Bitcoin's price rally remains under pressure despite a $1.3 trillion gain in the S&P 500 following reports of a potential end to the US-Iran conflict. Technical analysis shows a bearish pennant pattern forming, suggesting a possible drop below the $63K support level unless bulls can push a breakout above the 50-day moving average. Strong support exists between $60K and $63.4K, reinforced by the bull market trendline, but momentum indicators hint at a potential decline. If support fails, Bitcoin could fall to $40K or even $30K. The coming week is critical to determine if Bitcoin is bottoming or facing a deeper correction.
Veea Inc. has announced the commercial release of VeeaONE, a full-stack AI infrastructure platform that integrates edge-to-cloud hardware and software. The platform supports VeeaWare middleware on NVIDIA Jetson and x86/Arm servers, enabling secure, l...
Virtuals Protocol has introduced customizable tokenized indexes on the Robinhood Chain, allowing users to combine multiple assets into a single token. This innovation enables users to create and manage their own asset baskets and earn fees when other...
US spot Bitcoin ETFs saw net inflows of $107.8 million on Wednesday, while Ethereum ETFs attracted $53.8 million, signaling renewed institutional interest in crypto funds. Since their launch in January 2024, Bitcoin ETFs have accumulated over $51 bil...
Kaia has signed a strategic partnership with Xilo Labs to integrate Mochi, an onchain asset management platform, into Kaia's ecosystem. This collaboration allows users to invest stablecoins into diversified portfolios backed by tokenized real-world a...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
