Bitcoin has recovered from a July 1 low of $57,800 to trade around $64,000, supported by long-term holders who are holding rather than selling. The current price zone is defended by traders to avoid losses, but the market floor is still forming. Key indicators suggest the market is balanced, with the spent output profit ratio hinting at potential bullish momentum if it rises above 1. U.S. investor demand, particularly through spot Bitcoin ETFs, remains crucial for sustaining this rally, with positive inflows seen in July. Continued U.S. capital inflows could help Bitcoin break past resistance levels and maintain its upward trend.
Ethereum-focused spot ETFs attracted $105 million in net inflows, outpacing Bitcoin's $75 million, signaling renewed institutional interest in altcoins. This inflow follows a period of heavy outflows that had dampened market sentiment, especially for...
Bitcoin is on the verge of a significant technical breakout, potentially pushing its price above $70,000. Key bullish patterns like the inverse head and shoulders and a falling wedge suggest a trend reversal, with resistance around $65,000 weakening....
Russia's State Duma is set to finalize a new crypto regulation bill on July 21 that will license exchanges and brokers under the Bank of Russia's oversight. The bill classifies cryptocurrency as property, allows crypto for cross-border settlements, b...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $65,600, up nearly 2%, and Ethereum rising about 2.7%. Several altcoins such as UNI, PI, and LDO show significant gains, reflecting ongoing investor interest and market v...
Bitcoin spot ETFs attracted $273 million over two weeks, ending an $8 billion outflow streak, but this inflow barely covers the smallest weekly outflow during that period. The recent Bitcoin price rebound is driven mainly by derivatives rather than s...
