Bitcoin briefly surged above $63,000 during thin U.S. holiday trading, driven by low liquidity rather than strong market conviction. This bounce follows a tough June marked by $4.5 billion in net ETF outflows and significant long liquidations. For the rally to be trusted, investors should watch for sustained ETF inflows, spot-led demand, and price holding key support levels during regular trading hours. Until these signals appear, the recent price move remains suspect and vulnerable to reversal once normal liquidity returns.
A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip e...
Michael Saylor's firm, Strategy, has paused its regular Bitcoin purchases for over a month to focus on increasing its cash reserves. The company recently added $525 million to its U.S. dollar holdings, bringing total cash to $3.75 billion, enough to ...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
ChatGPT predicts Bitcoin's price will reach $145,000 by the end of 2024, suggesting a 122% increase from current levels around $65,060. Looking further ahead to December 31, 2026, it forecasts a new all-time high with a weighted probability approach:...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin rising 0.72% to $64,914 and Ethereum increasing 3.54% to $1,953. Other notable movements include Binance Coin up 0.46% and Shiba Inu down 4.44%. These fluctuations reflect ongoing marke...
