Bitcoin holders have realized net profits of 110,000 BTC since August 19 following a price rally from under $65,000 to over $82,000. Despite this profit-taking and signs of slowing demand, including weaker US buying and a negative Coinbase Premium index, the overall market remains bullish. The key resistance level to watch is $83,000, which corresponds to the 365-day moving average; a sustained close above this would confirm a stronger bull market. For now, the trend is cautious but not bearish, with profit-taking seen as a normal cooldown phase after a strong rebound.
Crypto markets showed mixed results with Layer 2 tokens leading gains, rising 6.62%, including Starknet up 111.53%. Bitcoin climbed 1.43% above $83,000, while Ether edged up 0.14% over $2,500. DePIN assets advanced 6.24%, led by Grass with a 49.41% j...
Bitcoin has been trading in a narrow range around $82,000 to $83,000, disappointing many investors expecting a strong October rally known as "Uptober." This contrasts sharply with October 2025, when Bitcoin hit an all-time high above $126,000 before ...
Starknet's STRK token experienced a remarkable 322% increase over four weeks, significantly outperforming Bitcoin and Ether during the same period. Starknet is a zero-knowledge Layer 2 network built on Ethereum, designed to enhance scalability. This ...
MAGIC token rose sharply by 38.96% to $0.1359, outperforming other layer-2 scaling and modular blockchain assets during a mostly flat crypto market. Other notable gainers included S (27.81%), W (24.26%), LUMIA (21.44%), PLUME (21.21%), and STRK (20.5...
South Korea's crypto market showed renewed risk appetite with 66% of major tokens rising and 24-hour turnover hitting 1.7 trillion won on Upbit and Bithumb. Bitcoin traded slightly higher at 113.35 million won, while Ethereum also gained. Notable tok...
