Bitcoin fell from $65,409 to $62,466 on July 31 amid bearish sentiment driven by a hardware wallet hack and panic selling from short-term holders. However, short-term holders reversed course by August 3, buying back around 3,150 BTC, signaling early accumulation. Long-term holders have been selling more, realizing profits, which adds pressure but may lead to market consolidation. Despite positive spot market netflows indicating profit-taking, strong inflows of $170 million into US Bitcoin ETFs suggest cautious optimism ahead.
Cryptocurrency prices exhibit varied changes, with Bitcoin holding around $63,899 and Ethereum slightly down at $1,865.59. Some altcoins like AVAX and PUMP show notable gains, rising by 2.92% and 5.14% respectively, while others like AAVE and LDO fac...
BitGo is moving $7.3 billion of wrapped Bitcoin (WBTC) cross-chain operations from LayerZero to Chainlink's Cross-Chain Interoperability Protocol (CCIP), making Chainlink the exclusive infrastructure for WBTC. This transition consolidates BitGo's tok...
The U.S. ISM Manufacturing PMI rose to 55.6, its highest since June 2022, signaling stronger economic activity that could support risk assets like Bitcoin. Historically, sustained PMI levels above 55 have coincided with major crypto rallies, though B...
Bitcoin is maintaining a crucial macro support level, which analysts believe could lead to a major bull market phase. If this support holds, Bitcoin's current all-time high near $126,000 might only be the midpoint of the cycle, with potential to surg...
The GRAM token experienced sharp price swings after Apple temporarily removed Telegram from its App Store due to content violations, causing a brief 6% drop before recovery. Meanwhile, XRP holders can now borrow the RLUSD stablecoin using wrapped FXR...
