Bitcoin stabilized around $66,000 after falling about 18% from $81,000 amid a tough selloff. A stronger-than-expected ADP jobs report showing 122,000 new private-sector jobs in May helped pause the decline by suggesting the economy isn't collapsing, but the market remains in extreme fear. The upcoming U.S. nonfarm payrolls report is the key event investors are watching, as it could influence Federal Reserve policy and trigger further volatility. Investors should be cautious, as sentiment is very pessimistic and a break below $66,000 could lead to more downside, but a moderate payrolls number might spark a rebound.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
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'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
