Bitcoin struggled to rise above $63,000 on Friday despite strong inflows into spot Bitcoin ETFs earlier in the week. Over the past 24 hours, more than 94,000 traders were liquidated, losing over $359 million. Analysts warn that Bitcoin's market structure is weakening, with potential to drop to $58,000 if key support breaks. Historical trends suggest possible further declines after Federal Reserve meetings, but some experts advise patience and accumulation during this volatility.
Bitcoin's price recovery is losing momentum as its volatility decreases to around 25%, nearing the low levels seen in July 2023. Short-term holders' unrealized profits have shrunk from 20% to 5.5%, indicating reduced upward momentum and increased vul...
Open interest in perpetual futures for five major cryptocurrencies—Bitcoin, Ether, Solana, XRP, and Dogecoin—fell as of Oct. 29, with Dogecoin experiencing the largest drop of 2.37%. Despite the declines, long positions outnumbered short ones in all ...
Ethereum spot ETFs experienced withdrawals totaling $170.21 million over three days ending October 28, signaling declining institutional demand and putting downward pressure on Ethereum's price. Despite some relief from Fidelity's FETH ETF, BlackRock...
In the latest 24-hour market snapshot, Cardano (ADA) experienced the largest decline among major cryptocurrencies, dropping 4.06% to $0.1984. Bitcoin (BTC) fell by 1.72% to $79,978, while XRP and Solana also saw decreases of 3.02% and 2.31%, respecti...
A post on X from The Bitcoin Historian account attributed to Fidelity Investments suggests investors increasingly view Bitcoin as a safe-haven asset and hints at renewed upward momentum. It also referenced a previous post predicting Bitcoin could rea...
