Bitcoin surged over 24% in August, driven largely by a massive short squeeze that liquidated $9.71 billion in crypto positions, mostly shorts. This rally marks Bitcoin's best monthly performance since 2017 but raises concerns about sustainability, as the move may reflect deleveraging rather than strong new demand. Indicators like ETF outflows and rising supply from smaller holders suggest weakening buying interest, while technical signs point to potential capital rotation away from Bitcoin. These factors could lead to a bearish September despite the recent rally.
Bitcoin's price rose 1.5% to an intraday high of $78,960 as buyers challenged resistance near $79,000. The cryptocurrency is recovering after a recent pullback from the $81,000 range, supported by strong technical indicators and increasing volume. Ma...
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
After nine days of inflows totaling $3.04 billion, U.S. Spot Bitcoin ETFs recorded $201.81 million in outflows on August 28 as Bitcoin's price fell from $80K to around $78,275. Meanwhile, altcoin ETFs like Ethereum, XRP, and Solana continued to attra...
The crypto market sentiment has shifted from prolonged fear to greed, with Bitcoin rallying above $80,000 and the Crypto Fear and Greed Index reaching 68. This shift was influenced by factors such as a White House meeting supporting crypto legislatio...
Metaplanet, a major Bitcoin miner and treasury firm, transferred $237 million worth of Bitcoin to Coinbase Prime, signaling a potential sell-off amid a broader crypto market slowdown. This move has raised speculation that Metaplanet may be securing p...
