Bitcoin closed at $64,914 on August 8, with stablecoin inflows into Binance and Upbit surging dramatically, indicating a shift of liquidity from US markets to offshore hubs, especially in Asia. US demand has softened, while older Bitcoin holders remain active, suggesting a repositioning of capital ahead of a potential breakout. Analysts project Bitcoin's next cycle peak between $184,200 and $230,200, based on historical cycle returns and current market dynamics. This liquidity shift and cycle projection highlight growing offshore interest and possible upcoming volatility before a confirmed price breakout.
Bitcoin ETFs experienced a fourth consecutive day of outflows, losing $13.29 million on September 11 and $462.73 million over the week, with BlackRock's IBIT seeing significant withdrawals. In contrast, Ethereum ETFs attracted $216.41 million in infl...
Grayscale has filed to convert its Litecoin Trust (LTCN) into an ETF, proposing a name change to Grayscale Litecoin Trust ETF while retaining the LTCN ticker. This move aims to list LTCN on the NYSE Arca exchange, allowing share creation and redempti...
Ethereum has recovered more than 55% from its June low of around $1,600 to trade near $2,492, marking one of its strongest third quarters in history. The rally gained momentum in August, pushing ETH above key moving averages and breaking through resi...
Bitcoin fell below $77,000 to around $76,725 during Sunday trading, pressured by rising treasury yields and expectations of sustained high interest rates. Market sentiment briefly hit an "extreme greed" level not seen since March 2024, reflecting str...
SpaceX remains a buy as its shares show resilience amid market volatility and lock-up expirations. The company reported a 90% revenue increase in Q2 to $7.8 billion and reduced net losses, driven by aggressive AI expansion and strong growth in Starli...
