Bitcoin briefly dipped to its lowest since September 2024 at $57,700 but recovered to around $58,700 as broader markets remain pressured by inflation concerns and a strong U.S. dollar. Crypto futures saw $395 million liquidated, mostly long positions, while altcoins faced sharper selloffs due to lower liquidity. Despite market weakness, some altcoins like Solana-based Jupiter and Stellar Lumens gained significantly, signaling pockets of resilience. Options data shows cautious sentiment with demand for downside protection, suggesting traders brace for potential further corrections.
Citigroup has lowered its 12-month price targets for Bitcoin from $112,000 to $82,000 and for Ethereum from $3,175 to $2,240 due to weakening investor sentiment, significant ETF outflows, and regulatory uncertainty in the U.S. The crypto market saw $...
Investors moved 2.6 trillion Shiba Inu (SHIB) tokens off exchanges following a 29.5% drop in Q2, signaling a major supply shift ahead of Q3. XRP held its key $1 support level, supported by a rare macro trend and regulatory progress, preserving its bu...
Crypto markets experienced $359 million in forced liquidations mainly in Bitcoin and Ethereum, despite only modest price drops of about 1.4% for BTC and 1.1% for ETH. This indicates that leveraged derivatives, not spot selling, absorbed most of the s...
World XYZ, a key prediction market on Solana, has integrated Chainlink as its oracle provider to improve data accuracy and speed in resolving market outcomes. This upgrade addresses the 'oracle problem' by linking smart contracts to reliable real-wor...
Citi has lowered its 12-month Bitcoin price target from $112,000 to $82,000, marking its most bearish forecast to date. The downgrade reflects a sharp decline in institutional demand, particularly due to stalled Bitcoin ETF inflows, with projected ne...
