Bitcoin traded slightly higher near $77,200, maintaining its position above the important 50-day moving average, supported by a drop in oil prices and gains in Asian stock markets. Other major cryptocurrencies like XRP, Solana, and Ethereum also saw modest increases but remained below their 50-day averages. The decline in crude oil prices followed reports of progress in reopening the Strait of Hormuz, boosting investor sentiment. However, concerns remain as Bitcoin ETFs experienced over $2 billion in outflows recently, which could pressure the market if institutional demand weakens further.
Bitcoin has entered a consolidation phase around $76,000 after a strong rally in April. Analyst Ali Martinez highlights two crucial price levels: support at $75,733 and resistance at $78,258, which will determine Bitcoin's next major move. A break ab...
Bitcoin's price is currently in a bear flag pattern, struggling below a descending channel and facing resistance near $78,000 and the 200-day moving average. Short-term momentum indicators suggest potential downside, but a golden cross—where the 50-d...
Crypto analyst @ChartNerd predicts the XRP/BTC ratio could fall more than 57%, retesting a strong support level at 0.0000073 seen in 2024. This decline is driven by XRP's ongoing underperformance against Bitcoin, recent bearish signals like dropping ...
Investors withdrew over $1 billion from bitcoin ETFs and $215 million from ether ETFs last week, signaling reduced interest in major crypto assets. Instead, funds flowed into alternative tokens, with new HYPE spot products gaining about $72 million a...
A dormant Bitcoin whale transferred 2,650 BTC worth about $203 million to crypto trading firms FalconX and Cumberland in three transactions. This move comes amid growing Bitcoin inflows to exchanges and sustained outflows from spot Bitcoin ETFs, sign...
