Bitcoin surged above $80,000 in early May but then dropped below $60,000 before rebounding to $62,000, raising questions about its traditional 4-year cycle. Galaxy CEO Michael Novogratz argues that Bitcoin isn’t dead but the 4-year cycle may no longer apply as the market matures. Meanwhile, trader James Wynn closed profitable short positions on Bitcoin and Solana and opened high-leverage long positions on Bitcoin and Ethereum, reflecting confidence in a market rebound. This shift highlights changing dynamics in crypto trading and sentiment.
NEAR Protocol (NEAR) experienced a sharp decline of 8.89% to $3.89 on November 2, marking the steepest drop among major cryptocurrencies in a broadly falling large-cap market. Other notable losers included Rain, Venice Token, and Ether.fi, while a fe...
The GPRO token surged 10.5% within an hour on November 2, reaching 1.054 USDT, and was up 9.6% over the previous 24 hours. This rise contrasts with the broader market where Bitcoin and Ether prices fell by 1.69% and 0.75%, respectively. The increase ...
Investment firm VanEck forecasts Bitcoin may reach $500,000 within 5 to 10 years, driven by its potential to capture half of gold's market cap. Analysts highlight Bitcoin's strong recent performance, outperforming gold and the S&P 500, and growing in...
Bitcoin holders realized $1.115 billion in losses within 24 hours as short-term holders moved 36,600 BTC to exchanges below their cost basis, pushing Bitcoin's price down to $76,400. Analyst Doctor Profit identified $76,000 as a critical support leve...
Eleven major cryptocurrency transfers totaling $1.72 billion occurred within three hours on Nov. 2, including a $239.7 million Tether transfer from Binance to an unknown wallet. Other significant moves involved Bitcoin, Ether, and USD Coin shifting b...
