Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 after failing to hold $65,000, which erased $100 million in leveraged long bets and reduced its monthly gains from 10% to 4.5%. The sell-off also cut Bitcoin's market capitalization from $1.3 trillion to $1.26 trillion. The decline followed a brief rally fueled by the Federal Reserve's decision to keep interest rates steady, but market sentiment was dampened by stalled progress on the U.S. Senate's CLARITY Act, which is seen as crucial for crypto regulation and long-term growth. Without regulatory clarity, Bitcoin's price remains vulnerable to sharp swings as traders adjust positions amid uncertain policy developments.
Large investors, or whales, have raised their control over Cardano's ADA tokens to 68.76%, the highest since July 2020, despite the token's price falling over 70% this year. This surge in whale holdings suggests growing institutional confidence in Ca...
Tether reported a $1.5 billion net operating profit for Q2 2026, driven by returns from U.S. Treasury and repurchase agreements. Despite this profit, its reserve buffer fell by about half to $4.11 billion, down from $8.23 billion in Q1. The company i...
Bitcoin struggled to rise above $63,000 on Friday despite strong inflows into spot Bitcoin ETFs earlier in the week. Over the past 24 hours, more than 94,000 traders were liquidated, losing over $359 million. Analysts warn that Bitcoin's market struc...
Strategy, led by Michael Saylor, reported a rise in Bitcoin holdings to nearly 846,000 BTC and efforts to stabilize its preferred stock STRC near its $100 par value despite market difficulties. The company reduced convertible debt to $6.7 billion and...
Bitcoin dropped 1.3% to around $63,870 and Ethereum fell 1.4% to about $1,890 as crypto markets faced pressure at July's end. This decline contrasts with gains in traditional markets like South Korea's Kospi and U.S. stock futures. Bearish signals fr...
