Bitcoin retreated from a two-week high of $64,500 to around $63,176 amid declining open interest and weak spot demand, raising concerns about the sustainability of its 8.4% gain in July. The recent rally was largely driven by a short squeeze rather than strong bullish conviction, as over $500 million in leveraged short positions were liquidated. Ether and altcoins showed mixed performance, with some tokens rising over 30% while others declined, indicating a fragmented market. Derivative traders remain cautious, and options data suggest lingering downside risks, signaling potential volatility ahead for crypto markets.
Bitcoin price remains above $63,000 following a nearly 10% rebound driven by expectations of Federal Reserve rate cuts and renewed institutional demand. Technical resistance near $64,000-$65,000 limits further gains, while support holds around $61,00...
The Altcoin Season Index remains at 47, indicating a neutral market phase where Bitcoin continues to dominate with 58.1% market share. Although some altcoins like Ethereum show modest gains, the overall altcoin rally lacks breadth to confirm a full a...
Amid a historic drop in the Japanese yen, local companies are increasingly buying Bitcoin and XRP not for speculation but to pay bonuses and dividends to shareholders. SBI VC Trade, a crypto exchange owned by SBI Holdings, has surpassed 2 million acc...
Bitcoin's recent price gains in July appear fragile due to weak demand in the U.S., indicated by a negative Coinbase Premium for 50 days and continuous outflows from U.S. spot ETFs. Rising bond yields in Japan and other major economies add pressure, ...
Bitcoin struggled to break above the $64,000 resistance level, facing rejection three times but trading near $63,240 with a weekly gain of almost 6%. Large investors, or whales, showed bullish confidence by opening leveraged long positions totaling a...
