Bitcoin fell more than 2% to around $62,500 as a sell-off in SK Hynix shares dragged down technology stocks and risk assets. Investors are cautious ahead of upcoming US core inflation data and escalating US-Iran tensions, which could impact oil prices and inflation. Technical analysis shows Bitcoin breaking down from a bearish rising wedge pattern, targeting a potential drop to $58,500 unless it recovers above $64,000. The market remains sensitive to macroeconomic and geopolitical risks in the near term.
An analysis by TradingShot suggests Bitcoin is nearing a cyclical bottom expected around early October 2026, with a potential price drop to between $40,000 and $50,000. This forecast is based on Bitcoin's historical four-year cycle patterns, where pr...
Bitmine Immersion Technologies acquired 27,801 ETH last week, bringing its total holdings to over 5.7 million ETH, or 4.8% of Ethereum's circulating supply. The company also holds significant assets in Bitcoin, cash, and investments, totaling $11.3 b...
At WebX 2026 in Tokyo, Fundstrat co-founder Tom Lee described Ethereum as the foundational 'operating system' for next-generation finance, enabling tokenized assets, stablecoins, and AI-driven commerce. He highlighted Ethereum's role as a settlement ...
Bitcoin is trading around $62,700, close to Fidelity's power law support zone near $58,000, historically a strong accumulation area. This zone has aligned with major Bitcoin lows in 2015, 2018, and 2022, suggesting potential buying opportunities. How...
Cryptocurrency markets fell 1-3% overnight, with Bitcoin dropping 1% to $63,000 and similar declines for Ethereum and Solana. However, Bitcoin ETFs reversed a two-month outflow trend, showing net inflows that suggest renewed institutional investor in...
