Bitcoin dropped nearly 2% to trade below $64,700, losing about $20 billion in market value and triggering $42.3 million in long position liquidations. The decline followed stalled progress on the U.S. Senate's CLARITY Act and a surge in oil prices above $101 per barrel, driven by geopolitical tensions in the Middle East and statements from President Trump. Rising energy costs have increased inflation concerns, impacting broader markets and crypto sentiment. Analysts highlight that liquidity, energy volatility, and Federal Reserve policy will shape market trends in the near term.
Dave Portnoy, founder of Barstool Sports, is selling his XRP holdings at $1.40 instead of waiting for the price to reach $2. He needs the cash urgently to participate in upcoming thoroughbred horse auctions in Saratoga and Cleveland. Portnoy's decisi...
Bitcoin ETFs have recorded seven consecutive days of net inflows since July 14, marking the longest streak since early May. This inflow totals $981.2 million and coincides with Bitcoin prices reaching up to $66,300, indicating renewed investor confid...
Large holders of XRP are increasing their positions while smaller retail investors are selling, according to a crypto analyst. Institutional purchases by firms like Franklin Templeton and Fidelity suggest confidence in a future crypto cycle despite r...
Anthony Scaramucci, founder of SkyBridge Capital, said Bitcoin is expected to gradually increase in value despite current negative market sentiment, which he attributes to investor fear rather than poor fundamentals. He highlighted limited Bitcoin su...
A record 1.47% of XRP's total supply, worth $1.04 billion, is now locked in U.S. spot ETFs as institutions prepare for the upcoming Senate vote on the CLARITY Act. Grayscale Research has dismissed the traditional four-year Bitcoin halving cycle, poin...
