Bitcoin held below $80,000 after U.S. producer price inflation data sparked risk-off sentiment, wiping out nearly $400 million in leveraged long positions. The crypto market saw sharp declines in altcoins, especially memecoins, amid sustained selling pressure. Ethereum's open interest hit a record high, indicating increased leverage demand despite price stagnation. The market remains cautious with subdued volatility and active downside hedging, signaling potential further downside risk for altcoins.
Ethereum's realized profits rose to $74.58 million, the highest in three weeks, as some holders who bought below $2,000 sold during a recent price dip. ETH is trading near $2,267, with $2,270 identified as a key short-term trigger level for traders. ...
Bitcoin dropped to $79,200, breaking the key $80,000 support level amid rising inflation and geopolitical tensions between the US and China over Taiwan. Solana and other major cryptocurrencies also declined, while Dogecoin was the only gainer. Inflat...
A veteran crypto trader warns that Bitcoin, currently trading around $79,400, faces significant resistance near $85,000. The trader says Bitcoin needs to flip this level into support to confirm a bullish double-bottom pattern and avoid a potential do...
XRP price is maintaining strong support around $1.40 despite Bitcoin falling below $80,000 and Ethereum slipping under $2,400. This level is crucial as it marks a pivot from resistance to support, indicating investor confidence in XRP even during bro...
Anthony Scaramucci, founder of SkyBridge Capital, stated that Bitcoin is following the classic S-curve of adoption similar to tech giants Amazon and Microsoft. He explained that Bitcoin, unlike traditional fiat money, is an open, decentralized, and s...
