Bitcoin is currently trading below several major technical and onchain valuation levels, including the True Mean Price, 200-Day and 128-Day Moving Averages, and Short Term Holder Cost Basis. This indicates ongoing market weakness and places Bitcoin in a 'no man's land' between key support and resistance levels. Historical bear market patterns suggest Bitcoin could bottom around 5-10% below these metrics, pointing to a potential low near $45,000. Investors should watch these levels closely as they may signal the next significant move in Bitcoin's price.
Bitmine Immersion Technologies purchased 27,084 ETH worth about $43 million last week, increasing its holdings to 5.7 million ETH, nearly 4.7% of Ethereum's circulating supply. Despite the recent crypto price decline, Bitmine continues to accumulate ...
Cryptocurrency markets display varied price changes, with Bitcoin slightly down at $59,876 and Ethereum nearly unchanged at $1,574. Other coins like Solana and Avalanche show gains, while some tokens experience declines. These fluctuations reflect on...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $59,867, slightly down by 0.64%, and Ethereum near $1,572, down 0.48%. Some altcoins like AVAX and AAVE show significant gains of 3.64% and 3.65% respectively, indicatin...
Bitcoin hovered just below $60,000 with a slight 0.6% gain, reflecting cautious trader sentiment as derivatives data and chart patterns suggest continued downside risk. While Solana and Avalanche showed some rebounds, their futures open interest indi...
U.S. Bitcoin and Ethereum spot ETFs experienced nearly $2 billion in outflows in late June due to increasing regulatory scrutiny and geopolitical uncertainties, including U.S.-Iran tensions. BlackRock’s Bitcoin and Ethereum ETFs led the withdrawals, ...
