Bitcoin plunged 8% to $26,000, marking the sharpest drop since the FTX collapse, driven by ongoing market volatility and regulatory uncertainty. Ethereum and Cardano also fell significantly, while stablecoin Tether remained steady at $1.00. Solana faced a network outage, further shaking investor confidence. Despite the selloff, trading volumes on Binance rose 15%, suggesting some investors are buying the dip. Institutional players like MicroStrategy continue accumulating Bitcoin, while regulatory bodies like the Bank of England express concerns, adding to market anxiety. The crypto market remains highly unstable as investors await clearer regulatory guidance and watch key support levels closely.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
