Bitcoin and major altcoins gained as oil prices eased and hopes for an Iran-U.S. deal boosted sentiment. Bitcoin is trading between key support near $60,000 and resistance around $66,000 to $68,000, with analysts warning of a bearish chart pattern that could push prices down to $54,000. Derivatives data show mixed signals with elevated volumes but mostly negative market sentiment, indicating skepticism about a sustained rally. Meanwhile, Taiko's token plunged nearly 30% after a security breach on its Ethereum layer-2 network, highlighting ongoing risks in crypto bridge technology.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
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'...
