Bitcoin's price recently dipped to around $61,300, touching a major bull market trendline, before rebounding to just under $64,000. This move follows a 15.8% drop after breaking below a bear flag trendline. Despite poor market sentiment, technical indicators like oversold RSI and a potential double bottom suggest a possible short-term bounce, though resistance at $66,000 remains a challenge. On the weekly chart, Bitcoin is near critical support zones, including the 200-week SMA and bull market trendline, with a potential retest of the bear market trendline around $57,000 possibly signaling the bear market's final phase. Investors should watch for confirmation of these levels as the market decides if the bottom is in or if further declines are coming.
Bitcoin's recent price drop to around $62,099 has sparked renewed concern over its quantum security, with Capriole Investments founder Charles Edwards highlighting a 28% 'quantum discount' due to slow developer progress on post-quantum upgrades. This...
Bitcoin's market price is currently 27% below its estimated true value, driven by fears over quantum computing risks and a lack of progress on post-quantum security upgrades by Bitcoin developers. This discount reflects investor concern about the pot...
During the first 500 days of President Donald Trump's second term starting in January 2025, the number of Bitcoin millionaire addresses fell by 29.13%, from 157,563 to 111,659. Addresses holding over $10 million in Bitcoin also declined by nearly 25%...
US Treasury Secretary Scott Bessent announced plans to create a Strategic Bitcoin Reserve from seized assets and urged senators to approve the CLARITY Act this summer. The CLARITY Act is seen as a key legislative step for the crypto sector, potential...
The HYPE token from Hyperliquid surged to a new high of $74.67, overtaking Solana's SOL token in price for the first time. This rise is supported by the launch of Grayscale's HYPG ETF alongside two other U.S.-listed HYPE ETFs, collectively drawing ov...
