Citigroup has lowered its 12-month price targets for Bitcoin from $112,000 to $82,000 and for Ethereum from $3,175 to $2,240 due to weakening investor sentiment, significant ETF outflows, and regulatory uncertainty in the U.S. The crypto market saw $4.5 billion in net outflows from U.S. spot Bitcoin ETFs in June, the largest since their 2024 launch, with Ethereum ETFs also experiencing declines. Regulatory doubts, including the low chance of the U.S. Clarity Act passing and scrutiny over a major cryptocurrency disclosure, add to market caution. Despite July historically being strong for Bitcoin, analysts expect a consolidation phase this summer with subdued trading and elevated risks.
Bitcoin is set to close July with a 7.5% gain despite challenges like rising interest rate expectations, higher bond yields, and a $38 million Coldcard wallet hack. Analysts attribute Bitcoin's resilience to reduced forced selling after leveraged pos...
The 30-year U.S. Treasury yield hit its highest level since 2007, making bonds more attractive and drawing capital away from riskier assets like cryptocurrencies. This shift has contributed to a significant drop in crypto market value, with Bitcoin l...
Bitcoin fell 3.5% to $62,369, its lowest in over two weeks, influenced by stagnant US markets and renewed global macroeconomic tensions. While Wall Street struggled, the South Korean KOSPI index surged 17.9%, driven by the AI and semiconductor sector...
Large investors, or whales, have raised their control over Cardano's ADA tokens to 68.76%, the highest since July 2020, despite the token's price falling over 70% this year. This surge in whale holdings suggests growing institutional confidence in Ca...
Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 after failing to hold $65,000, which erased $100 million in leveraged long bets and reduced its monthly gains from 10% to 4.5%. The sell-off also cut Bitcoin's market capit...
