Bitcoin showed only a mild 0.5% gain after the US July CPI matched expectations at 3.4%, failing to break the $65,000 resistance. While lower rate hike odds for September eased some pressure, the muted market reaction questions the strength of the so-called Bitcoin bottom and short squeeze narratives. On-chain data shows Bitcoin trading near miner cost zones and increasing long-term holder losses, with ETF outflows rising and traders predicting a drop below $60,000. This growing capitulation risk suggests the market may need more time before a sustainable rally can occur.
Bitcoin's market capitalization has risen to $1.615 trillion, surpassing Tesla's $1.438 trillion and Samsung's $1.237 trillion, placing it 13th among global assets. This follows Bitcoin's price peak at $81,914 on Saturday after four consecutive days ...
A cryptocurrency whale sold about 1,107 BTC worth roughly $86.76 million and used the proceeds to buy and stake 34,422 ETH valued at around $86.5 million. This move highlights a notable shift from Bitcoin to Ethereum, with the whale committing the en...
Bitcoin recently closed above its 50-week moving average for the first time in 45 weeks, a key technical indicator suggesting the bear market may be over. The cryptocurrency rose nearly 6% in the week, trading around $81,450, and has gained 29% over ...
Bitcoin surged 5% to $81,914, helping the total cryptocurrency market cap reclaim $2.8 trillion and nearly reach $2.9 trillion during a broad weekly rally. Altcoins outperformed Bitcoin, with Hyperliquid (HYPE) hitting a new high of $94.48 and Zcash ...
Strategy (MSTR) stock surged 16.39%, closing at $153.92 after heavy trading volume more than doubling its average daily shares. The rise is closely tied to Bitcoin's price, as Strategy holds around 845,000 BTC worth about $69 billion, making Bitcoin'...
