Technical analyst Katie Stockton of Fairlead Strategies indicates that Bitcoin may have reached a major low after nearing $60,000, based on rare long-term oversold signals from key indicators. This suggests the recent price decline might be ending, with momentum beginning to improve despite current price pressure. Stockton also extends this outlook to ether, suggesting it may have similarly bottomed, which is significant as these two assets often signal broader market trends. While short-term volatility may continue, these long-term signals point to a potential new cycle beginning for major cryptocurrencies.
Binance founder Changpeng Zhao highlighted that Bitcoin's available supply may be even lower than commonly believed. While over 20.07 million Bitcoin have been mined out of the 21 million total, CZ estimates that 10% to 20% of these coins are lost or...
Bitcoin ETFs have sold off 917 BTC, worth about $57.63 million, indicating a notable shift in institutional sentiment. Major U.S. spot Bitcoin ETFs, including those by BlackRock and Fidelity, contributed to this outflow, which exceeds two days' worth...
Bitcoin's circulating supply has exceeded 20.07 million coins, reaching about 95.57% of its 21 million maximum. Despite this milestone, apparent demand remains negative, indicating that new coins are not yet fully absorbed by holders. Bitcoin trades ...
The crypto market remains range-bound with Bitcoin trading around $62,900, showing little daily movement but down over 3% weekly. Regulatory setbacks in the US, including the SEC delaying a key crypto rule vote and stalled Senate action on the CLARIT...
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
