Fidelity Digital Assets reports Bitcoin's net unrealized profit/loss (NUPL) at 0.21, placing it in a cautious 'Hope-Fear' zone amid a 25% year-to-date decline. Ethereum and Solana face deeper losses of 31% and 38%, respectively, with both showing signs of stabilization after early-year lows. Large liquidation events and macroeconomic uncertainties, including Fed policy doubts, have pressured crypto markets. Despite challenges, Ethereum's onchain activity and stablecoin transfers hit record highs, indicating growing real-world use. Fidelity views the market as in a 'repair phase,' with future growth dependent on geopolitical and regulatory clarity.
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'...
