Galaxy Digital transferred 2,500 Bitcoin worth about $160 million to exchange wallets within an hour on July 10, 2026. Such large deposits often signal potential selling, raising concerns about downward pressure on Bitcoin's price, which was around $63,962 at the time. Market analysts note that if these coins are sold, it could increase Bitcoin supply on exchanges and push prices lower, with key support levels at $61,810 and $59,700. However, some technical indicators suggest Bitcoin could still rally if it breaks resistance near $65,300. Galaxy Digital has not commented on the transfers, leaving market watchers cautious about short-term impacts.
Bitcoin failed to break the $64,671 resistance and is now testing a crucial support zone between $62,163 and $63,500. Holding this area could lead to a rebound toward $65,600, maintaining short-term bullish momentum. However, a decisive break below $...
A cryptocurrency expert recommends allocating $1,000 across five digital assets and a stablecoin buffer to balance security and growth potential. The portfolio assigns 40% to Bitcoin and 25% to Ethereum, reflecting their market dominance and institut...
After eight consecutive weeks of outflows totaling over $8 billion, Bitcoin ETFs recorded nearly $200 million in net inflows last week, marking a positive shift for the first time in two months. Ethereum ETFs also saw their best week since April with...
Bitcoin exchange-traded funds (ETFs) attracted about $200 million in net capital last week, marking their first positive week since May after eight weeks of withdrawals totaling over $8 billion. The inflows began strongly on Monday but were partially...
Bitcoin and Ethereum posted small gains while major altcoins showed mixed results, reflecting cautious investor sentiment and a preference for Bitcoin's relative stability. Bitcoin dominance increased slightly to 58.51%, signaling a defensive market ...
