CryptoQuant reports Bitcoin and the crypto market may be entering a new bull phase following a 24% price surge to nearly $80,000. This optimism is driven by positive macroeconomic factors, including increased U.S. Treasury bond buybacks and potential government interest in Bitcoin. CryptoQuant's Bull Score jumped from 30 to 80, with most indicators turning bullish and demand rising strongly. However, full confirmation requires Bitcoin to sustain a close above its 365-day moving average near $83,000. Short-term profit-taking and increased exchange inflows pose risks of pullbacks, so investors should watch if momentum can push prices beyond this key threshold to solidify the bull market.
Cryptocurrency markets display varied performance with Bitcoin priced at $80,473, up 3.12%, and Solana leading gains with a 13.09% increase. Other notable rises include Ethereum and XRP, while some coins like FIGR_HELOC and AKE show slight declines. ...
Core Lightning developers issued an urgent warning about a reported critical flaw in Bitcoin's Lightning network, based on AI-generated bug reports. While the flaw's details and impact remain unconfirmed, the advisory stresses caution for node operat...
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
Zcash (ZEC) has surged 70% rapidly, triggering a historical risk indicator that signals a likely correction for Bitcoin (BTC). On-chain analysts note that abnormal Zcash growth during Bitcoin's consolidation phases often precedes market-wide sell-off...
Bitcoin's price rally in August is encountering a critical resistance zone between $81,000 and $86,000, identified as a major supply area by analysts. This zone includes breakeven points for long-term holders and options-related selling pressure, mak...
