Bitcoin (BTC) is gaining bullish momentum with nearly 12% gains in the past month, supported by rising ETF inflows totaling $1.7 billion and increased whale accumulation of 10,000 BTC in May. Open interest in Bitcoin futures has also jumped 49% since March, signaling improved market sentiment. BTC is approaching a critical resistance at the 50-week EMA near $85,700, which will determine if the rally continues or a correction occurs. Despite macroeconomic uncertainties and geopolitical tensions, the combination of strong whale activity, ETF investments, and technical signals suggests a potential rise above $85,000 in the near term, possibly triggering a strong rally.
The upcoming wave of major tech IPOs, including companies like Databricks and Klarna, is expected to attract significant investor capital, potentially reducing liquidity in Bitcoin markets. This trend is reflected in Q2 performance, where U.S. equiti...
The cryptocurrency market is showing signs of bearish pressure as major assets like Bitcoin, Ethereum, and XRP struggle to maintain momentum and key support levels. Bitcoin has fallen below key moving averages and faces potential deeper correction if...
BlackRock clients reportedly sold $177.95 million worth of Bitcoin, raising concerns about institutional risk reduction amid volatile price action. Despite this, Bitcoin saw net outflows of $17.31 million from exchanges, suggesting ongoing accumulati...
Bitcoin surged past $74,000 on May 29 after briefly dropping to a multiweek low of $72,395. The rebound followed reports of a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, a key shipping route for 20% of the world's crude oil. This ne...
Bitcoin's price stabilized around $74,000 following positive regulatory developments in the US, including the Commodity Futures Trading Commission allowing crypto perpetual futures trading. Despite significant liquidations and outflows from Bitcoin a...
