Bitcoin traded near $64,270 on August 5, showing limited gains despite record highs in global stock markets and falling oil prices. The cryptocurrency remains about 49% below its all-time high and faces resistance at $64,300, a key level for confirming a potential breakout. While U.S. Bitcoin ETFs saw some inflows, overall demand remains weak, contrasting with strong equity and AI sector performance. A possible U.S., Iran, and Oman shipping agreement could ease geopolitical risks and oil prices, but Bitcoin's reaction will be a test of its sensitivity to macro factors. Traders are watching ETF flows, price support near $62,500, and whether Bitcoin can close above resistance to confirm a trend reversal.
Bitcoin surged 47% from its July low, yet holders are reluctant to sell, as shown by the adjusted Spent Output Profit Ratio (aSOPR) near 1.01, indicating minimal profit-taking. This contrasts with August's breakout when aSOPR was higher, suggesting c...
XRP has consistently outtraded Bitcoin on South Korea's Upbit exchange for 30 consecutive days, reaching $350 million in trading volume on September 21 compared to Bitcoin's $225.8 million. The price of XRP on Upbit rose about 19% from $1.28 to $1.52...
Ripple co-founder Chris Larsen highlighted XRP's longevity and strong community as key factors that help it stay relevant over time, sparking renewed debate on whether XRP could eventually overtake Bitcoin. Larsen emphasized XRP's decade-long presenc...
The cryptocurrency market briefly surpassed a $3 trillion valuation, driven by Bitcoin reaching around $86,000, its highest since late January. Major altcoins like DOGE, XRP, and Solana also saw significant gains, while nearly $920 million in short p...
BNB rose about 1.8% to near $787 after briefly surpassing $800 during a recent crypto rally driven by a broad market rebound. The surge was fueled by Bitcoin's 6% gain, falling oil prices, lower Treasury yields, and a short squeeze liquidating over $...
