Bitcoin price hovered near $65,000 but failed to sustain above this level, facing resistance from sellers around the $67,523 short-term holder cost basis. This cost basis represents the average price paid by holders of coins less than 155 days old, creating a potential selling zone as investors seek to break even. Technical indicators show mild bullish momentum, but Bitcoin remains below key long-term moving averages, signaling the broader downtrend is intact. The next price moves depend on whether Bitcoin can break above $65,600 to trigger a short squeeze or fall below $64,000 toward stronger support zones around $63,000. Investors should watch these levels closely as the market balances between competing liquidity pools.
Bitcoin is trading near $64,925, pressed against the upper half of a two-month range with critical resistance at $67,073. A daily close above $67,073 would signal a breakout, potentially pushing Bitcoin toward $74,000, the next major resistance. Conv...
Bitcoin surged to $65,340 on August 7 after US July nonfarm payrolls unexpectedly fell by 23,000, the first monthly job loss since February. This weaker employment data reduced the probability of a Federal Reserve rate hike in September from 55% to 4...
Top traders are reducing Bitcoin long positions, especially in USDT-margined futures, indicating a cooling of leveraged bullish sentiment. Data shows a notable decline in the share of accounts holding BTC longs, suggesting broad de-risking rather tha...
A major whale investor has boosted their Bitcoin long exposure on the Hyperliquid exchange, coinciding with HyperLabs transferring large amounts of its HYPE tokens to centralized exchanges. This activity reflects growing confidence among whales, with...
Trump Media has canceled its plans with Crypto.com to create a publicly traded company for accumulating and staking Crypto.com's CRO token, citing changing market conditions and business priorities. The company is also dropping a separate Crypto.com ...
