Bitcoin's price dropped sharply to nearly $61,000, falling below the bull market trendline, but buyers quickly pushed it back above the 200 SMA, signaling strong support around $63,000. This flash crash left a notable candle tail, historically followed by price rises, suggesting the current rally may continue. If bulls maintain the $63K support, Bitcoin could test the key $66,000 resistance, though short-term momentum indicators show some weakening. Weekly charts indicate a potential big rally if the price breaks above $66K and holds, supported by intact trendlines and positive momentum signals, but bears could still challenge this move.
Zcash (ZEC) has surged 2,389% over the past year, reaching prices above $1,200 for the first time since 2016. This sharp rally has put significant pressure on major short sellers, including a trader holding a $47 million short position that faces liq...
Bitcoin's price stabilized around $79,600 to $80,100 after a recent surge, supported by strong institutional demand with spot Bitcoin ETFs attracting up to $987 million in weekly inflows. Corporate Bitcoin purchases continued despite market volatilit...
Cryptocurrency markets experienced varied price changes with Bitcoin falling 1.1% to $78,831 and Ethereum down 0.34% to $2,471. Other coins like DOT and PUMP saw significant gains of 12.71% and 7.55% respectively, indicating selective investor intere...
Leveraged hedge funds trading on the Chicago Mercantile Exchange (CME) have shifted from a long-standing net short position to a net long stance on bitcoin futures. This change marks a rare and significant move toward bullish exposure on bitcoin, sug...
Binance founder Changpeng Zhao (CZ) expressed strong confidence that Bitcoin may overtake gold as the world's most important asset during the next major bull run. While gold currently holds a $15.9 trillion market valuation, far exceeding Bitcoin's $...
