Bitcoin traded near $62,920, pressured by renewed U.S.-Iran strikes that lifted oil and the dollar, causing crypto markets to weaken. Despite $21.4 million inflows into U.S. spot Bitcoin ETFs providing some support, technical indicators like MACD and RSI show limited bullish momentum, and Bitcoin remains below the key $65,000 resistance level. Market stress is evident as over 50% of Bitcoin supply is held at a loss, signaling late-cycle bear market conditions, though a further downside move is possible. Traders await a clear break above $65,000 for bullish confirmation or a drop below $60,000 for bearish control amid ongoing geopolitical risks and macroeconomic uncertainty.
Santiment reports that Bitcoin and Ethereum held on centralized exchanges are near all-time lows, indicating fewer coins are immediately available for sale. This trend suggests holders prefer self-custody or staking, reducing near-term selling pressu...
Bitcoin and Ethereum supplies on exchanges have dropped to their lowest levels since 2017 and 2015 respectively, indicating a shift toward long-term holding and staking. This trend reflects growing investor confidence, possibly driven by institutiona...
Japan's prolonged yen weakness is driving more companies to adopt cryptocurrencies like Bitcoin and XRP as alternatives to holding cash. SBI VC Trade, a crypto exchange by SBI Holdings, reports increased corporate demand and a doubling of registered ...
Tether conducted a major burn of $2.5 billion USDT on the Ethereum network on July 7, 2026, reducing the circulating supply by about 1.3%. This burn was driven by large customer redemptions rather than a strategic move to reduce supply, as the USDT p...
Bitcoin and other major cryptocurrencies declined due to rising US-Iran military tensions, which boosted the US dollar and increased geopolitical uncertainty. The conflict led to higher oil prices and inflation concerns, prompting expectations of hig...
