Bitcoin remains resilient above the $60,000 support level despite renewed macroeconomic fears triggered by geopolitical tensions and rising oil prices. Large investors, or whales, are increasing their long positions, contrasting with retail traders who remain bearish. However, Bitcoin's spot demand remains weak, indicating new supply isn't fully absorbed, making the market's next move dependent on whether demand improves. This dynamic suggests Bitcoin could either rebound strongly if whales continue accumulating and demand rises, or face a bull trap if demand stays low.
Dogecoin futures saw a notable increase in long positions among top traders on CoinGlass, rising to 73.96% in USDT-margined contracts, marking the largest day-over-day gain among major tokens. This suggests a tactical, short-term shift in risk appeti...
Bitcoin has formed a golden cross pattern, where its 50-day moving average crosses above the 200-day moving average, signaling a shift from bearish to bullish momentum. This technical indicator often precedes significant price increases, with past oc...
Analyst Andrey Poroshin from Bitbanker predicts Bitcoin will drop to around $60K in August due to a lack of macroeconomic support and passive Federal Reserve policy. The price is expected to recover to $70K later, despite this being below the U.S. mi...
Michael Saylor, co-founder of Strategy, clarified that the company's authorization to sell up to $5 billion in Bitcoin was part of a previously announced BTC Monetization Program from June, not a reaction to their Q2 loss. He emphasized that Strategy...
Cryptocurrency prices are fluctuating with Bitcoin trading around $62,908 and Ethereum near $1,868. Some altcoins like SHIB and META have seen significant gains, with SHIB up nearly 9.63% and META surging almost 40%. Other coins show mixed performanc...
