Bitcoin's recent price gains in July appear fragile due to weak demand in the U.S., indicated by a negative Coinbase Premium for 50 days and continuous outflows from U.S. spot ETFs. Rising bond yields in Japan and other major economies add pressure, potentially hindering Bitcoin's recovery. Analysts emphasize that sustained inflows into Bitcoin ETFs, especially BlackRock's IBIT, are crucial for a stronger institutional bid. Market watchers suggest reclaiming the $64,000 price level could improve sentiment, but overall demand remains uncertain amid these challenges.
Bitcoin's daily transactions have surged to an average of 673,822, the highest in its 17-year history, nearly doubling last year's volume. This rise is driven by increased small transactions and new uses like Bitcoin NFTs and timestamping, showing gr...
Bitcoin Suisse has obtained a financial services license from Abu Dhabi Global Market (ADGM), allowing it to offer regulated crypto services in the UAE. This license marks a key step in the firm's Middle East expansion, providing access to institutio...
More than $430 million in leveraged crypto positions were liquidated in the past 24 hours as Bitcoin remained steady around $102,000 while major altcoins like Ethereum, Solana, and XRP declined. The liquidations, concentrated mostly in Bitcoin and Et...
Bitcoin price remains above $63,000 following a nearly 10% rebound driven by expectations of Federal Reserve rate cuts and renewed institutional demand. Technical resistance near $64,000-$65,000 limits further gains, while support holds around $61,00...
The Altcoin Season Index remains at 47, indicating a neutral market phase where Bitcoin continues to dominate with 58.1% market share. Although some altcoins like Ethereum show modest gains, the overall altcoin rally lacks breadth to confirm a full a...
