Bitcoin traded near $77,173 as ETF outflows in US spot products exceeded $352 million, showing weakening institutional demand. The Crypto Fear and Greed Index dropped sharply from 62 to 31, indicating a shift from greed to fear among traders amid macroeconomic uncertainty. Futures open interest declined, reflecting reduced leverage and cautious positioning, while the Coinbase Premium stayed negative, signaling weaker US demand compared to global activity. Technical indicators suggest Bitcoin could fall toward $70,000 support if selling pressure increases, though a breakout above resistance could target $85,000. Overall, market sentiment and liquidity conditions point to a fragile short-term outlook for Bitcoin.
Ethereum is gaining attention as BitMine, an Ethereum treasury company, continues to accumulate and stake ETH, now holding about 4.8% of Ethereum's total supply. Meanwhile, Michael Saylor's Strategy sold some Bitcoin to fund dividends, challenging th...
Strategy, Michael Saylor's Bitcoin firm known for its 'hold forever' approach, sold $225 million worth of Bitcoin, sparking criticism from Bitcoin skeptic Peter Schiff. Schiff estimates the sale caused a realized loss of $54 million, as the firm sold...
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
U.S. spot Bitcoin ETFs experienced $526.64 million in net outflows from June 29 to July 2, marking eight straight weeks of withdrawals as institutional investors reduce exposure amid market uncertainty. Despite this, Bitcoin remains above the $60K su...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
