Bitcoin remains resilient near $70,000 despite rising geopolitical tensions after failed U.S.-Iran talks, which pushed oil prices higher. Analysts see $70,000 as a critical support level, with some forecasting a rise to $88,000, while others warn of a drop to $66,000 before recovery. Meanwhile, speculative activity in smaller tokens like RAVE, which surged over 3,400% in a week, signals lingering market froth and insider-driven pumps. Additional concerns include recent hacks and controversies in DeFi projects, which may undermine confidence in a sustained crypto market bottom despite Bitcoin's stability.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
