Affluent crypto investors are concentrating their holdings in Bitcoin, Ethereum, and XRP as market volatility drives a risk-off approach. These top cryptocurrencies dominate portfolios due to their liquidity and brand strength, while many altcoins remain oversold and struggle to attract steady investment. Technical indicators show some altcoins with very low Relative Strength Index (RSI), signaling potential short-term rebounds, but caution remains due to ongoing bearish trends and thin liquidity. The market currently shows a split between defensive positioning in major assets and opportunistic interest in deeply sold-off altcoins, with future recovery depending on renewed liquidity inflows.
Bloomberg Intelligence strategist Mike McGlone predicts that Tether (USDT), a dollar-backed stablecoin, may soon overtake Bitcoin as the largest cryptocurrency by market capitalization. This shift is driven by macroeconomic tightening, which favors s...
Major cryptocurrencies fell this week as investors favored AI-related stocks, with Dogecoin and Hyperliquid's HYPE dropping about 10%. Bitcoin was more resilient, dipping 5.3% but quickly rebounding from lows near $58,000 due to aggressive buying. Cr...
Ripple CEO Brad Garlinghouse criticized Michael Saylor’s Strategy for using preferred stock financing to buy Bitcoin, arguing this approach fails to create lasting value. He emphasized that long-term value in crypto should come from real-world utilit...
Bitcoin has seen about $1.8 billion in liquidations recently, mostly from long positions, following a price drop from around $60,000. This deleveraging could clear the way for renewed momentum if spot demand returns, supported by easing macroeconomic...
Bitcoin recovered to around $60,000 on June 26, ending a steep two-day decline of nearly $4,500. Despite this rebound, the cryptocurrency remains down over 30% year-to-date, reflecting a prolonged but mild bear market that started in late 2025. Histo...
