High-net-worth crypto investors are focusing their purchases on Bitcoin and Ethereum, which together account for the majority of buying activity, reflecting a preference for liquidity and market stability. Meanwhile, several smaller altcoins show extreme oversold conditions with very low Relative Strength Index (RSI) readings, indicating potential short-term rebound opportunities. This split highlights a cautious market stance where large investors prioritize established tokens, while speculative interest grows in heavily sold altcoins that might bounce back if selling pressure eases. The market is balancing defensive positioning with tactical speculation amid ongoing volatility.
Crypto analyst Michaël van de Poppe suggests Bitcoin might reach $1 million this cycle by following a pattern similar to the late-1990s dot-com boom, which saw rapid growth followed by a sharp correction. Bitcoin currently trades around $81,000, abou...
Arthur Hayes, co-founder of BitMEX and CEO of Flop Labs, is creating Flop, a cryptocurrency designed specifically for AI agents to purchase computing power directly. Unlike stablecoins, which are not tied to computational work, Flop links token issua...
Bitcoin increased by 1.06% to $82,650 while the total cryptocurrency market capitalization fell by 2.59% to $2.77 trillion. All six major cryptocurrencies showed gains, led by Solana with a 1.69% rise. Bitcoin dominance remains strong at 60.2%, indic...
A Bitcoin wallet inactive since 2013 transferred 411.45 BTC, now worth about $34 million, to a new SegWit address, indicating a security upgrade rather than an imminent sale. The coins were originally acquired when BTC traded at around $131 and held ...
Global markets rose sharply on Monday following stronger-than-expected Chinese economic data and falling oil prices, which increased investor risk appetite. Bitcoin traded near $82,500, Nasdaq futures gained over 1%, and major Asian indexes like Japa...
