Bitcoin recently dropped from its 200-day moving average near $82,400 to around $77,900 after failing to sustain a rally. This level is seen as a key test between a bear-market bounce and a true recovery. CryptoQuant attributes the decline to weakening demand drivers such as leveraged futures buying, spot demand, and U.S. spot bitcoin ETF inflows, with the Bull Score Index falling to an "extremely bearish" 20. Outflows from U.S. spot bitcoin ETFs and soft demand in the U.S., Korea, and Hong Kong suggest further downside risk, with $70,000 identified as the next major support level if the correction deepens.
SpaceX disclosed in its IPO filing that it holds over $1 billion in Bitcoin, with 18,712 BTC valued at $1.29 billion as of March 31. The company acquired these bitcoins at an average price of about $35,324 each. This disclosure confirms SpaceX's sign...
Leading cryptocurrencies including Bitcoin, Ethereum, XRP, and Dogecoin surged following President Donald Trump's remarks on Iran, which eased geopolitical tensions. Bitcoin broke through the $78,000 resistance level with increased trading volume, wh...
Zcash (ZEC) and Hyperliquid (HYPE) are showing strong bullish momentum with significant price rallies, driven by growing market interest in privacy assets and decentralized trading infrastructure. Meanwhile, Dogecoin (DOGE) and Shiba Inu (SHIB) face ...
Zcash (ZEC) has surged past $670, becoming the 13th largest cryptocurrency by market cap, despite a broader market downturn affecting major assets like Bitcoin and Ethereum. BitMEX co-founder Arthur Hayes mocked traders betting against ZEC, highlight...
Binance experienced a $1.2 billion outflow of stablecoins, including $1 billion in USDT, following a recent Bitcoin price drop. This movement suggests traders may be closing short positions or realizing profits, reducing near-term buying pressure on ...
