The crypto market has rebounded strongly, with Bitcoin rising 10% and Ethereum up 12% over the past eight days, driven primarily by Japan's new regulation classifying cryptocurrencies as official financial products. This move boosts institutional confidence and has helped push the total crypto market cap up by nearly 3% to $2.47 trillion. Bitcoin is currently testing a key resistance zone around $72,000–$76,000, with potential to reach $85,000 if it breaks above. Ethereum and XRP are also showing signs of recovery, though short-term pullbacks are possible. Investors are watching closely for the SEC's CLARITY Act roundtable on April 16, which could influence market momentum.
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'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
