The total cryptocurrency market cap fell to $2.29 trillion, down 8.7% over the past week due to macroeconomic concerns like persistent inflation and expectations of prolonged high interest rates. This environment has led to capital moving away from speculative assets like crypto into safer government bonds. Additionally, large liquidations of leveraged positions, especially in Bitcoin, accelerated the sell-off across major cryptocurrencies. Institutional investors have also reduced their net inflows into Bitcoin and Ethereum ETFs, weakening buying support. Key coins like Bitcoin, Ethereum, Solana, and Ripple all saw notable price declines, with technical support levels being tested. While the short-term trend is bearish, such corrections are typical in market cycles, and investors should watch institutional flows and regulatory updates for clues on the next move.
Bitcoin price hovered near $62,600 with long-term holders (OG investors) reducing their selling, easing some supply pressure near the key $60,000 support level. However, Binance inflows indicate ongoing panic selling with nearly $479 million worth of...
The Trump administration is pushing for the CLARITY Act, a crypto market structure bill, to pass before Congress's August recess. The bill aims to clarify rules on token classifications and institutional participation, potentially boosting Bitcoin an...
Robinhood Markets Inc. (HOOD) has recently diverged from its long-standing close correlation with Bitcoin's price, with Robinhood's stock rising while Bitcoin's price fell. This shift reflects Wall Street's growing focus on Robinhood's internal growt...
The US Dollar Index (DXY) recently closed above its 100-week moving average near 101.03 for the first time since May 2025, signaling potential trouble for risk assets like Bitcoin. This rise is driven by persistent inflation at 4.2% and the Federal R...
Bitcoin's price remains steady near $62,569 after a slight 0.45% decline, with whale wallets showing selective activity rather than broad selling. Ethereum also saw a minor drop to $1,670, while the total crypto market cap holds at $2.23 trillion. On...
