Bitcoin's market dominance has increased even as its price dropped to around $63,000, signaling investors are favoring Bitcoin over riskier altcoins during uncertain times. Morgan Stanley's recent purchase of over $270 million in Bitcoin supports the trend of institutional confidence in Bitcoin as a safer asset. However, more than half of Bitcoin's supply is currently held at a loss, a condition often seen near major market bottoms, suggesting potential for further price pressure. For Bitcoin to strengthen its position, it needs to reclaim and hold key resistance levels around $64,000.
Grayscale Investments has filed with the SEC to rename its Grayscale Litecoin Trust as the Grayscale Litecoin Trust ETF, aiming to list it on NYSE Arca. This move would allow the trust to operate as a proper ETF with creation and redemption mechanism...
Ethereum experienced sharp price swings after briefly rising above $2,600 then falling near $2,400. Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase, raising concerns about potential selling. However, exchange supply of ...
A Coinbase engineer created an open-source project called Stonkfly that connects a simulated fruit fly brain to a Bitcoin trading system. Instead of using direct price data, the system interprets Bitcoin candlestick charts visually and rewards profit...
Bitcoin, Ethereum, and XRP are under pressure due to rising expectations of a Federal Reserve interest rate hike at the September 15-16 meeting, with an 86.5% chance of a 25 basis point increase. This would be the Fed's first rate hike in three years...
Chainlink's price has surged about 35% over the past month, driven by renewed institutional interest and upcoming U.S. policy events. LINK traded near $11 on September 12, with technical support at $11 suggesting potential for a breakout above $12. E...
