Bitcoin's price has fallen 48.37% from its all-time high, reducing the value of Satoshi Nakamoto's untouched Bitcoin holdings to about $71.19 billion from over $138 billion. This significant drop reflects the broader market downturn and low trading activity, with Bitcoin currently trading near levels last seen in September 2024. Market experts note that a sustained recovery is unlikely without increased participation and demand. Additionally, a recent Bitcoin Improvement Proposal (BIP 110) failed to gain miner support, indicating challenges for new network changes.
Bitcoin exchange-traded funds (ETFs) listed in the U.S. attracted $853.54 million in net inflows for the week ending August 7, marking the largest weekly inflow since mid-April. BlackRock's IBIT ETF accounted for the majority of this surge, drawing $...
Bitcoin's price fell marginally by 0.26% to around $64,800, while Ethereum edged up 0.09% to about $1,917, reflecting a cautious market mood. Crypto derivatives volume plunged over 51%, signaling reduced leverage and fewer short-term bets, while stab...
Zcash (ZEC) has broken a nine-year downtrend against Bitcoin (BTC), surpassing its 200-period moving average and ending a long phase of decline. This breakout suggests a fundamental shift in crypto market dynamics, with Zcash showing strength against...
The US Senate has postponed the floor vote on the CLARITY Act until September due to concerns about stablecoin impacts on banks and ethics provisions demanded by Democrats. The delay reflects ongoing debates over government officials' financial inter...
Bitcoin is approaching a critical resistance zone near $65,400 while holding above its weekly 200-day moving average around $63,800. Analysts warn that a brief push above $65,400 could trigger a pullback to support between $62,800 and $63,300, but a ...
