Galaxy Digital CEO Mike Novogratz attributes the recent Bitcoin price crash to a crisis of confidence triggered by significant unrealized losses at MicroStrategy and a shift in macroeconomic policies, particularly the Federal Reserve's hawkish stance and a stronger dollar. This combination has drained liquidity from the crypto market and increased skepticism among investors. Novogratz warns that Bitcoin is at a critical support level around $60,000, with potential to drop to $45,000 if this level fails. The future price movement remains uncertain, reflecting the complex market conditions.
Trump Media has canceled its plans with Crypto.com to create a publicly traded company for accumulating and staking Crypto.com's CRO token, citing changing market conditions and business priorities. The company is also dropping a separate Crypto.com ...
Bitcoin is trading around $64,941 with a slight increase of 0.8%, while Ethereum and Binance Coin also see modest gains. Some altcoins like Solana and Zcash show stronger positive movements, whereas others like XRP and Cardano experience declines. Th...
The U.S. Senate has postponed the vote on the Clarity Act to September 14 due to lack of consensus, stalling hopes for clear crypto regulations. This delay has left Bitcoin trading around $64,000, unable to break resistance near $66,000 despite $626 ...
Bitcoin's price recently climbed back above $65,000 but faces strong resistance in the $65K-$67K zone, which is crucial for determining its next move. Despite positive ETF inflows and some accumulation by long-term holders, buying pressure has not be...
Haider Rafique of OKX expressed skepticism that the Clarity Act, a key U.S. crypto market structure bill, will pass this year due to political dynamics ahead of the midterms. He noted that Democrats have little incentive to support a Republican-led c...
