Bitcoin has started a strong recovery, with its price rising 24% since August 17 to $80,000, the highest since mid-May. CryptoQuant founder Ki Young Ju declared the Bitcoin bear cycle over, supported by bullish market indicators and increased demand. Key factors include the U.S. Treasury's plan to double bond buybacks and hints of potential Bitcoin purchases by the U.S. government. While optimism grows, some short-term risks remain due to high unrealized profits and increased exchange inflows, with confirmation of the bull market requiring a close above the 365-day moving average near $83,000.
Cryptocurrency prices exhibit varied changes, with Bitcoin trading above $80,000, reflecting a 2.05% increase. Solana leads notable gains with a 9.26% rise, while other coins like Ethereum and XRP show moderate increases. These fluctuations highlight...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $80,000, up 1.69%, and Ethereum steady near $2,500. Solana leads gains with an increase of nearly 11%, while VeChain also shows strong growth at over 15%. These movements...
Bitcoin options with a notional value of about $6.4 billion are set to expire on August 28, 2026. This large expiry could influence market positioning and volatility, though the actual impact on Bitcoin's price depends on factors like strike distribu...
Bitcoin has defied its usual August trend by climbing over 25% this month, with selling pressure from short-term holders easing and buying interest, especially from U.S. investors, increasing. This surge has pushed Bitcoin back toward the $80,000 mar...
Cryptocurrency markets saw mixed movements with Bitcoin rising nearly 2% to above $80,000, signaling strong investor interest. Ethereum and Binance Coin also posted moderate gains, while Solana surged almost 13%, highlighting growing momentum in cert...
