Bitcoin bounced back from its lowest level since September 2024, trading near $59,700 after dipping to around $58,100. Meanwhile, ether continued to decline, holding near $1,550, and U.S. equity futures showed signs of weakness. Market stress is evident as over $1 billion in leveraged futures positions, mostly longs, were liquidated in 24 hours, with bitcoin futures open interest rising sharply as traders increased short positions. Rising implied volatility and put option premiums indicate growing downside fears. Some altcoins like Aave and Solana bucked the trend with gains, but the overall crypto market remains under pressure amid cautious investor sentiment.
Bitcoin exchange reserves have climbed above the 200-day simple moving average for the first time in years, indicating a shift from scarcity to increased liquidity. This rise suggests more Bitcoin is becoming available on exchanges, which could lead ...
Bitcoin's price has dropped to the lowest valuation band in the rainbow model, trading 66% below its long-term trend price, signaling a potential accumulation phase but not a confirmed bottom. The current cycle duration is close to previous bottoming...
Institutional investors are showing renewed interest in Bitcoin, with analysts suggesting the market bottom may be near. Despite positive sentiment and regulatory moves by the CFTC and SEC, Bitcoin trading volumes have dropped to multi-year lows, lim...
XRP briefly fell below the key $1 level on August 16 before recovering to around $1.06 during a volatile session. Veteran trader Peter Brandt criticized XRP, stating he would convert a hypothetical 500,000 XRP holding into Bitcoin immediately, reflec...
Strategy's digital credit products outperformed Bitcoin during a 47% price drop over the past year, with the flagship STRC instrument gaining 9%. This resilience is attributed to an aggressive dividend policy offering 12% annual payouts and a diversi...
