Bitcoin's circulating supply has exceeded 20.07 million coins, reaching about 95.57% of its 21 million maximum. Despite this milestone, apparent demand remains negative, indicating that new coins are not yet fully absorbed by holders. Bitcoin trades near $63,000 within a $58,000 to $67,000 range, with key resistance at $65,000 and $67,000. U.S. spot Bitcoin ETFs saw $57.63 million in net outflows recently, showing mixed signals on demand. The supply milestone is symbolic due to lost coins and the gradual issuance schedule, with the final Bitcoin expected around 2140. Market watchers expect Bitcoin to trade sideways for now, awaiting clearer accumulation signals.
The total cryptocurrency market capitalization fell by 2.92% to $2.62 trillion as of midnight ET Monday, even though Bitcoin and four out of five other major cryptocurrencies posted gains. Bitcoin rose 0.77% to $78,420, Ether increased 1.17% to $2,29...
Bitcoin is currently 39% below its all-time high, with Ethereum down 55%, and meme coins like Dogecoin and TrumpCoin falling 90% to 99% from their peaks. In contrast, the S&P 500 is only about 3% below its record high, showing much smaller losses. Th...
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows totaling $432 million over five trading days from October 26 to 30, marking the fifth consecutive week of outflows. During the same period, Bitcoin (BTC) spot ETFs saw $...
The FBI has attributed the Binance hack to the North Korean group TraderTraitor, revealing that about $242 million in stolen funds moved through the Tron blockchain over two days. The funds were primarily routed through decentralized finance platform...
Bitcoin (BTC) has closed above its 50-week moving average for the seventh consecutive week, maintaining a positive trend despite a recent hack that resulted in over $6 billion stolen from a cryptocurrency exchange. This marks an extension of a six-we...
