Bitcoin's price dropped sharply by nearly $3,000 on July 31, falling to $62,236 and wiping $40 billion off its market cap. This decline led the total crypto market cap to fall from $2.33 trillion to $2.22 trillion, with most altcoins also losing value except Cardano (ADA), which surged 15.3%. The drop reflects ongoing volatility influenced by the Federal Reserve's interest rate decision, geopolitical tensions in the Middle East, and uncertainty around the U.S. Senate's CLARITY Act. Market participants hope the act's passage before the Senate recess could spark a rally, but current conditions keep price recovery prospects cautious.
Bitcoin's price has dipped to just under $83,000, testing the bottom of its current trading range. Technical indicators suggest the price is oversold and a bounce is likely, but a breakdown below support could lead to a deeper correction. The key sup...
A wallet linked to Wintermute has built $126.25 million in short positions on Hyperliquid, with Ethereum short exposure at $46.92 million, followed by Solana and HYPE positions exceeding $10 million each. These shorts come as major cryptocurrencies l...
The Conference Board will release the September Consumer Confidence Index (CCI) on September 29, with a forecast of a slight rise to 90.0 from August's 89.4. The CCI reflects consumer optimism about the economy and influences spending and economic ac...
Bitcoin's price fell about 1.5% to near $83,000 following an unexpected Oval Office announcement by President Trump, whose topic remains unknown but is speculated to involve Iran. This announcement kicks off a critical week for Bitcoin, which also in...
In March 2025, President Trump signed an executive order establishing Bitcoin as a strategic reserve asset for the US government, consolidating about 328,000 BTC mainly from seizures and forfeitures. However, the order did not allocate taxpayer funds...
