Gareth Soloway, chief market strategist at Verified Investing, warns that Bitcoin is forming a bear flag pattern that could lead to a 38% price drop to around $50,000. He also notes that the S&P 500 is showing warning signs similar to those seen during the dot-com bubble peak, suggesting a late-stage bull market. Soloway has pushed his recession forecast to 2027, citing strong AI spending by major tech firms as a growth driver. He remains cautious on stocks and Bitcoin, favoring natural gas as a near-term buy due to its potential breakout above $2.88. The strategist highlights structural challenges for crypto, including regulatory issues and shifting investor interest toward AI and semiconductors.
U.S. spot Bitcoin ETFs experienced $526.64 million in net outflows from June 29 to July 2, marking eight straight weeks of withdrawals as institutional investors reduce exposure amid market uncertainty. Despite this, Bitcoin remains above the $60K su...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cryptocurrency prices showed a general downward trend, with Bitcoin trading near $61,955, down 1.12%, and Ethereum at $1,747.46, down 0.88%. Other major coins like Binance Coin and Cardano also saw declines, while a few tokens experienced minor gains...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
