Bitcoin is approaching a key resistance level at $66,000, with net inflows to Bitcoin ETFs surging to $850 million in the first week of August, five times July's total. This increased demand could help Bitcoin break past this ceiling, potentially triggering a rise to $75,000 based on a bullish inverse head and shoulders pattern. However, challenges like macroeconomic headwinds, recent security exploits, and geopolitical tensions remain risks. If Bitcoin fails to break $66K, it may retest $60,000, but positive momentum indicators suggest a possible bullish breakout soon.
XRP reversed its decline against Bitcoin after five days, bouncing back from oversold conditions indicated by the RSI dropping to 25 before recovering to 35. This rebound suggests XRP might be regaining strength relative to Bitcoin, though the RSI re...
Hyperliquid (HYPE) spot ETFs reversed a three-week outflow trend by gaining $2.84 million in fresh inflows for the week ending August 7, after losing over $30 million between mid-July and early August. This turnaround comes amid cautious market condi...
Bitcoin is trading near $64,900, consolidating between strong resistance at $69,000-$70,000 and critical support around $57,000. Analysts note Bitcoin is following a bear-market pattern similar to 2022, where failure to hold $57,000 could lead to dee...
Bitcoin balances on major exchanges saw a daily net outflow of about 1,466 BTC, while weekly and monthly inflows remained positive, indicating short-term repositioning rather than a broad market shift. Binance trading volumes across Asia, Europe, and...
Bitcoin price hovered near $65,000 but failed to sustain above this level, facing resistance from sellers around the $67,523 short-term holder cost basis. This cost basis represents the average price paid by holders of coins less than 155 days old, c...
