Bitcoin's price recently fell close to its realized price, suggesting a potential market bottom. However, on-chain data shows a significant drop in Bitcoin demand, with a contraction of 652,000 BTC last week—the largest since January 2022. This decline in demand, including weak futures and ETF activity, indicates that investors remain cautious, likely postponing the market bottom and extending the bearish phase. As a result, Bitcoin's recovery may take longer than anticipated despite attractive prices.
X, led by Elon Musk, has introduced Big Charts, a new feature offering larger, real-time interactive charts for cryptocurrencies and stocks via its Smart Cashtag service. Available on iOS and web, users can view detailed market data for assets like B...
A Hyperliquid trader known as a "perma-bear" holds an 81% short position with a $2.7 million all-time profit, primarily from a $13.57 million short on the HYPE token, which is up $539,000. The trader also profits from shorts on Ethereum and Bitcoin. ...
Cryptocurrency prices are fluctuating with Bitcoin trading near $63,359, up by 0.98%, and Ethereum at $1,664, up 1.07%. Some altcoins like Monero (XMR) and LAB have seen significant gains of 8.72% and 18.75% respectively, while others like TRX and BE...
Matt Cole, CEO of Strive, describes the recent Bitcoin selloff as a mild bear market, highlighting strong fundamentals like growing institutional adoption and improved regulation. He expects Bitcoin to rise above $80,000 and possibly reach six figure...
SpaceX's upcoming IPO is predicted to value the company at $2.4 trillion, creating significant market volatility and a 'stress test' for Bitcoin's price. The IPO has driven increased trading interest in SpaceX-linked perpetual contracts, reflecting h...
