Bitcoin recently surged to around $80,000, wiping out $35.6 million in whale orders and short positions, but now struggles to maintain that level. Analysts highlight that holding above $80,000 is crucial for Bitcoin to continue its upward momentum toward filling the $84,000 CME gap. Failure to hold this key level could lead to a pullback toward support zones between $75,000 and $79,600. The next resistance levels to watch are $81,000 and $82,000, with major supply zones much higher around $90,000 and beyond. The market remains at a critical juncture between support and resistance, with the potential for either a continued rally or a deeper correction.
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...
