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.
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
Flare Networks CEO Hugo Philion announced plans to extend the FAssets system, currently supporting XRP, to Bitcoin through a wrapped FBTC token. This move aims to attract institutional investors by using confidential computing technology to keep larg...
Ethereum (ETH) is trading around $1,881 after a recent 4.24% drop, maintaining demand despite short-term pullback. It faces critical support between $1,850-$1,870 and resistance near $1,900-$2,000, with whale traders split between longs and shorts, i...
Institutional investors are increasingly allocating capital to Ethereum (ETH) spot ETFs, with recent inflows totaling around $96 million over three days and an additional $9.23 million on July 27. This shift contrasts with Bitcoin (BTC) funds, which ...
Bitcoin trades near $63,400 with exchange reserves dropping by 78,000 BTC over six months, signaling holders prefer self-custody over selling. Macro pressures from Federal Reserve rate hike risks, weak tech stocks, and stalled U.S. Clarity Act slow r...
