The Bitcoin Rainbow Chart projects that Bitcoin's price could range from about $59,136 to $491,369 by May 31, 2026, depending on market conditions and cycle strength. The chart uses colored bands to indicate market sentiment, from deep undervaluation to bubble territory. Currently trading near $78,200, Bitcoin is close to the 'BUY!' band, suggesting relatively flat growth in the near term. However, under stronger bullish cycles, Bitcoin could reach levels above $173,000 or even approach the maximum bubble territory near $491,000. Technical indicators show Bitcoin has short-term momentum but has yet to fully reclaim a long-term bullish trend, leaving room for potential upside if momentum strengthens.
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
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...
