John Bollinger, creator of Bollinger Bands, identified a fractal "W" pattern on Bitcoin's charts indicating a possible double-bottom recovery signal. After failing to sustain above $82,000 in May, Bitcoin corrected sharply and now trades around $61,556. This pattern suggests a key accumulation phase that could end the recent downtrend if Bitcoin consolidates above $65,000. However, ongoing capital outflows from crypto ETFs and concerns over interest rate hikes keep market sentiment cautious. The upcoming weekly candle close will be critical to confirm this technical setup.
Japan has reclassified XRP, Bitcoin, Ether, and about 100 other cryptocurrencies as financial products rather than payment instruments. This shift could lower tax rates on crypto gains from as high as 55% to a flat 20%, aligning crypto profits with s...
On August 4, spot ETFs for Bitcoin, Ethereum, and Solana recorded significant net inflows of $211.49 million, $53.75 million, and $1 million respectively, indicating growing investor demand. These inflows suggest positive market sentiment and could c...
London BTC Company Ltd has announced a rock chip sample from its Amonett-Frank project in Nevada grading 143.1 grams of gold per tonne, the highest grade recorded in its US exploration portfolio. The project covers historical mining sites and remains...
Bitcoin traded near $64,270 on August 5, showing limited gains despite record highs in global stock markets and falling oil prices. The cryptocurrency remains about 49% below its all-time high and faces resistance at $64,300, a key level for confirmi...
Jim Cramer announced plans to sell his Bitcoin holdings, citing concerns about the potential threat quantum computing poses to Bitcoin's security. This comes even as Bitcoin's price increased by 1.6%. The move highlights growing worries among investo...
