A prominent Bitcoin trader closed a large short position of 700 BTC with a nearly $2 million loss just before Bitcoin surged past $81,000, its highest since January 31. This move helped the trader avoid further losses amid a market where $130 million in short bets were liquidated in 24 hours. Despite the spike, many traders remain bearish, but analyst Ali Martinez sees strong structural support around $83,000, predicting potential rises to $89,000 and $94,000. Bitcoin was trading around $80,691 at the time of reporting, signaling continued volatility and interest in the crypto market.
Sui (SUI) cryptocurrency fell 8.76% over the past week, pressured by upcoming token unlocks totaling 13.72 million tokens on August 1, which may increase supply and selling pressure. The market shows short-term bearish sentiment with declining open i...
Crypto analyst Kevin Capital suggests Bitcoin could fall to $44,000 but recommends starting gradual purchases now rather than waiting for the exact bottom. He notes Bitcoin is in a typical bear-market bottoming phase from July to October and has alre...
Ethereum's price strength against Bitcoin has hit its highest level in three months, signaling a possible uptrend. Analysts highlight a breakout above key resistance levels and bullish chart patterns suggesting further gains. Short-term targets near ...
Bitcoin whales have increased their accumulation to the highest level seen in five months, according to onchain data from CryptoQuant. This surge indicates a significant divergence in behavior among large holders, which could impact market dynamics. ...
Bitcoin remained stable around $65,000 even as AI-related tech stocks, including Nvidia, fell sharply. Analysts say the upcoming Federal Reserve decision and key economic data will be critical in determining whether Bitcoin breaks above $67,300 to st...
