Bitcoin has finally reclaimed and broken above the key $64,360 resistance level, a zone that had capped price advances over the past several sessions. The chart shows multiple failed attempts to push through this level, making the latest breakout significant from a technical standpoint. The sequence of higher lows that
Elon Musk’s latest upgrade, Big Charts, is built on its Smart Cashtags service for stocks and cryptos. It comes with bigger real-time interactive charts for users to view various aspects such as movement in prices, volume of trades, % changes, and more. The assets for which one can see charts
The co-founder and CEO of Strategy, Michael Saylor, has made clear some facts related to the sale of Bitcoin by Strategy. This issue arose as a result of discussions among the cryptocurrency community about the decision of the Strategy to sell 32 BTC from their Bitcoin treasure. During the BTC
The crypto analytics company CryptoQuant suggests that Bitcoin’s price could be bottoming out about $53,600, while the experts at The DeFi Report are predicting that, despite the possibility of more drops, the current market circumstances are similar to purchasing opportunities during bear markets in the past. At the time of
Along with Bitcoin’s price drop to $62,000, on-chain activity has been poor and revenue for BTC miners have hit an all-time low. Given that Bitcoin is still controlled by miners and mining pools, which controls more than $110 billion, this income loss is making investors anxious about possible sell pressure. Just
Understand why investors no longer like Bitcoin spot ETFs. As of June 9th, the eleven spot ETFs’ combined net assets were at $77.58 billion. That was the level in early November 2024, just after President Trump’s victory. The US spot Bitcoin ETF witnessed $77.44M worth of outflows on June 9,
The cryptocurrency firm Galaxy Digital has reduced the likelihood that the Senate will adopt its measure to regulate the cryptocurrency market before the year ends. The firm has pointed out that legislators have a limited amount of time to act on the bill. The head of research at Galaxy, Alex Thorn,
After Monday’s admission of a minor BTC sale by Strategy (MSTR), the crypto markets continued to hemorrhage downward, with bitcoin (BTC) leading the pack. Bitcoin was trading around $69,000 an hour before U.S. stock markets opened on Tuesday morning, reflecting a 4.5% decline over the previous 24 hours. Although the
Financial services firm NYDIG’s head of research, Greg Cipolaro, speculates that last week’s $1.26 billion block transaction in BlackRock’s iShares Bitcoin Trust (IBIT) was probably a whale quickly getting out of a directional move. A mystery trader sold 29.2 million shares of BlackRock’s IBIT on Tuesday using dark pool, a private trading
Friday, Jamie Dimon, CEO of JPMorgan Chase, once again harshly attacked Brian Armstrong, CEO of Coinbase, and warned that legislators risk the current Clarity Act version failing if they do not address the concerns of conventional banks over stablecoin regulation. During an interview with Fox Business’ Maria Bartiromo, Dimon seemed
