Bitcoin (BTC) sat near $77,000 today, clawing back part of a slide that took it under $76,500 earlier in the week after fresh US-Iran strikes spooked the markets. Analysts are now split on whether the dip was a shakeout before another push higher or the first sign of a deeper pullback. Traders Watch the $83,000 […]
The Smarter Web Company has bought an additional 35 BTC as part of its “The 10 Year Plan,” which includes an ongoing policy of acquiring Bitcoins for its treasury. The company spent around £2 million (which is worth approximately $2.7 million) on the latest purchase. With this, The Smarter Web Company’s total BTC stash has […]
Bitcoin continues to hover below $78K, but the absence of meaningful upside progress is becoming increasingly important. After the initial breakout impulse, repeated failures to challenge the $80K-$82K supply area suggest demand is losing strength, raising the probability of a deeper corrective move. Bitcoin Price Analysis: The Daily Chart The daily chart shows BTC transitioning […]
Bitcoin’s derivatives market is showing a curious split, with open interest falling nearly 4% since August 21, while funding costs for long positions have risen quickly. Analyst Axel Adler Jr. says that combination could leave BTC exposed to a long squeeze if traders start rebuilding leverage while maintaining an increasingly bullish bias. Falling OI Meets […]
Bitcoin’s rally from under $65,000 to over $81,000 faced its first major macro setback after Fed Chair Kevin Warsh delivered a hawkish message at Jackson Hole on Friday. The bigger question now is whether potentially higher rates and rising Treasury yields can derail the impressive market recovery. Although BTC remained relatively stable during the speech, […]
Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing the 95th percentile […]
A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to return about $140,400 (194 million won) after they sold BTC mistakenly credited to their account. The court ruled Thursday that the proceeds […]
Altcoins have taken a leading role in the latest crypto market rally, as trading activity and market capitalization surged alongside Bitcoin’s sharp move higher. This comes after an extended period of low volatility and subdued trading volumes. According to CryptoQuant analyst Darkfost, investor attention and capital have moved strongly toward altcoins, “potentially signaling a broader […]
Michael Saylor’s Strategy swung an unrealized loss of more than $9.5 billion to a paper profit above $4.7 billion in just seven days. The reversal follows Bitcoin’s climb from the low $60,000s to above $80,000 over the same week, turning the largest corporate BTC holder’s balance sheet from red to green. The Numbers Behind the […]
Bitcoin’s price revival that began last Wednesday culminated, at least for now, a few hours ago when the asset soared past $80,000 for the first time since mid-May and tapped a multi-month peak above $81,000. Analysts were quick to pick up the move and outline the next short-term targets of up to $88,000. BTC’s surge […]