Bitcoin miners are facing growing financial strain as falling prices and shrinking revenue push several key industry indicators into what analyst Axel Adler Jr. has described as a “stress zone.” But while the pressure is building, the data suggests that the market has not yet reached the collapse-level extremes seen in 2018 or 2022. What […]
Bitcoin’s price experienced a noteworthy uptick over the past hour or so, jumping from $62,300 to a multi-day peak of $63,700. At the same time, oil prices dropped hard from over $91 to under $87 within minutes. The main culprit for this is US President Donald Trump’s statement from less than an hour ago that […]
The bullish impulse of the Bitcoin market has exhausted itself, and bitcoin has now entered a distribution phase. This can be seen in investors increasingly selling into strength rather than increasing their exposure. According to this week’s Bitfinex Alpha report, both flow data and on-chain dynamics indicate that BTC has transitioned out of the accumulation […]
Iran has declared the Strait of Hormuz closed after the US launched additional strikes on Thursday. The Iranian military command announced the closure of the key waterway, saying any vessel attempting passage will be shot at, according to Reuters. US Central Command (CENTCOM) reported that it had launched strikes on Iranian military surveillance capabilities, communication […]
Bitcoin (BTC) staged a late Sunday rebound following several days of downward price action, though signs suggest the market has not reached a true recovery. Doctor Profit believes the crypto asset has moved into Stage 5 of his six-stage bear market framework, a period marked by intense emotional pressure. Biggest Bear Market Trap According to […]
“Is Bitcoin flashing bear market continuation, or an early bull market reset?” asked Fidelity Digital Assets on Tuesday. The asset manager noted that BTC has been in a death cross for more than 200 days, with the price briefly breaking below the 200-week moving average over the weekend. “Notably, sustained breaks below this level have […]
It’s safe to say that the cryptocurrency market has seen better days. In fact, such days were promised by the current US President, Donald Trump. And, for some time, they were here. Now, though, we are far behind, with the prices of almost all digital assets trading below his inauguration day and even lower than […]
Ethereum has emerged as the blockchain with the largest number of holders, far ahead of Bitcoin. Data on non-empty wallets shows that Ethereum has around 189.49 million holders, which is more than three times Bitcoin’s 59.08 million. Network Growth vs Market Performance The figures, shared by the head of research at Lisk, analyst Leon Waidmann, […]
The past week or so has been nothing short of a bloodbath in the cryptocurrency markets, with bitcoin plummeting to $59,000 on Friday for the first time in 19 months. Aside from losing more than $20,000 in approximately three weeks, BTC’s calamity dragged almost all altcoins. This has intensified the pressure on the largest corporate […]
Friday was a brutal day for essentially all financial markets, even though the only notable news that went live was positive, as the US saw the strongest jobs report in a year and a half. The analysts at the Kobeissi Letter tried to simplify what transpired and explain why markets reacted in such a painful […]