Bitcoin broke above $107,000 on Monday in a notable respite and kept climbing to $110,500 on Tuesday morning, following last week’s turbulence sparked by the Trump-Musk fallout. The latest on-chain data now suggests that the crypto asset may be preparing for its next upward move, as several key indicators reflect growing bullish sentiment. Bitcoin Demand […]
Last week’s weak PMI reports showed manufacturing activity contracting for a third month in a row and services activity shrinking for the first time in 11 months. Additionally, crypto markets have settled a little following the volatility in the wake of the spat between US President Donald Trump and tech billionaire Elon Musk late last […]
Over the last 48 hours, millions of dollars have been liquidated in the cryptocurrency market due to tensions between U.S. President Donald Trump and billionaire businessman Elon Musk. Their public dispute has caused markets to end the week on a bearish note. However, a weekly report from the cryptocurrency exchange Binance indicates that investors are […]
Around 30,700 Bitcoin options contracts will expire on Friday, June 6, and they have a notional value of roughly $3.2 billion. This week’s event is much smaller than last week’s end-of-month expiry, so the impact on spot markets is likely to be minimal. They have already tanked by $150 billion over the past twelve hours. […]
Bitcoin climbed to a fresh peak in May, but upward momentum slowed as long-term holders began locking in profits. Its price has remained relatively stable this week, fluctuating within a narrow range of $103,000 to $106,000. At the time of writing, the crypto asset trades below $105,000, which represents a minor decline over the past […]
Bitcoin continues to consolidate near its all-time highs. As market participants remain cautious, fresh accumulation activity is stirring among major wallet clusters. In fact, a new wave of whales – wallets holding at least 1,000 BTC with coins aged under six months – has emerged, and these have been accumulating at an unprecedented rate. New […]
“Something strange is happening with this Bitcoin cycle,” said analysts at BTC financial services firm Swan on X on June 5. We should be in the final year of the four-year trend, but corporations are buying more than ever, they said, adding that the asset price is “boring people.” While Bitcoin typically experiences explosive growth […]
As Bitcoin hovers near its May high, new data suggest that there has been a tightening the leading crypto asset’s supply amid surging institutional demand. Sygnum Bank’s June 2025 Monthly Investment Outlook attributes the asset’s positive momentum to its growing appeal as a safe haven and broader institutional adoption, which are now driving a structural […]
“Now is a bad time to take paper bets on BTC,” said technical analyst Willy Woo on June 2. He said it was “open season on liquidation hunts due to high levels of betting,” before adding that Bitcoin was “waiting to purge the bets before the next swing of all-time-highs.” Paper bets are generally crypto […]
Bitcoin has faced notable selling pressure at the $111K range, leading to a bearish rejection. Nevertheless, the price lacks sufficient bullish momentum and a deeper correction seems plausible in the mid-term. Technical Analysis The Daily Chart Following its breakout above the previous all-time high at $109K and printing a new peak at $111K, Bitcoin met […]