Despite the current market downturn, Matt Hougan, chief investment officer at Bitwise, said recent conversations with more than 40 financial advisors showed that interest in crypto remains strong. But their focus has shifted beyond Bitcoin. In a recent blog post, Hougan said he spoke with advisory teams, who collectively manage more than $175 trillion, and […]
Bitcoin’s price is on the move on Sunday evening, jumping past $65,000 for the first time in approximately ten days. The impressive price jump came after US President Donald Trump confirmed on his social media platform that the deal with Iran, as promised yesterday, “is now complete.” Recall that the POTUS noted yesterday that Iran […]
Despite last week’s controversial developments on the war front between Iran, the US, and several other nations involved in the conflict, Donald Trump promised on his social media platform minutes ago that a permanent deal is expected to be announced tomorrow. Given bitcoin’s susceptibility to positive or negative news related to the war, the question […]
Bitcoin remains under significant selling pressure after losing a major higher-timeframe structure and breaking below several key support levels. While buyers have managed to defend the $60K region for now, both the technical and on-chain pictures suggest that the market is still in a vulnerable phase. A legitimate recovery requires BTC to reclaim several overhead […]
Bitcoin’s bear market is entering its final phase and could bottom out around the 2026 FIFA World Cup, which runs from June 11 to July 19, according to a June 12 report from BIT Research. Its main thesis is that a mix of technical patterns, weak market sentiment, and easing inflation pressure could set the […]
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 […]