This week’s Bitfinex Alpha report has revealed that bitcoin usually has a five-to-six-month bear market window where it trades below the Short-term Holder Realized Price. The fifth and sixth months mark the final phase of the period, after which the asset experiences a broader recovery. July marks the fifth month in this bear phase window, […]
Corporate treasury demand remains one of Bitcoin’s most important structural sources of support, but experts suggest that the market is no longer treating it as a permanent, price-insensitive floor. Instead of focusing solely on how much BTC companies hold, QCP Capital stated that investors are increasingly evaluating whether the funding conditions behind those holdings can […]
On-chain data has confirmed that June was a painful month for bitcoin (BTC), but beyond the price weakness, both spot demand and institutional flows faltered. Due to last month’s performance, there is speculation that the market may be nearing a cyclical bottom, but this remains unconfirmed. In the meantime, analysts at the crypto exchange Bitfinex […]
Ripple’s Chief Legal Officer Stuart Alderoty has criticized Politico over its interpretation of a recent opinion poll, where the publication framed support for crypto legislation as “only 27%,” arguing that the figure actually represents 67 million American adults who already own digital assets. According to him, that same percentage cited as a sign of weak […]
Bitcoin is showing “early signs of stabilization” as the price momentum exits an extreme negative regime, reported analytics firm Swissblock on Tuesday. It added that on-balance volume (OBV) is also starting to support the regime shift and “recovery begins with momentum, but a new trend requires buyers to follow.” OBV is a momentum indicator that uses […]
The Bitcoin treasury company Strategy offloaded 3,588 BTC last week for approximately $216 million. The asset briefly plunged below $61,500 before recovering quickly. While the sale initially drew attention, the decision to sell more of the cryptocurrency could be a positive step that strengthens confidence in the company’s financing structure, according to Grayscale Research Head […]
The last trading day of the previous business week finally brought some more net inflows rather than consistent outflows for the spot Bitcoin ETFs in the United States. The products tracking the world’s largest altcoin had even more to celebrate at the end of the week, but still closed in the red. The Good and […]
Several major South Korean companies have said they have not formally joined the newly announced Open USD (OUSD) consortium, despite being listed among its participating organizations. Open Standard, the independent entity behind the stablecoin, previously said it had assembled over 140 businesses to launch OUSD, a dollar-pegged stablecoin, later this year. Korean Companies Push Back […]
Around 31,000 Bitcoin options contracts will expire on Friday, July 3, with a notional value of roughly $1.9 billion. This event is much smaller than last week’s big end-of-quarter expiry, so there is unlikely to be any impact on spot markets. Crypto markets have been flat for most of this week but picked up on […]
Nearly one year after CNBC’s “Mad Money” host Jim Cramer grouped Palantir (PLTR), Applovin (APP), Robinhood (HOOD), and Coinbase (COIN) into the “PARC” basket, three of the four stocks have either fallen or gone nowhere. At the time, many in the industry felt that cross-stitching the four into one word meant that Cramer was feeling […]