A outstanding Ethereum (ETH) evangelist is decoding the cryptocurrency’s current sharp decline as a helpful pause somewhat than a bearish reversal. Tom Lee of Fundstrat sees the drop towards $4,150 not as a motive for alarm, however as a “wholesome” growth that might set the stage for a run towards $5,100. A Strategic Pullback Earlier…
Bitcoin is presently hovering a bit of above $115K. Amidst the market turbulence, an essential cohort of BTC holders is behaving like impatient merchants. Whereas they lack multi-cycle expertise and regularly capitulate, such a development might spur renewed market energy post-drawdowns. BTC Holders Behaviours A brand new evaluation discovered that Bitcoin holders within the 3-5…
Ethereum’s value could have hit a wall at $4,800, however new analysis reveals that the main altcoin is at the moment in a full transition part, as its monetary property and supreme market definition are nonetheless forming. A lot of this evolution will rely on regulatory readability, notably in america, the place proposed laws such…
The highest cryptocurrency’s short-term holders are as soon as once more realizing losses, mirroring the same occasion from earlier within the 12 months. Right here’s CryptoQuant’s view on the matter and the potential impression. Brief-Time period Losses Bitcoin’s short-term holders (cash held for about 5 months or much less, or lower than 155 days) have been selling…
Crypto markets have corrected by 7.3% with $340 billion leaving the area since their all-time excessive on August 14. Bitcoin has led the losses, retreating 7.5% from its peak value, whereas Ethereum has misplaced 10% from its 2025 excessive, having did not notch a brand new peak. “Outstanding how each time you get a correction…
After a larger period of consolidation, Ripple’s XRP may be gearing up for a breakout against Ethereum (ETH), according to a leading analyst. He says that market structure and trading patterns show XRP’s prolonged consolidation period could soon yield to a powerful upward move, coinciding with a potential pause in ETH’s recent uptick. XRP’s Long…
Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy. The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more than the $5.88 billion in Bitcoin…
Last week, digital asset investment vehicles recorded $3.75 billion in inflows, their fourth-highest figure historically, in what appears to be a recovery from the subdued momentum of previous weeks. Interestingly, the surge was almost entirely tied to iShares and one particular product under its umbrella. With market prices pushing higher, total assets under management (AuM)…
The blockchain focused on user privacy saw one of its mining pools take over the network’s hash rate. No damage has been reported yet, but history suggests that extensive losses could occur once the harm has been done. Taking Over Control The cryptocurrency exchange Kraken has temporarily stopped Monero deposits to the platform due to…
Thailand will launch a new scheme on Monday, August 18, to allow foreign visitors to convert cryptocurrency into Thai Baht for payments within the country. The initiative called “TouristDigiPay” is a direct response to a significant slowdown in tourism, primarily due to a decline in tourists from China, on which the country relies heavily, according…