Bitcoin is undergoing a notable pullback, recently touching the $115,000 level after failing to break above its all-time high at $123,000. The correction, now nearing 6%, is starting to weigh on short-term investors who entered during the recent rally. Market sentiment shows signs of unease as volatility returns to the spotlight. Adding to the pressure,…
Bitwise Chief Investment Officer Matt Hougan says the long-observed four-year crypto cycle may no longer apply to the current market. In a recent discussion with Bitcoin advocate Kyle Chassé and Bloomberg ETF analyst James Seyffart, Hougan argued that the historical pattern is breaking down, and a longer, more sustained growth phase could be on the…
Data shows the Bitcoin Open Interest shot up to a new all-time high (ATH) even as the cryptocurrency’s price saw a retrace to $115,000. Bitcoin Open Interest Has Gone Against The Price Trend As explained by an analyst in a CryptoQuant Quicktake post, the Bitcoin Open Interest has witnessed a sharp surge alongside the latest…
The Bitcoin price action remains caught in a tug-of-war between bearish and bullish sentiment, with the cryptocurrency now forming a descending triangle pattern that has encountered significant resistance at the trendline. Currently, the Bitcoin critical support zone lies between $115,000 and $116,000, where bulls have mounted a strong defense. This resilient support has sparked optimism…
Bitcoin’s recent powerful rally may have slowed down, but the crypto king continues to show the potential for an upward trend continuation. Following the remarkable upsurge in BTC’s price over the past few weeks, its net realized profits have increased sharply, leading to a significant wave of profit-taking. A Notable Rise In Bitcoin Net Realized…
Strategy (formerly MicroStrategy) announced Friday that it will sell 28 million shares of its Series A Stretch Preferred Stock at $90 each in its initial public offering. The transaction is expected to close on July 29. Strategy said it estimates net proceeds of approximately $2.474 billion after underwriting discounts and estimated offering expenses. Strategy announces…
The Smarter Web Company has purchased an additional 225 Bitcoin for £19.6 million ($26 million), bringing its total holdings to 1,825 BTC worth approximately $216 million as corporate cryptocurrency treasuries continue expanding across global markets despite recent volatility. The London-listed technology company acquired Bitcoin at an average price of £87,096 ($118,076) per coin, achieving a…
Over the past 24 hours, the cryptocurrency market capitalization has dropped by another 5.1%, moving further away from the recently reached $4 trillion, now standing at $3.84 trillion. Overall, the market is down today. The majority of the top 100 coins per market capitalization are still red since yesterday. At the same time, the total…
Bitcoin’s old four-year rhythm has been upended, according to CryptoQuant CEO Ki Young Ju. He argued on Thursday that the crypto’s cycle is no longer in existence, driven out by big players stepping in. His latest comments follow a public rethink after he called a market top just a few months ago and got it…
Bitcoin is undergoing a notable pullback after trading within a tight consolidation range for the past two weeks. The price has dropped approximately 6% from its recent all-time high of $123,000, sparking increased volatility and growing debate among analysts. This correction, while still within historical norms, has prompted deeper reflections on market structure. Amid the…