What happens on Thursday depends on whether bulls can get momentum back or bears try to bring Bitcoin (BTC) down even more. A crucial technical support level is around $70,500. The next course of action for Bitcoin will be decided by that. Meanwhile, institutional demand is reticent to grow BTC exposure, and market mood is cautious
Grayscale’s head of research Zach Pandl argued that Bitcoin’s technical solution isn’t the issue Pandl said that the community’s ability to decide on a course of action would be the real obstacle. If the Bitcoin community is unable to resolve certain tense problems, the chief researcher at Grayscale warns that resolving the quantum danger to
The rate of inflows into US-listed spot Bitcoin ETFs has picked back up, with the highest daily volumes seen in weeks. There had been over 615,000 Bitcoin transactions per day, the most since November 2024. Bitcoin network activity “just snapped higher after months of decline,” according to Monday’s assessment by CryptoQuant. A blockchain analytics provider’s
The company broke its weekly purchasing run of bitcoin at the end of March, the first time it had done so this year. The website of Strategy states that the company has purchased 762,099 BTC, with each coin costing an average of $75,694. Michael Saylor has dropped hints that his Bitcoin treasury is getting back
On a weekly timeframe, the MACD indicator suggested that Bitcoin’s most recent decline is about to turn around. Several analysts have pointed to important MACD parallels during Bitcoin’s two bear markets in the past, continuing the tendency. The US president’s conflicting signals over a possible agreement with Iran to reopen the Strait of Hormuz, together with
The company has started a waiting list for customers who want to be among the first to utilize its “Schwab Crypto” account. This follows remarks made by CEO Rick Wurster in July, when he said that Schwab intended to implement cryptocurrency trading “sometime soon.” Charles Schwab, a behemoth in the brokerage industry, intends to expand
According to Michael van de Poppe’s Friday X post, the breakout will be heavier if it lasts longer. ETF expert James Seyffart predicts that spot Bitcoin ETFs might eventually have more assets under management (AUM) than gold ETFs. A prominent crypto analyst has speculated that the extended consolidation of Bitcoin below $70,000 may be setting the stage
According to Circle, the asset’s primary goal is to provide institutions with a neutral, highly secure alternative to wrapped Bitcoin. The most popular wrapped Bitcoin token, wBTC, is offered by BitGo and has 119,157 tokens in circulation. Its market cap is at $8 billion. Circle, a stablecoin issuer, has announced its intention to offer a wrapped Bitcoin,
Bitcoin is currently trading near $70.3K. $249M in BTC liquidations hit the market. Bitcoin is currently trading in a key consolidation zone, referred to as a no-trade zone, between $65,636 and $70,685. This range has seen heavy activity, with over 1.72 million BTC exchanged. It makes it a strong area of both support and resistance.
Bitcoin came below renewed selling pressure after Federal Reserve Chairman Jerome Powell signaled a cautious stance on future price cuts, triggering a broader market pullback. The important cryptocurrency dropped more than 5% in 24 hours, taking from weekly highs above $74,000 as macroeconomic troubles weighed on investor sentiment. Fed Signals Drive Market Weakness The decline