bitcoin
* Bitcoin price surges past $65,000, reaching a seven-day high of $64,300. - The increase is attributed to China's economic stimulus measures and positive market sentiment. * Over $100 million in short positions were liquidated as a result of the price jump. * Other major cryptocurrencies like ether and
bitcoin
* Bitcoin ETFs in the US have not lived up to the hype and are still a "small tourist tool." * Recent outflows, losses for holders, and lack of institutional investment indicate the market needs more time to mature. * Over $1 billion in net outflows from US Bitcoin ETFs in
bitcoin
* The low order book liquidity suggests a potential bull reversal. * Negative funding rates indicate a potential short squeeze. * The market is moving into a positive macro environment for Bitcoin. * Market depth drying up is a pattern observed at market turning points. * Low liquidity in the order book often coincides with
bitcoin
* US Federal Reserve research shows that the rate of cryptocurrency ownership has not increased despite the recent growth in the crypto market. * The Consumer Finance Institute found that crypto ownership decreased during the 2022 bear market and did not increase significantly during the market recovery. * Interest in future crypto purchases
bitcoin
* The Ethereum Foundation plans to release a financial report soon, addressing community concerns about its spending. * The foundation spends around $100 million per year and currently holds about $650 million in its main Ethereum wallet. * The budget strategy is to spend 15% of remaining money each year, providing a financial
bitcoin
* Bitcoin traders show mixed reaction in derivatives market after Jackson Hole symposium. * Increased buying of call spreads indicates optimism for future price increases. * Significant selling of Bitcoin call options with $100,000 strike price suggests caution for immediate price surge. * Volatility indicators show shift toward put options, reflecting concerns about
ethereum
* US gov wallet transfers 300 ETH to address ending in “d46” on Aug. 5. * Wallet balance now $0, funds from US government seizure. * ETH price drops post-ETF launch due to lack of demand. * 130,000 ETH sold, causing price to drop to $2,100 on Aug. 5. * Ethereum ETFs see
ethereum
* ETH MVRV rising faster than BTC MVRV, indicating potential overvaluation. * Ethereum's MVRV up 29.9% in 30 days, reaching 91.43% compared to Bitcoin's 127.41%. * High MVRV suggests potential overvaluation, but ETF trading may support prices. * Analyst predicts Ether to reach $10,000 by end
bitcoin
* Bitcoin and ether fell by around 1% over 24 hours. * Bitcoin dropped to just below $66,000, near the low end of its trading range. * U.S.-listed bitcoin miners reached a record market cap of $22.8 billion. * The Financial Stability Board will further examine challenges posed by stablecoins.
bitcoin
* Analysts predict increased market volatility due to upcoming macroeconomic events. * Crypto market downturn after strong U.S. jobs data impacts meme stocks and alternative tokens. * Bitcoin and ether stable over the weekend with low trading volumes post-leverage flush. * Market volatility expected to return with CPI release, FOMC meeting, and Yellen&
analysis
According to a report by Bloomberg, an analysis co-developed by Visa has found that over 90% of stablecoin transaction volumes are not coming from genuine users. Out of the total $2.2 trillion in transactions in April, only $149 billion originated from "organic payments activity." The analysis removed
bitcoin
Analysts at Bernstein have reiterated their prediction that the price of bitcoin will reach $150,000 by the end of 2025. They believe that despite a recent pullback in price, bitcoin is still in the early stages of a healthy cycle. The analysts point to several positive indicators, including the