Digital assets investment products saw outflows of $168 million last week, $146 million of which was for Bitcoin. It’s the largest weekly outflows total since March 2023, according to a report by CoinShares. CoinShares’ latest weekly report on digital asset investment flows shows that the market witnessed its largest funds outflows in nearly six months…
Stacks and Toncoin lead the bull cycle as global crypto market cap surge
Stacks (STX) has gained 18.43% today to trade at $0.5319 at press time. Toncoin (TON) has gained 15.51% today to trade at $1.74 at press time Bitcoin Cash (BCH) had jumped by 12.33% to trade at $216.57. The cryptocurrency market has turned green today with a majority of the top cryptocurrencies by market cap registering significant…
BREAKING: Bitcoin hits $28k after Grayscale win against SEC
Bitcoin price rose to highs of $28,142 on crypto exchange Bitstamp on Tuesday. The gains came as the crypto market reacted to news of Grayscale’s win against the SEC. Bitcoin price saw a huge spike in volatility on Tuesday afternoon as prices across the crypto market rose. The world’s largest cryptocurrency by market cap jumped…
Bitcoin could go higher but ‘not before it goes lower’: Wolfe Research
Rob Ginsberg says Bitcoin could go further down in the near-term. The Wolfe Research analyst explained why in a research note today. Bitcoin (BTC) has already lost more than 11% in about a month. Bitcoin has already lost more than 11% in about a month but a Wolfe Research analyst says a further price decline…
Bitcoin dropped below $26k in sudden crash: Will traders suffer more losses
Key takeaways Bitcoin dropped below the $26k level on Thursday, with traders losing nearly $1 billion in the process. Chancer’s stage two presale is now closing in on the $1.5 million mark. The cryptocurrency market has been extremely bearish since the start of the week. The prices of most cryptocurrencies are down by more than…
Prediction markets tokens rise as other tokens dip: Gnosis, Augur price outlook
Bitcoin has suffered its worst weekly percentage loss since the collapse of FTX. Some of the factors behind the dip include reports of SpaceX selling its BTC holdings and the Chinese property giant Evergrande bankruptcy filing. Top prediction markets tokens have maintained a bullish trend amid the crypto meltdown. In what has caught most crypto…
Bitcoin is not headed for new lows: Scott Melker
Wolf of All Street’s host Scott Melker is constructive on Bitcoin. He explained why in an interview with Yahoo Finance today. BTC has tumbled from $31,000 to $26,000 in about six weeks. Bitcoin is still a bull market despite the sharp sell-off in recent weeks, says Scott Melker – Host of “The Wolf of All…
Bitcoin price prediction: A very dangerous pattern is forming
Bitcoin price has formed a double-top pattern on the daily chart. It has also formed a bearish flag pattern on the four-hour chart. Bitcoin price remained in a tight range this week as concerns about the industry continued. The BTC/USD pair was trading at 26,000, where it has been in the past few days. Similarly,…
JPMorgan analyst says weakness in Bitcoin ‘appears to be at its end phase’
Nikolaos Panigirtzoglou is convinced that worst is behind us in Bitcoin. He agreed that there recently have been positive news in crypto market. Price of a Bitcoin has declined nearly 17% in less than two months. A JPMorgan analyst is convinced that the worst is behind us as far as the ongoing decline in the…
Recently listed Bitcoin Depot reports record revenue for its Q2
Bitcoin Depot reports an 18% annualised growth in its Q2 revenue. The Bitcoin ATM operator also updated its full-year guidance today. Bitcoin Depot stock is in the green only marginally on Monday. Bitcoin Depot Inc says its revenue jumped 18% to a record $197.5 million in the second quarter. The stock is still only marginally…