Bitcoin’s latest recovery toward $69,700 is unfolding with almost no change in futures open interest, a pattern CoinGlass says fits a range-bound, leverage-heavy market rather than the start of a durable bullish trend. Summary CoinGlass notes that open interest rose as Bitcoin fell to about $68,750, signaling shorts adding into weakness, then barely changed during…
Bitcoin’s mining difficulty is set to drop about 7.5% tonight, the sharpest fall since the 2022 bear, as hash rate leaves the network and miner margins get relief. Summary CoinWarz estimates difficulty will fall from 145.04 trillion to 134.09 trillion at around 20:51 UTC, a roughly 7.55% drop and the steepest since the 2022 bear…
The crypto market held close to the $2.5 trillion market cap with no signs of movement as traders reassess their positions amid the current market environment. Summary Crypto market held near $2.5 trillion with muted price action as Bitcoin stalled above $70,000 and major altcoins posted modest declines. Investor sentiment weakened amid Middle East tensions,…
Bitcoin price marched back above $70,000 on Friday morning, erasing part of the losses seen over the past two days. However, its momentum quickly gave up as Asian tech stocks dropped lower. Summary Bitcoin rebounded above $70,000 after an 8% drop, supported by dip buying despite rising geopolitical tensions and inflation concerns. Risk sentiment weakened…
Bitcoin sinks below $71k as Powell’s hawkish tone and Iran’s oil shock trigger a $542M liquidation wave across leveraged crypto markets. Summary Bitcoin drops to about $71,313, Ethereum to $2,201, as crypto and stocks sell off on Fed projections and oil shock fears. Powell flags oil-driven inflation, keeps just one 2026 rate cut in the…
Banking giant Morgan Stanley has submitted an amended Bitcoin ETF filing with the U.S. Securities and Exchange Commission. Summary Morgan Stanley has amended its Bitcoin ETF filing, confirming ticker MSBT on NYSE Arca and outlining a $1 million seed structure through 50,000 shares. The filing finalizes Coinbase Custody and BNY Mellon as custodians but leaves…
A long-dormant Bitcoin whale wallet has offloaded 1,000 BTC on Wednesday. Summary Long dormant Bitcoin whale offloads 1,000 BTC, extending total transfers to 3,500 BTC since November 2024 with roughly $330 million in realised profit. Additional selling from early investor Owen Gunden and Bhutan-linked wallets points to a pattern of distribution from large holders into…
The global crypto market fell sharply on Thursday as new geopolitical and macroeconomic concerns threw cold water on investor appetite for risk assets. Summary Crypto markets dropped sharply as escalating Middle East tensions and hotter U.S. PPI data weakened investor appetite, pushing Bitcoin down nearly 5% to around $70,600. Global markets declined alongside crypto, with…
Bitcoin price erased all of its gains from this week as it crashed to a critical support level amid hotter-than-expected PPI data and Jerome Powell’s Federal Reserve speech that cast a shadow over any interest rate cuts for this year. Summary Bitcoin fell over 5% to test the $70,000 support after hotter-than-expected U.S. PPI data…
Bhutan has transferred roughly $72.3 million in Bitcoin over the past 24 hours, continuing a steady pattern of trimming its sovereign holdings. Summary Bhutan transferred roughly $72.3 million in Bitcoin over 24 hours, with Druk Holding and Investments moving more than 973 BTC across multiple transactions. Holdings have declined to over 4,400 BTC from a…
