The crypto market continues to trade cautiously as it seeks fresh catalysts following the Fed rate cut. BTC has settled into a tight range, with $118,000 serving as resistance for the bulls to overcome. Open interest in bitcoin futures has jumped to 149K BTC, ending a two-month downtrend. It indicates renewed capital inflows into futures, … Read more
Bitcoin BTC$116,885.26 rose to its highest point since Aug. 22 on Wednesday, reaching $117,300 before receding to $116,400. Much of Wednesday’s excitement is yet to come, hinging on the Federal Reserve’s interest-rate decision at 18:00 UTC and subsequent press conference. The Fed is expected to cut rates by 25 basis points, The early move was … Read more
U.S. money market funds currently hold over $7 trillion, which some analysts believe could soon be rotated into various asset classes, including cryptocurrencies, potentially fueling the next leg higher in bitcoin BTC$112,779.30 and the alternative cryptocurrencies (altcoins). A money market fund is a type of mutual fund that invests in high-quality, short-term debt instruments, such … Read more
Bitcoin BTC$111,749.95 is trading in a tight range around $111,000 having lost 2.9% of its value over the past 30 days. Bitcoin dominance has slipped from 61% to 57% in same period, indicating a bullish outlook for altcoins, coinciding with a slew of crypto treasury companies adoption altcoin accumulation strategies. Ether (ETH), up 1.1% since … Read more
Crypto analyst and macroeconomist Alex Krüger thinks the market looks ugly enough to turn bullish. On Saturday, Krüger wrote on X, that “most crypto charts now look so broken and bearish that it’s bullish.” He argued that when price action looks this bad, the panic has usually gone far enough that a reversal may not … Read more
Internet Computer Protocol (ICP) demonstrated resilience during the last 24 hours, staging a rally that lifted the token nearly 3% to $5.13. The move capped a V-shaped recovery that began with an overnight retreat to support levels around $4.98, where a high volume of buying activity took hold, according to CoinDesk Research’s technical analysis data … Read more
The crypto market grew 13% in value in July, fueled by a rotation from bitcoin into altcoins, according to Binance Research’s “Monthly Market Insights” report for August. Ether (ETH) was the standout, rallying 48% as another 24 companies added the asset to their balance sheets, lifting corporate holdings by 128% to 2.7 million ETH. That’s … Read more
Altcoin season may be weeks away, according to Coinbase Institutional’s latest monthly outlook, which forecasts a shift in market leadership from bitcoin to alternative cryptocurrencies beginning in September. Altcoin season refers to a market phase when cryptocurrencies other than bitcoin — often led by Ethereum’s ETH, Solana’s SOL, and other large-cap tokens — post significantly … Read more
Key points: Bitcoin’s tightening range trading signals a possible range expansion in the next few days. Select altcoins also face selling pressure, but remain above their near-term support levels. Bitcoin (BTC) continues to sell off at the $120,000 level, but the repeated retest of a resistance level tends to weaken it. If buyers do not … Read more
By Omkar Godbole (All times ET unless indicated otherwise) Bitcoin (BTC) traded little changed around $120,000, struggling to build on a weekend bounce characterized by consistent demand at around $117,000. Other tokens were less moribund. The CD20 Index, which captures about 80% of the digital asset market, rose 2% over 24 hours while the CD80 … Read more