Category: Analysis

Crypto Bounce Likely as Market Enters ‘Reassessment Phase’

Key Notes Bitcoin ETF inflows fell 80% last week amid post-ATH cooldown. Glassnode notes that the derivatives market is still elevated, showing leveraged optimism. On-chain metrics still show 96.9% of the BTC supply in profit. Glassnode’s latest weekly report suggests that Bitcoin BTC $118 236 24h volatility: 0.0% Market cap: $2.35 T Vol. 24h: $41.07 B rally has entered a “reassessment phase” after briefly touching its all-time high on July 14. The pullback led to a general cooldown across markets, but several indicators suggest the possibility of a price bounce…

Bakkt Exits Loyalty Business, Focuses on Crypto After $75M Raise

Key Notes Bakkt has sold its loyalty business for $11M to focus exclusively on crypto and stablecoin infrastructure. The company announced a $75M public offering to raise funds for Bitcoin purchases and general operations. Bakkt stock plunged nearly 28% after hours, reflecting investor concern over dilution and long-term growth. Bakkt Holdings Inc. has officially sold off its loyalty services arm for $11 million to Project Labrador Holdco, a subsidiary of Roman DBDR Technology Advisors, as it pivots to becoming a streamlined, “pure-play” crypto infrastructure provider. Alongside this transition, Bakkt also…

Dogecoin Price Today: Whales Buy 130M DOGE in 24 Hours

Key Notes DOGE is down 69% from its all-time high but showing signs of renewed whale accumulation. Technical indicators remain mixed, with DOGE hovering just above a key support zone around $0.22. Breaking and holding above $0.25 is crucial for DOGE to aim for $0.33 and $0.40 targets. Dogecoin DOGE $0.23 24h volatility: 3.1% Market cap: $34.50 B Vol. 24h: $2.34 B , the crypto market’s original meme token, is back in the spotlight after shedding 5.46% in the past 24 hours and crashing over 14% in the past week,…

Ark Invest Adds $20M Bitmine Stake in Ethereum Treasury Bet

Key Notes The latest purchase of BMNR stock follows the $182 million investment in Bitmine Technologies last week. Backed by Peter Thiel and led by Tom Lee, Bitmine has amassed 566,800 ETH, worth over $2 billion in just 16 days. Bitmine and SharpLink Gaming are competing to build the largest ETH reserves. On Monday, July 28, Cathie Wood’s Ark Invest announced buying $20 million worth of shares of Tom Lee’s ETH treasury firm Bitmine Technologies (NYSE: BMNR). This investment comes despite the BMNR stock price falling 12% yesterday. With backing…

Why Is OMNI Price Up Today?

Key Notes OMNI jumps over 130% after Upbit announces OMNI/KRW pair listing. Upbit applies trade restrictions to avoid price manipulation. OMNI’s breakout from a technical pattern supports a $10 bullish target. While the wider crypto market remains largely flat, Omni Network’s native token OMNI OMNI $5.29 24h volatility: 94.0% Market cap: $200.09 M Vol. 24h: $321.14 M has skyrocketed by over 130% in the past 24 hours. The sudden price spike follows the token listing announcement by South Korea’s leading exchange, Upbit earlier today. Upbit announced that it will list…

Crypto Market in Reassessment, Bounce Likely Ahead

Key Notes Bitcoin ETF inflows fell 80% last week amid post-ATH cooldown. Glassnode notes that the derivatives market is still elevated, showing leveraged optimism. On-chain metrics still show 96.9% of the BTC supply in profit. Glassnode’s latest weekly report suggests that Bitcoin BTC $118 439 24h volatility: 0.3% Market cap: $2.36 T Vol. 24h: $41.29 B rally has entered a “reassessment phase” after briefly touching its all-time high on July 14. The pullback led to a general cooldown across markets, but several indicators suggest the possibility of a price bounce…

Cardano Price Slides 5%, Is ADA Rally to $1.5 Still on Track?

Key Notes Cardano (ADA) has seen its price slip to $0.79, corresponding to a 5.16% drop within 24 hours. Instead of fundamental news, technical factors are believed to be responsible for this recent decline. The next 24-48 hours will determine whether the ADA price pullback will extend toward stronger support levels or not. In the early hours of July 29, Cardano ADA $0.80 24h volatility: 4.4% Market cap: $28.90 B Vol. 24h: $1.44 B saw its price drop to $0.79, corresponding to a 5.16% decline within 24 hours. Some…

Bitmain to Build US Factory to Bypass Trump-Era Tariffs

Key Notes Bitmain is planning to open a factory in the US by the end of September. The Chinese firm is expected to hire 250 local employees. Bitmain, Canaan, and MicroBT still control over 90% of global bitcoin mining hardware. . Bitmain, the leading Bitcoin BTC $118 782 24h volatility: 0.1% Market cap: $2.36 T Vol. 24h: $40.62 B miner manufacturer based in China, revealed its plans for entering the United States. The Chinese firm plans to launch its headquarters and assembly by the end of Q3 this year, according…

Ray Dalio Backs Bitcoin as Institutional Demand Grows

Key Notes Ray Dalio cites growing fiscal risks, including a projected $12 trillion in new US Treasury issuance, as a key reason to buy BTC. Dalio, while still preferring gold over Bitcoin, acknowledged BTC’s role as a hedge against fiat devaluation. Despite Bitcoin pulling back to $117K, institutional accumulation continues at every dip, as per on-chain data. Bitcoin institutional demand continues to remain despite the Bitcoin BTC $118 317 24h volatility: 0.4% Market cap: $2.35 T Vol. 24h: $41.40 B price pullback to $117K recently, with billionaires like Ray Dalio…

$60K Ethereum? Tom Lee’s BitMine Unveils “Replacement Value”

Key Notes BitMine says ETH could be worth $60,000 based on Wall Street’s “replacement value”. Tom Lee confirms BitMine holds over 600,000 ETH worth $2.2B. Ether breaks out of a consolidation pattern, hinting $4,300 in near-term. Tom Lee’s ETH-focused treasury firm, BitMine Immersion Technologies, made headlines with its first public investor presentation “The Alchemy of 5%” released on July 28. Meanwhile, Ether ETH $3 826 24h volatility: 1.6% Market cap: $461.87 B Vol. 24h: $30.75 B has gained nearly 150% since its April lows below $1,500, briefly touching $4,000 this…