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Tag: Market
Why August Could Be Remembered As A Major Trap For Bitcoin And Crypto Market
Bitcoin (BTC) recently surged to a new all-time high, surpassing $124,000, only to experience a subsequent drop of 9%. This volatility has sparked widespread speculation about the current state of the bull market, the potential for an ongoing “alt season,” and whether Bitcoin has reached its peak. In light of the current price action, market expert Miles Deutscher has shared insights on the social media platform X (formerly Twitter), suggesting that August may be viewed as a significant trap in the crypto market. Two Scenarios For Bitcoin First, Deutscher points…
Bitcoin Bull Market Hinges On $13.8 Billion Options Expiry
Key takeaways: Bitcoin bears hold strong incentives below $114,000, likely intensifying pressure ahead of the options expiry. AI-sector spending concerns add turbulence and weigh on investors’ broader risk appetite. A total of $13.8 billion in Bitcoin (BTC) options are set to expire on Aug. 29, a moment many traders believe could determine whether the recent 9.7% correction marks the end of Bitcoin’s bull run or just a temporary pause. The drop to $112,100 on Thursday pushed Bitcoin to its lowest point in six weeks, intensifying bearish momentum ahead of the…
Lowest Since Bull Market Peak In 2021
Bitcoin is navigating a critical juncture after reaching a new all-time high of $124,500 last week before quickly retreating. The price is now searching for support, with volatility intensifying and traders debating whether this is the start of a deeper correction or simply a healthy consolidation phase before continuation. Some analysts remain optimistic, seeing this pullback as a natural reset in an overheated market, while others argue that momentum is fading as bearish signals emerge. Related Reading Adding weight to the discussion, CryptoQuant analyst Axel Adler highlighted a key trend…
Bitcoin and crypto market at risk of a crash after a Fed official warning
Bitcoin and the crypto market could be at risk after a senior Federal Reserve official warned about the state of the economy and the dangers of cutting interest rates too soon. Summary Bitcoin and the crypto market are at risk as Fed official warns on inflation and interest rates. Beth Hammack believes that the Fed should not cut interest rates now that inflation is still elevated. Jerome Powell will talk on Friday at the Jackson Hole Symposium in Wyoming. Bitcoin (BTC) dropped to $112,000, well below its all-time high of…
Is Bitcoin’s Bull Market Ending? Onchain Data Says Yes
Key takeaways: BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles. Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon. Bitcoin risks dropping into the $90,000-$100,000 range if the psychological support at $110,000 is lost. Bitcoin (BTC) is struggling to reclaim $114,000 on Thursday, as a convergence of onchain metrics signals waning bullish momentum and a classic setup for a market late in its cycle. The Bitcoin market is nearing a cycle…
Lummis Fast-Tracks Crypto Market Structure Bill To Reach Trump’s Desk Before Thanksgiving
In a recent address, pro-crypto Senator Cynthia Lummis revealed her efforts to expedite the passage of a crucial piece of legislation known as the Market Structure Bill. This initiative follows the recent enactment of several significant laws, including the GENIUS Act, the CLARITY Act, and the Anti-CBDC bills, all aimed at shaping the future of digital assets in the United States. Keys Behind The Responsible Financial Innovation Act Since the House of Representatives passed these key crypto bills last month, the Senate Banking Committee has been crafting its version of…
Bitcoin Sentiment Returns To Neutral After 10% Market Drop
Crypto market sentiment has returned to neutral as markets showed signs of recovery on Thursday following a brief dip into the “fear” zone when Bitcoin fell to $112,000 a day earlier. However, analysts have been quick to warn that more volatility lies ahead. Bitcoin (BTC) fell to $112,350 on Coinbase in late trading on Wednesday, marking a 10% correction from its August peak of just over $124,000, and tipping the Bitcoin Fear & Greed Index to 44, its lowest level in two months. However, it has started to recover since,…
Ripple Highlights Custody as Core Infrastructure for $18.9T Tokenization Market
Ripple is spotlighting custody as the backbone of digital finance, driving stablecoin adoption, tokenized asset growth, regulatory confidence and next-generation programmable infrastructure set to transform global markets. Ripple Maps the Future Where Custody Powers Stablecoins, Tokenized Assets, and Compliance Ripple published insights on Aug. 18 emphasizing the strategic importance of digital asset custody for institutions […] Source CryptoX Portal
Can The Market Handle The Risks?
Ethereum is undergoing a correction after weeks of strong momentum, but institutional adoption is quietly reshaping the market’s long-term dynamics. According to CryptoQuant, the popular “Crypto Treasury Strategy,” long associated with Bitcoin, has now entered the Ethereum ecosystem. Over 16 companies have already adopted this approach, collectively holding 2,455,943 ETH worth nearly $11.0 billion. This significant allocation has effectively locked away a sizable portion of ETH, reducing available supply on the open market. Related Reading The treasury movement mirrors Bitcoin’s playbook, where corporations strategically accumulated BTC as a reserve asset.…