Massive Bitcoin and Crypto Crash and Epic Recovery: This Week’s Recap
This week saw one of the most dramatic crashes in the cryptocurrency market—one that we hadn’t seen since the collapse of FTX in November 2022. What is even more interesting…
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Can $2.5B Crypto Options Expiry Boost Market Momentum?
Friday, August 9, will see around 32,000 Bitcoin options contracts expire with a notional value of around $1.9 billion. Today’s options expiry event is slightly smaller than last week’s, so…
Bitcoin Soared to Almost $63,000 Following Death Cross Rally
BTC prices surged to an intraday high of $62,790 during the Friday morning Asian trading session. The move added 9.5% to the value of the asset over the past 12…
Bitcoin Soars Back Beyond $59k Triggering $185 Million In Liquidations
Bitcoin’s price rebounded back above $59,000 on Thursday, marking an 8% climb on the day in spite of broader macroeconomic fears. According to CoinGlass, over $189 million in trades have…
Bitcoin Forms Bullish Ascending Flag Pattern, Predicting Potential Breakout
Bitcoin briefly tumbled below $50,000 earlier this week as the market saw the sharpest correction since the FTX crisis. The subsequent recovery, though, pushed the asset’s price above $57,000. Despite…
Crypto Dip Buying Continues as Binance Sees $2.4B Inflows
On Aug. 8, on-chain analytics platform Lookonchain reported that the world’s largest crypto exchange, Binance, experienced a net inflow of $2.4 billion since the market dip on Aug. 5. It…
Bitcoin’s $20K Drawdown in August Leaves Short-Term Holders Reeling
Periods of widespread decline in global markets are usually rare, happening during times of significant global stress, deleveraging, and increased geopolitical risk. On Monday, both equities and digital assets experienced…
Bitcoin Wallet From Satoshi Era Awakens After 11 Years, Transfers $14M
After 11 years of dormancy, a Bitcoin wallet belonging to a miner, dating back to the Satoshi era in 2010, has come back to life. This entity suddenly became active…
Bitcoin Could Hit New All-Time High if It Stays Above This Level: CryptoQuant CEO
CryptoQuant CEO Ki Young Ju predicts that if bitcoin’s price remains above $45,000, it could surpass its all-time high within a year. His optimism persists in the crypto market even…
Crypto Market Cycle Indicator Shows Bear Signs But Here’s Why You Shouldn’t Worry
In a post on X on Aug. 6, CryptoQuant head of research, Julio Moreno, reported that the on-chain analytics firm’s ‘Bull-Bear Market Cycle Indicator’ has flagged a bear phase for…
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