Auto Added by WPeMatico

Bitcoin Nears Potential Bottom, But Demand Conditions Remain Unfavorable: CryptoQuant

Historical on-chain data suggest that bitcoin (BTC) may be nearing a bottom in this bear market, but demand conditions signal the asset still has a long way to go. According…

Continue ReadingBitcoin Nears Potential Bottom, But Demand Conditions Remain Unfavorable: CryptoQuant

Will BTC Rocket if Trump Delivers on His Iran Deal Promise This Sunday?

Despite last week’s controversial developments on the war front between Iran, the US, and several other nations involved in the conflict, Donald Trump promised on his social media platform minutes…

Continue ReadingWill BTC Rocket if Trump Delivers on His Iran Deal Promise This Sunday?

Speculative Interest in BTC Fades Across Traditional Markets, On-chain Data Shows

Analysts at the market research firm Glassnode have highlighted on-chain data indicating a weakening of speculative appetite for bitcoin (BTC) in traditional finance (TradFi) markets. According to a tweet from…

Continue ReadingSpeculative Interest in BTC Fades Across Traditional Markets, On-chain Data Shows

Bitcoin ETFs Extend Major Red Streak, But There Is a Light at the End of the Tunnel

For the fifth consecutive week, the spot exchange-traded funds tracking the world’s largest cryptocurrency have ended in the red with more outflows than inflows. However, the numbers are nowhere near…

Continue ReadingBitcoin ETFs Extend Major Red Streak, But There Is a Light at the End of the Tunnel

‘I Never Said the Company Wouldn’t Sell’: Michael Saylor Fires Back After Bitcoin Drop

Bitcoin (BTC) has fallen nearly 15% since Strategy disclosed on June 1 that it sold 32 BTC between May 26 and May 31 for about $2.5 million. MSTR stock, on…

Continue Reading‘I Never Said the Company Wouldn’t Sell’: Michael Saylor Fires Back After Bitcoin Drop