Author: WebDesk
Bitcoin is trading at a pivotal level after losing momentum from the $120,000 zone and slipping into deeper volatility. The price is now testing the $112,000 support level, a key zone for bulls to defend in order to avoid further bearish pressure. While the broader trend remains constructive in the long term, the short-term outlook has tilted toward weakness, with momentum indicators showing a leaning toward the downside. Related Reading Analysts highlight this moment as a potential inflection point for the market. A strong defense of current levels could reset sentiment and allow Bitcoin to consolidate before another breakout attempt.…
It is a great time to be a trader. Bitcoin hit a new all-time high, then tested the bottom of its range. After Jerome Powell’s latest speech, the market bounced hard. Range traders are eating well, while breakout traders are struggling. With each passing day, a rate cut looks more likely.The mood feels very different from earlier this week. Five red days in a row had everyone on edge. Yet Powell’s talk at Jackson Hole changed the tone in minutes.Bitcoin Reclaims $116,000Bitcoin surged to $116,000 after Jerome Powell hinted that an interest rate cut could come as soon as September.…
Join Our Telegram channel to stay up to date on breaking news coverage BitMEX co-founder Arthur Hayes says Ethereum (ETH) could soar up to $20K this cycle, fueled by buying from Ethereum treasury firms and “absolutely insane” US money printing. CryptoBanter co-founder Ran Neuner asked Hayes in an interview if he thinks ETH will drop to $3K before it goes on to set a new all-time high (ATH) or if another scenario will play out. “The chart says it’s going higher,” he said. “I think ETH goes ten, twenty thousand before the end of this cycle. Once it’s broken through…
Jerome Powell’s Jackson Hole speech gave traders clarity on what’s next for U.S. rates and a reason for crypto markets to cheer.Speaking at the Fed’s annual Jackson Hole symposium, Powell said a 25bps rate cut in September is highly likely. But he also made it clear this isn’t the start of a long series of cuts.A Likely Cut, But With CautionPowell told the audience that the Fed’s policy is already “in restrictive territory” and the risks around jobs and inflation are shifting.“Downside risks to employment are increasing,” he said, but stressed that the labor market is still strong and the…
Shiba Inu (SHIB) rocked the crypto world within months of its launch. The asset’s price skyrocketed by many million percent, hitting an all-time high of $0.00008616 in October 2021. Early investors made millions of dollars in profit with minimal investments. People with regular jobs could retire and live their dreams thanks to SHIB’s incredible performance. Shiba Inu soon gained the moniker of “millionaire-maker.” However, the popular dog-themed crypto has lost significant steam over the last few years. Let’s discuss if SHIB has lost its “millionaire-maker” status.Can Shiba Inu Still Make You a Millionaire?Source: PixabayOne of the primary reasons for SHIB’s…
Join Our Telegram channel to stay up to date on breaking news coverage Ryujin, a non-fungible token collection created on the Solana blockchain network, has partnered with Magic Eden, one of the leading non-fungible token marketplaces, to launch a non-fungible token launchpad. This integration means that the non-fungible token space in Japan continues to evolve with a promising future for Japanese NFTs in both local and international markets. In this article, we shall discuss more about this collaboration. Ryujin Taps Magic Eden For An NFT Launchpad In an August 22 blog post, the Ryujin team confirmed that they have partnered…
The US Department of Justice has clarified it will no longer pursue charges against developers for the unintended misuse of decentralized protocols, following the Tornado Cash verdict that convicted co-founder Roman Storm on a money transmission charge.DOJ Signals Shift in ApproachWeeks after Tornado Cash co-founder Roman Storm was convicted on a money transmission charge, a senior Department of Justice official indicated that prosecutors would not pursue similar cases in the future. Speaking at the American Innovation Project (AIP) Summit in Jackson, Wyoming, acting assistant attorney general Matthew Galeotti said that software developers should not be criminally liable for the actions…
Bitcoin is facing a clear demand slowdown paired with a strong wave of profit-taking, according to the latest weekly analysis from onchain data provider Cryptoquant. ETF Appetite Hits Multi-Month Low, Contributing to Bitcoin’s Pullback A new institutional insights report from Cryptoquant shows bitcoin locked in a pronounced profit-taking cycle amid a broad slowdown in demand. […] Credit: Source link
Bitcoin has recently set new all-time highs, yet many of the leading Bitcoin treasury companies have been underperforming significantly. Despite Bitcoin itself recently pushing well above $120,000, the share prices of firms such as (Micro)Strategy remain far from their peaks. Are these companies likely to see a sustained recovery, or has their period of outperformance already passed? Bitcoin Treasury Companies: Massive BTC Holdings in 2025 Examining the table of Top Public Bitcoin Treasury Companies reveals a total of 79 public companies hold at least 100 BTC, amounting to almost a million Bitcoin, valued at over $110 billion. A monumental amount,…
Join Our Telegram channel to stay up to date on breaking news coverage OKB soared to a new all-time high (ATH), Kanye West’s YZY token plummeted, and Bitcoin dropped below $113K ahead of Fed Chair Jerome Powell’s Jackson Hole Speech later today. OKB led gainers with a 16% surge to trade at $218 as of 4:15 a.m. EST, where it also touched a new ATH at $255.50. Among other top gainers, Zcash (ZEC) jumped 9.8%, GateToken (GT) climbed 5.6%, and KuCoin Token (KCS) rose 3.2%. Meanwhile, the Bitcoin price tumbled a fraction of a percent to trade at $112,837 ahead of Powell’s…
