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Bitcoin’s latest rally has run into a major technical and on-chain resistance zone, with CryptoQuant research head Julio Moreno warning that several indicators now point to elevated correction risk after a sharp rebound from April lows. Moreno said CryptoQuant had been flagging a potential pullback for weeks, citing high unrealized profits, a spike in profit-taking across spot and futures markets, slowing US spot demand, and resistance from both technical and on-chain price levels. The firm’s latest analysis frames Bitcoin’s move toward the 200-day moving average as a critical test for whether the rally has durable support or resembles a bear-market rebound running out of momentum. Why The Bitcoin Correction Risk Is Rising “Bitcoin has reached a major bear market resistance level, the 200-day moving average at $82.4K, following a 37% price rally from the April lows. The parallel with March 2022 is direct: in that cycle, Bitcoin also rallied 43% before hitting the 200-day MA, after whic
Read full articleProject Eleven, a company focused on post-quantum cryptography, said Tuesday that it has partnered with Ripple to support post-quantum readiness on the XRP Ledger (XRPL) blockchain. The announcement arrives amid intensifying concern across the crypto sector over the security of the cryptographic systems used by major networks like Bitcoin (BTC), as advances in quantum computing […]
A tracked onchain wallet known for a $24.79 million profit record just placed $21 million in simultaneous long positions on bitcoin, ether, and dogecoin. They then proceeded to add more of the same via limit orders. One Wallet, Three Assets, Three Hours Onchain intelligence platform Lookonchain tracked wallet 0x152e opening a series of long positions […]
Bitcoin futures and orderbook data show dip buyers waiting for a BTC price drop below $70,000.
With bitcoin drifting just beneath the $77,000 range, a whale moved a cache of 500 BTC from a wallet established more than a decade ago. The funds appear to have flowed through the over-the-counter (OTC) desk Wintermute and a wallet identified as a Binance deposit address. Bitcoin Whale Moves 500 BTC; Assets Likely Sold A […]
US President Donald Trump appears to have quietly shifted his crypto focus from meme coins to Bitcoin (BTC). While his self-titled meme coin, Official Trump (TRUMP), continues to trade in the market after a more than 80% crash, new federal disclosures reveal that the President and his family have been investing in firms with direct […]
Bitcoin fluctuated between $76,200 and $77,245, ultimately stabilizing around $76,750. Despite the daily volatility (up 0.7%), it remained down nearly 5% for the week, holding a market cap of $1.54 trillion. Geopolitical Tension Stalls Momentum Bitcoin traded sideways on Tuesday, oscillating between a low of $76,200 and an intraday high of $77,245 as global markets […]
With the possibility of renewed tightening rising, bitcoin is losing momentum and becoming more vulnerable to exogenous shocks and potential rate hikes.
Lolli launched automatic Bitcoin cashback for users who link eligible debit or credit cards, partnering with commerce network Kard. Lolli announced on Tuesday that it has partnered with independent commerce media network Kard to launch card-linked Bitcoin cashback rewards for…
