Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength ha
An analyst has pointed out how the latest retrace in Solana has come after rejection from the resistance level of a Parallel Channel. Solana Failed Parallel Channel Resistance Retest In a new post on X, analyst Ali Martinez has talked about a technical analysis (TA) pattern forming in the daily price chart of Solana. The pattern in question is a “Parallel Channel,” which forms whenever an asset trades between two parallel trendlines. Related Reading: Bitcoin Recovery Above Key Cost Basis Level Fails As BTC Falls Under $77,000 Like other consolidation patterns in TA, the upper level of the channel acts as a resistance barrier for the price and the lower one can provide support. A break out of either of these levels can signal a continuation of trend in that direction. That is, a surge above the pattern can be a bullish signal, while a fall under it a bearish one. Parallel Channels can be of a few different types depending on how the trendlines are oriented with respect to the graph axes
Goldman Sachs Dumps XRP and SOL ETFs: What It Means
The post Bitcoin ETF News: Nearly $1Bn in Outflows Over Past 24-Hours appeared first on 99Bitcoins.
Bitcoin treasury company Strategy has announced its second-largest acquisition of 2026, costing the firm more than $2 billion. Strategy Has Added 24,869 Bitcoin To Its Holdings In a new post on X, Strategy co-founder and chairman Michael Saylor has shared the details related to the latest purchase completed by the treasury company. In total, the […]
Bitcoin (BTC) has slid sharply over the past week, retracing nearly 7% and wiping out the upside that built after last week’s Senate Banking Committee markup of the CLARITY Act. That legislative momentum helped push BTC above the $82,000 area, but the coin is now changing hands around $76,700. The Bitcoin Pullback Glassnode’s latest read on the situation points to a clear deterioration in short-term market behavior. The firm says the Bitcoin selling pressure has intensified, with Spot CVD falling by 848.7%. At the same time, spot volume is up about 4.2%, suggesting that more coins are moving through the market. Glassnode interprets this as rising activity that may not necessarily reflect a bullish mindset, but rather traders responding more aggressively to price volatility and hedging or repositioning. Related Reading: Goldman Sachs Rebalances Crypto Exposure: XRP, SOL Out, ETH Down 70%, Hyperliquid In Futures Open Interest also dropped 2.9%, which usually signals that traders are no
French bitcoin treasury firm Capital B has acquired 192 BTC after completing a series of capital raises totaling roughly $20 million (€17 million). The company now holds more than 3,100 bitcoin as it deepens its treasury-focused strategy. Adam Back Joins Capital B Funding Round as Company Accelerates BTC Strategy Capital B, the French company formerly […]
Institutional investors just sold an overall total of $1.07 billion in Bitcoin and crypto assets in one week, according to a new update from CoinShares. The outflows are the first negative result in seven weeks and the third-largest weekly outflow of the year. Bitcoin drove most of the selling with $982 million in outflows. Ethereum […]
The post Institutional Investors Sell $1,070,000,000 in Bitcoin and Crypto Assets in One Week, Ending Streak of Inflows: CoinShares appeared first on The Daily Hodl.
Michael Saylor’s firm Strategy just completed of its largest Bitcoin buys ever, acquiring 24,869 BTC for approximately $2.01 billion. The company now owns 843,738 BTC acquired for $63.87 billion at a price of $75,700 per Bitcoin. The recent acquisition, priced at an average of $80,985 per Bitcoin, was Strategy’s sixth-largest on a BTC basis and 8th-largest […]
The post Michael Saylor’s Strategy Buys $2,010,000 Worth of Bitcoin in One of the Firm’s Largest Acquisitions Ever appeared first on The Daily Hodl.
