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After days of steep downward movement, the price of Bitcoin appears to have found a somewhat reliable anchor around the $60,000 region. However, recent on-chain data suggests that the premier cryptocurrency might not be down for long, with a bullish reversal seemingly on the cards. Is BTC Price Bottom Already Forming? In a June 7th post on the X platform, crypto analyst Ali Martinez revealed that the price of Bitcoin might have just reached a major bottom in this cycle. This evaluation is based on changes in the Bitcoin Supply In Loss metric, which measures the amount of BTC in circulation that was last moved at a price above the current market value. Related Reading: Bitcoin Price Plunges To $59K, Sparking Fears Of Deeper Decline This on-chain metric provides insight into how much pressure investors are under (or how deeply underwater they are) as they hold their Bitcoin at an unrealized loss. Hence, the Supply In Loss indicator, near unprecedented levels, is a signal of systemic fear
Read full articleStrategy’s bitcoin buying model is facing new scrutiny after Grayscale warned that current share prices could limit future accumulation. The concern followed a bitcoin sale, STRC dividend pressure, and questions over whether Strategy can keep funding purchases without stronger investor demand. Grayscale Flags Rising Risks to Strategy’s Bitcoin Accumulation Machine Strategy’s bitcoin strategy is facing […]
The reactivation of dormant Bitcoin wallets challenges the application of traditional property laws to decentralized digital assets. The post Satoshi-era Bitcoin wallet moves 15 BTC after 14 years of silence, complicating a $285 billion lawsuit appeared first on Crypto Briefing.
The rapid inflows into Hyperliquid ETFs highlight a shift in investor interest towards alternative blockchain assets, potentially reshaping market dynamics. The post Hyperliquid ETFs pull in $160M in weeks as Bitcoin and Ether funds bleed capital appeared first on Crypto Briefing.
After a judge halted a default judgment Friday in the New York Supreme Court case Noah Doe v. John Does 1-39,069, several onchain wallets linked to the litigation have sprung into motion. On Sunday, Galaxy Research identified a wallet dormant since 2019 that transferred 1,878.5711 BTC, valued at $114.16 million, marking its first activity in […]
Bitcoin price started a recovery wave above the $62,000 zone. BTC is consolidating and might aim for more gains if it clears the $64,500 resistance zone. Bitcoin managed to form a base above $60,000 and started a recovery wave. The price is trading above $62,500 and the 100 hourly simple moving average. There was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might gain bullish momentum if it settles above the $64,500 zone. Bitcoin Price Eyes Fresh Gains Bitcoin price remained supported above the $60,000 zone. BTC formed a base and settled above $61,200 to start a recovery wave. There was a move above the $62,000 and $62,200 levels. Besides, there was a break above a bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair. The bulls were able to push the price above the 23.6% Fib retracement level of the downward move from the $74,100 swing high to the $59,107 low. How
The tariff policy instability may drive capital towards Bitcoin as a hedge, while legal challenges create economic uncertainty and market volatility. The post Trump relaunches tariffs war after court strikes down levies appeared first on Crypto Briefing.
Vietnam is planning to require that all domestic crypto trading — including transactions in Bitcoin, Ethereum, and stablecoins like USDT and USDC — be settled in Vietnamese dong, a rule that would effectively bar dollar-paired trades on licensed platforms. Related Reading: Want In On SpaceX? Kraken Unveils Early IPO Access Via xStocks All Eyes On […]
