Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin and altcoins are witnessing some profit taking today, but the overall uptrend remains intact. Go to Source
Bitcoin
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Bitcoin Sets New Transaction Milestones as Top Ten Busiest Days Occurred in 2024
In 2024, the Bitcoin network has hit some significant milestones, including reaching an all-time high price, achieving peak hashrate and difficulty, and recording the highest onchain fees ever. On top of these metrics, the blockchain also saw its busiest transfer day in history on April 23, with 927,010 transactions confirmed in one day. Bitcoin’s High-Traffic … Read more
Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital … Read more
Bitcoin liquidity sinks to $62.5K as BTC price struggles at US open
BTC price momentum sags as Wall Street returns amid surprise that Bitcoin could not capitalize further on last week’s macro news. Go to Source
Bitcoin poised for breakout as US money market funds reach $6.2 trillion
Bitcoin could be on track to a September breakout to new record highs, but it faces significant resistance around $65,000. Go to Source
India amasses 5M central bank digital currency users
India has taken a cautious approach to introducing a CBDC, while local authorities have also refused to regulate crypto transactions. Go to Source
Bitcoin Technical Analysis: Key Resistance Levels Test Bullish Momentum
On Aug. 26, 2024, bitcoin is navigating a crucial juncture, with prices hovering around $63,908. Despite a recent recovery attempt, the cryptocurrency faces significant resistance between $64,000 and $65,000. Bitcoin Bitcoin’s 1-hour chart reveals a recent peak at $65,103, followed by a sharp drop to $63,128 before stabilizing just above $63,500. This stabilization is critical, … Read more
Crypto investment products see largest inflows in 5 weeks
The Bitcoin price increased 8% amid BTC investment products seeing $543 million in inflows last week. Go to Source
BTC price dip gone by September? 5 things to know in Bitcoin this week
Bitcoin faces a crunch candle close this week as BTC price rebound battles sellers to cancel its early August collapse. Go to Source
Understanding the Difference Between Spot and Futures Crypto ETFs
This year, the U.S. Securities and Exchange Commission approved 12 spot bitcoin exchange-traded funds (ETFs) and nine spot ether ETFs. Here’s a deep dive into the distinctions between spot and futures crypto asset exchange-traded products (ETPs), offering essential insights for investors navigating the ever-evolving world of crypto investments. Spot vs. Futures: Navigating the Crypto ETF … Read more