While bulls are attempting to trigger a recovery, analysts believe that bearish sentiment still dominates the broader crypto market
Ethereum (ETH) is showing early signs of short-term bullish momentum on the 1-hour timeframe, supported by a 20/50 EMA bullish crossover
Sixty per cent of respondents expressed positive sentiment towards crypto investments, while 20 per cent felt negative and another 20 per cent remained neutral
The market analysts, however, remain optimistic, suggesting that ongoing macroeconomic factors point toward a potential trend reversal
Zettai said 95.7 per cent of WazirX creditors backed its revised scheme, covering $206.9 million in claims, with redistribution of assets pending Singapore court approval
Bitcoin price today: The world's largest crypto-asset by market capitalisation rose as much as 1.27 per cent to $124,514.57 on Thursday
This bullish momentum comes on the heels of US President Donald Trump signing an executive order to expand 401(k) access to alternative assets, aiming to improve returns and diversification
The court has also ordered the company to disclose details of the ongoing restructuring proceedings before the Singapore High Court, as per its order dated August 5
Bitcoin's market dominance declined to approximately 60 per cent, while Ethereum's share surpassed 11.8 per cent, indicating a notable shift in asset allocation within the cryptocurrency market
For BTC to regain bullish momentum, analysts believe that a confirmed breakout above $116,000 is necessary.
Gupta maintained that customer funds on the platform were not compromised since they were parked on a cold wallet infrastructure
Those holding crypto keys in a cold wallet must store seed phrases offline in a secure location
Bitcoin (BTC) retained its position as the most preferred crypto asset among Indian investors, capturing 6.5 per cent of overall investor interest
This feature enables merchants to connect to a crypto market worth over $3 trillion by allowing instant crypto-to-stablecoin or fiat currency conversion
So far this month, Ethereum has surged nearly 59 per cent. Despite the recent rally, ETH remains 19 per cent below its all-time high of $4,891, reached in November 2021
Ethereum has found its footing above $3,600, though it couldn't quite hold onto the gains that pushed it near $3,800 earlier this week
At last check, Bitcoin was trading around $118,071.31, down 0.41 per cent, with a 24-hour trading volume of $71.07 billion
The feature is integrated directly into Square's payment infrastructure, allowing merchants to receive Bitcoin payments alongside traditional options like credit cards and digital wallets
Altseason, analysts suggest, typically follows a pattern in the crypto market's 4-year cycle - starting with Bitcoin, then large-cap tokens like ETH and SOL, and finally spreading to smaller altcoins
In 2024, around $2.2 billion worth of cryptocurrencies were stolen. This followed losses of $1.7 billion in 2023 and $3.8 billion in 2022