Bitcoin, however, has remained above the $109,000 mark as bulls maintain control despite brief selling pressure from US nonfarm payroll data, said analysts
Ethereum (ETH), the second-largest cryptocurrency by market capitalisation, briefly surpassed the $2,500 level but failed to hold gains
With the US Dollar Index hitting a multi-year low, analysts believe Bitcoin is increasingly being viewed as a resilient high-growth asset in times of macroeconomic uncertainty.
Market analysts suggest that the ceasefire alleviated immediate concerns about global oil disruptions and restored geopolitical stability, elevating the confidence of the crypto bulls
The sudden escalation, analysts said, triggered widespread panic across the crypto market, resulting in over $1 billion in liquidations-primarily from overleveraged long positions
Bitcoin, analysts said, is in a phase of consolidation due to global macroeconomic uncertainty
Vikram Subburaj, CEO of Giottus Crypto Platform, believes that there is a strong likelihood for Bitcoin to consolidate at current levels and undergo a short squeeze towards $109,000
Analysts believe that the regulatory developments such as the GENIUS Act and Thailand's recent five-year tax exemption policy are shaping a new global crypto landscape
Market analysts suggest that Bitcoin's current consolidation near $107,000 reflects short-term seller control
Bitcoin (BTC), the flagship digital asset, held firmly above the $106,400 level after briefly dipping to $103,200.
CoinDCX owns a total of $606.61 million in assets, reaffirming its strong reserve position
The flagship cryptocurrency Bitcoin (BTC), which scaled a record high of $111,970.17 last week, plunged to $104,684.72, its lowest level in seven days, on Friday, May 30
All targeted people with ties to the cryptocurrency world - in most cases, family members of crypto entrepreneurs or influencers
Market analysts suggest that the current consolidation of Bitcoin is short-term as investors are awaiting decisive breakout or breakdown signals
President Donald Trump rewarded top investors in one of his cryptocurrency projects with a swanky dinner on Thursday night, an event that showed the ascendance of an emerging financial industry and also the president's willingness to mix public office with personal profit. Some 220 of the biggest investors in the $TRUMP meme coin were invited to Trump's luxury golf club in Northern Virginia, where they dined on filet mignon and halibut. According to participants' posts on social media, Trump spoke for about half an hour before dancing to the song YMCA. Despite the White House insisting that Trump would be attending the event in his personal time, he stood behind a lectern with the presidential seal as he touted an industry that's generating profits for his family business. After feeling unfairly targeted under President Joe Biden, the crypto industry has quickly become a powerful political force, donating huge sums to help Trump and friendly lawmakers. The U.S. Senate is advancing
It seems like a triumph for a cryptocurrency industry that has long sought mainstream acceptance: Top investors in one of President Donald Trump's crypto projects invited to dine with him at his luxury golf club in Northern Virginia on the heels of the Senate advancing key pro-crypto legislation and while bitcoin prices soar. But Thursday night's dinner for the 220 biggest investors in the $TRUMP meme coin has raised uncomfortable questions about potentially shadowy buyers using the anonymity of the internet to buy access to the president. While Democrats charge that Trump is using the power of the presidency to boost profits for his family business, even some pro-Trump crypto enthusiasts worry that the president's push into meme coins isn't helping their efforts to establish the credibility, stability and legitimacy they had thought his administration would bring to their businesses. After feeling unfairly targeted by the Biden administration, the industry has quickly become a ...
Bitcoin ETFs have now seen five consecutive weeks of inflows totaling over $600 million, led by BlackRock's IBIT, despite some outflows from some funds
With the inclusion, Coinbase Global will replace Discover Financial Services in the S&P 500 index
Bitcoin (BTC), despite reclaiming the $107,068 level buoyed by favorable sentiments, has struggled to hold above it and slipped below the $104,000 mark
Among other altcoins, Cardano (ADA) was down 4.18 per cent, Solana (SOL) declined 4.08 per cent, Ripple (XRP) fell 2.18 per cent, and Binance Coin (BNB) dropped 1.7 per cent