Bitcoin has extended its recovery from recent lows and is now testing an important resistance region. While short-term momentum has improved, the asset is approaching an area that could determine whether the current rebound evolves into a larger breakout or another rejection within the broader consolidation. Bitcoin Price Analysis: The Daily Chart On the daily…
Canaan has authorized management to sell part of its Bitcoin and Ethereum holdings to finance share repurchases under an existing $30 million program. Summary Canaan’s crypto treasury was worth about $130 million as of Aug. 3. The miner held 1,915 BTC and 3,952 ETH at the end of June. Canaan had spent $2 million on…
The first update is scheduled for August 7, with the second set for the following day. The world’s largest cryptocurrency exchange will conduct a major scheduled upgrade on Saturday that will pause certain trading activities. The second major statement from the firm outlined the delisting of numerous trading pairs, one even against BTC. An…
Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated. Summary Bitcoin traded at $64,384, down 0.69% after failing to close above $65,000. Initial U.S. jobless claims reached 199,000, below economists’ forecast of 204,000. BTC found immediate support near $64,000, while $64,800–$65,000…
LDO remains trapped in a multi-year downtrend, with analysts watching $0.47 as the level needed for a possible reversal. Analyst Crypto Patel said on August 6 that Lido DAO’s LDO token could recover more than 1,700% after falling nearly 94% from its previous all-time high. The market watcher believes LDO is sitting in a…
Rarible has launched its NFT marketplace on Solana after months of development, naming Claynosaurz as its first featured collection. Summary Rarible is now live on Solana following several months of building and testing. Claynosaurz became the marketplace’s first featured Solana NFT collection. Rarible plans to add more Solana collections and marketplace features in the coming…
A drop in PEPE exchange balances has added to bullish expectations despite muted trader interest. PEPE recorded a net exchange outflow of 4.54 trillion tokens in a single day, which was the meme coin’s largest daily outflow from exchanges since November 14, 2024. Fewer tokens on exchanges mean less immediate selling pressure. Exchange Exodus…
Michael Saylor said ChatGPT helped him design the preferred stock financing model that enabled Strategy to raise about $15 billion for its Bitcoin-focused balance sheet. Summary Saylor credited ChatGPT with helping develop Strategy’s preferred stock financing structure. Strategy raised about $15 billion through the securities and related capital-market activity. The company reported holding 842,138 BTC…
In Bitcoin news today, BTC USD is trading near $64,800 as three distinct forces converged this week to reframe the asset’s risk and opportunity profile simultaneously. A Federal Reserve official opened the door to a rate hike, and a volunteer security group published nearly 5,000 vulnerability findings across the Bitcoin ecosystem. Michael Saylor has reaffirmed…
Martinez expects the next test to come around $1,980 and $2,080 before Ethereum challenges higher resistance levels. Crypto analyst Ali Martinez said on August 6 that Ethereum’s recent move above a major MVRV pricing level could open the way toward a $3,000 target. The market watcher’s view is based on historical on-chain patterns that…
