Latest financial and economic news and analysis
Will Bitcoin breakout of its death cross? Can Zcash continue to make holders forget about that mid-June crash?
Bitcoin held firmly above $64,000 despite intraday swings between $63,900 and $64,706. The modest price gains triggered heavy losses for short sellers, driving $148 million in short liquidations out of $216 million across the total crypto market.
Analyst Jake Claver argues DeFi is standing at a fork in the road, and the path it takes will determine whether institutional capital ever shows up at scale. His answer centers heavily on one network: the XRP Ledger.
Bitcoin continues trading between $62,000 and $65,000 despite several attempts to break below support, showing that buyers continue to absorb selling pressure while overall spot market liquidity remains limited. According to Bitfinex Alpha, the market's reaction to selling events matters more than the events themselves.
Russian President Vladimir Putin has signed legislation establishing the country's broadest cryptocurrency framework to date, allowing regulated investment and trading from September 1, 2026, while preserving the ban on using digital assets for domestic payments.
Bitcoin may still face further downside, with Hayes watching a possible move toward the $50K range before recovery.
Major cryptocurrencies rallied over 1% on Wednesday, buoyed by continuing strength in the equity market. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $64,717 Ethereum (CRYPTO: ETH) $1,914 Solana (CRYPTO: SOL) $74.12 XRP (CRYPTO: XRP) $1.06 Dogecoin (CRYPTO: DOGE) $0.06995 Shiba Inu (CRYPTO: SHIB) $0.054907 Notable Statistics: Coinglass data shows 69,958 traders were liquidated in the past 24 hours for $216.18 million.
Trump's crypto ventures are often the talks of the town. From Senate debates over potential conflicts of interest to reports estimating billions in paper gains tied to digital assets, the President's growing footprint in crypto has remained under the spotlight.
BNB traded near $600 on Aug. 5 after breaking out of its July range, while rising derivatives activity and nearby liquidation clusters pointed to a possible test of $610.
Ethereum (ETH) is consolidating within a flag pattern near $1,850 following its recent breakout above a key support. If this pattern is broken to the upside, we could witness a strong rally to $2,500.
An increasing number of miners have been letting go of their Bitcoin holdings to fund a pivot into AI data centers, and just a few days into August, more Bitcoin has been sold for the same purpose. Cipher Digital (NASDAQ: CIFR) and Hyperscale Data (NYSEAMERICAN: GPUS) are the latest miners to sell Bitcoin.
Bitcoin held near $64,000 as spot ETFs drew $211.5 million Tuesday while analysts flag bottom signals forming without a demand engine.
XRP (CRYPTO: XRP) realized volatility hit a three-month low on Wednesday as three major exchanges saw intensified withdrawal activity. What The Volatility Drop Is Telling Traders?
Cryptocurrency project Scandic Coin (SNC) has issued a formal public demand for answers from the exchange BitMart regarding three long-pending withdrawal requests that remain unresolved.
Binance XRP realized volatility has fallen to a 3-month low as XRP trades near $1.06, signaling a calmer market that could precede a major price move
