Key takeaways: Since 2021, 78% of Bitcoin’s bullish engulfing patterns have led to new local highs, especially within broader uptrends. Bitcoin has absorbed over $544 billion in capital since November 2022, pushing the realized market cap to $944 billion. Bitcoin (BTC) closed Monday with a strong 4.34% daily gain, forming a bullish engulfing candlestick that…
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A US district court denied a joint motion from the US Securities and Exchange Commission (SEC) and Ripple requesting an indicative ruling to reduce a $125 million civil penalty and reverse an order defining primary sales of XRP (XRP) to institutional investors as securities transactions under Article 5 of the Securities Act. An indicative ruling…
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Key takeaways: Bitcoin’s weakening MVRV momentum could signal the start of the late stage of the bull cycle. Spot and onchain transfer volume must recover for BTC price to break out. BTC bulls must flip the $108,000-$110,000 into new support. Bitcoin’s 50% rally to $112,000 from its April lows below $74,000 appears to be cooling…
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The rise of Bitcoin ETFs Bitcoin ETFs are investment vehicles that allow institutional and retail investors to gain exposure to Bitcoin without directly owning or managing the cryptocurrency. Since the US Securities and Exchange Commission approved spot Bitcoin ETFs in January 2024, the market has grown substantially. By Q4 2024, institutional holdings in US Bitcoin…
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Key points: Bitcoin order book liquidity remains a decisive force on low-timeframe BTC price action after a $108,000 grab. Whales show divergent behavior from smaller retail investors, choosing to up BTC exposure at current prices. A “normal and healthy” support retest is now on the cards, with the 50-day SMA of interest to buyers. Bitcoin…
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A British man accused of operating under the alias “IntelBroker” on cybercrime forums has been indicted for allegedly selling stolen data in a case that caused more than $25 million in damages The US Southern District of New York Attorney’s Office announced Kai West’s indictment on Wednesday. West allegedly operated on online black markets under…
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The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.”…
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The national spokesperson for India’s ruling party called on the country to consider launching a Bitcoin reserve pilot, saying that it would be a strategic step toward economic resilience. In an article for India Today, Bharatiya Janata Party (BJP) spokesperson Pradeep Bhandari said the US strategic Bitcoin (BTC) reserve and Bhutan’s state-led mining operations signal…
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Key takeaways: Wall Street poured over $1 billion into Bitcoin ETFs this week amid rising bets on Fed rate cuts and a weakening US dollar. Trump’s early Fed replacement plans intensified dollar selloffs, pushing DXY to its lowest since April 2022. Analysts warn July could trigger a major dollar breakdown, fueling Bitcoin’s rise toward new…
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Key points: Bitcoin miners are showing rare behavior as BTC price action hits repeat all-time highs in 2025. Large miners are adding to their reserves, while the oldest participants have slashed sales compared to 2024. Miners are nonetheless “extremely underpaid” at current prices, research says. Bitcoin (BTC) miners have added 4,000 BTC to their reserves…
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