More than half a billion in long positions were liquidated across the crypto market on Friday as the price of Bitcoin slipped below $116,000 amid a broader market tumble. According to CoinGlass data, $585.86 million in long positions were liquidated, with Bitcoin (BTC) accounting for $140.06 million of that total as it dropped 2.63% to…
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Rapidly growing institutional interest in Ethereum could trigger a supply shock and position Ether to outperform Bitcoin in the next six months, says Galaxy Digital CEO Michael Novogratz. “There’s not a lot of supply of ETH, and so I think ETH probably has a chance to outperform Bitcoin in the next three to six months,”…
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Ether may be heading for an unstable period in the near term, as the cost of borrowing wrapped Ether has spiked and technical indicators point to overvaluation, according to a crypto analyst. “We believe Ethereum is looking vulnerable in the near term,” 10x Research head of research Markus Thielen told Cointelegraph on Wednesday. “The market…
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The ink on the GENIUS Act is barely dry, but its ripple effects are already visible across the crypto industry. In just seven days, the sector added nearly $4 billion, pushing the stablecoin market cap above $264 billion and fueling corporate interest in related ventures. The surge is no surprise. The landmark legislation provides banks,…
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Key takeaways: A hidden bearish divergence on the RSI hints at weakening bullish momentum for Bitcoin. A CME gap between $114,000–$115,000 could act as a magnet. Market cyclicality and an assortment of indicators show Bitcoin in a distribution zone. Bitcoin (BTC) is showing signs of potential weakness, with three critical charts suggesting the possibility of…
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Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness. According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York,…
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Key takeaways ChatGPT Agent can automate crypto trading tasks like research, charting and strategy execution. It integrates real-time data, onchain metrics and sentiment analysis into a single workflow. While powerful, it requires human oversight to avoid hallucinations, API errors or security risks. Multi-agent systems may reshape crypto trading, but strategic judgment remains essential. On July…
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Key points: US spot ETF flows show Ether coming out on top against Bitcoin this week. Institutional capital is “rotating” into ETH, Swissblock says — a move that has implications beyond the short term. Ether could emerge as the next crypto bull market leader. Ether (ETH) is “rotating into leadership” as Bitcoin (BTC) swaps gains…
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Key points: US spot ETF flows show Ether coming out on top against Bitcoin this week. Institutional capital is “rotating” into ETH, Swissblock says — a move that has implications beyond the short term. Ether could emerge as the next crypto bull market leader. Ether (ETH) is “rotating into leadership” as Bitcoin (BTC) swaps gains…
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Key point: BTC faces selling at $120,000, but the bulls have not ceded much ground, hinting at a breakout to new highs. Bitcoin (BTC) turned down from the $120,000 resistance on Wednesday, indicating that the bears are fiercely defending the level. The failure to break above the overhead resistance has resulted in net outflows of…
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