Bitcoin and major cryptocurrencies advanced as traders debated whether a weekly death cross signals the final phase of the bear market rather than the start of a new downturn. Analysts point to BTCs reclaim of its 200-week moving average and historical performance around previous death crosses as reasons to favor gradual accumulation.
Bitcoin extended gains after Robinhood launched its blockchain, with the company touting it as ideal for both real-world assets and meme coins.Notable Statistics:
Coinglass data shows 55,831 traders were liquidated in the past 24 hours for $148.86 million.
SoSoValue data shows net outflows of $84.9 million from spot Bitcoin ETFs on Wednesday. Spot Ethereum ETFs saw net inflows of $70.5 million.
In the past 24 hours, top gainers include Arbitrum, Celestia and Canton.
Bitcoin slid sharply to start the month, weighed down by news that Michael Saylor sold BTC for the first time.
Bitcoin held steady despite continued ETF outflows and nearly $500 million in crypto liquidations, with analysts divided on…
Bitcoin is rebounding off the back of a relief rally after hitting some of its most oversold levels ever.
Bitcoin traded near $63,000 on Thursday as cryptocurrency markets extended their decline amid more than $1 billion in…
Bitcoin extended losses as markets reacted to a hawkish Federal Reserve stance under new Chair Kevin Warsh, boosting the U.S.…
Bitcoin dropped towards $65,000 on Wednesday as crypto markets face a wave of ETF outflows, more than $1 billion in liquidations,…
