This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. A key indicator suggests that bitcoin’s BTC$106,760.33 price could soon become more volatile, possibly leading to the next leg higher in the cryptocurrency. This indicator is based on the gap between the bollinger bands, which are volatility bands placed two […]
Japanese investment firm Metaplanet announced on Monday that it had acquired 1,112 BTC for approximately $117.2 million, bringing its total holdings to 10,000 BTC and reaching the target it set for this year. The announcement coincided with the board’s approval of a $210 million bond issuance to EVO Fund, a Cayman Islands-based investment firm. The […]
Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and might aim for a move above the $106,800 resistance. Bitcoin started a fresh decline below the $106,800 and $105,500 levels. The price is trading near $105,800 and the 100 hourly Simple moving average. There was a break above a […]
Legendary hedge fund manager Cliff Asness recently amplified his criticism of Bitcoin advocates, slamming them as “Ponzi cultists” in his recent post on the X social media. The founder of AQR Capital Management came to the defense of famed short-seller Jim Chanos, who he believes is “one of the GOATs.” Chanos is, of course, currently […]
For several years, Strategy (formerly MicroStrategy) was the sole public company whose modus operandi was buying millions of dollars worth of Bitcoin with borrowed capital. These days, several other companies are trying to follow in Strategy’s footsteps. As more companies go all-in on stacking Bitcoin, critics are raising concerns about the growing centralization of crypto […]
The Bitcoin price today is struggling to stay above the $105,000 mark after rejecting lower support near $104,200. The latest daily structure shows BTC trapped in a corrective flag formation, while the broader trend remains intact above key higher-timeframe Fibonacci levels. What’s Happening With Bitcoin’s Price? BTC price dynamics (Source: TradingView) Following the June 13 […]
Here’s why Polyhedra (ZKJ) crashed over 80% in an hour Paul L. Cryptocurrency Jun 15, 2025 Share The price of Polyhedra Network’s native token, ZKJ, known for its focus on scalability, plunged over 80% on Sunday, wiping out nearly $100 million in long positions within an hour. Before the crash, ZKJ was trading at $1.90. […]
World’s first spot XRP ETF crashes 20% Paul L. Cryptocurrency Jun 15, 2025 Share The world’s first spot XRP exchange-traded fund (ETF), issued by Brazilian cryptocurrency asset manager Hashdex, has plunged sharply over the past month, which aligns with XRP’s broader market performance. Trading under the ticker XRPH11 on Brazil’s B3 stock exchange, the ETF […]
“Hey bitcoin, Do Something!” The viral meme — starring a stick figure poking the ground and depicting a need for reaction — might just sum up the current scene at digital assets trading desks during the slow, early summer days. Sure, bitcoin BTC$105,434.25 just hit new fresh highs and is still trading above $100,000, but […]
Experts predict when quantum computers will break Bitcoin’s encryption Paul L. Cryptocurrency Jun 15, 2025 Share Recent advances in quantum computing have reignited concerns about the security of cryptocurrencies like Bitcoin (BTC). Most notably, IBM (NYSE: IBM) plans to launch the world’s first fault-tolerant quantum computer, IBM Quantum Starling, by 2029, a major leap from […]