Bitcoin Metrics Signal Weak Demand as BTC ETF Hype Slows: CryptoQuant
Apparent demand has slowed considerably since early April and even dipped into negative territory this month, the firm noted.
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Price
Financial
Trump’s Election Odds Are Not The Dominant Driver of Bitcoin’s Price, Data Show
Many crosscurrents influencing prices, such as U.S. monetary policy expectations and supply overhangs, might be responsible for the weak correlation between election odds and BTC prices.
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Bitcoin Miner Capitulation and Record High Hashrate Points to Possible Price Bottom: CryptoQuant
Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months.
Financial
Bitcoin Likely to Fall by $5K Than Rise by Same Amount: Analyst
The BTC market shows signs of seller dominance, FxPro’s analyst said.
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XRP Bullish Options’ Popularity Jump May Be Due to ETF Speculation, Observers Say
Traders have locked in over $2 million in XRP’s $1.10 call option listed on Deribit, the highest across all available maturities.
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Bitcoin Nears $58K in Selloff Ahead of Busy Data Week
Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.
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Bitcoin’s 12% Price Rally on Thursday Was The Biggest Since February 2022
Risk assets stabilized as upbeat weekly U.S. jobs veri eased recession concerns.
Financial
Bitcoin Nears $60K as Crypto Bounce Accelerates, But Recovery Might Be Choppy
While the crypto rally was broad-based, with ETH, SOL, NEAR gaining 8%-10%, prices rarely go up in a straight line following major capitulation events such as Monday’s crash, one observer noted.
Financial
JPMorgan Remains Cautious on Bitcoin as Positive Catalysts Mostly Priced-In
Retail investors seems to have played large role in recent crypto selloff that saw sharpest correction since FTX, the bank said.
Financial
First Mover Americas: Crypto Rebounds From Monday’s Chaos
The latest price moves in crypto markets in context for Aug 6, 2024.