Crypto News
Bitcoin (BTC) Resilience Amid Rising Leverage: A Market Overview
Bitcoin's recent price rebound highlights its structural strength despite increased leverage in altcoins, posing risks of potential deleveraging events, according to Bitfinex Alpha insights. (Read More)Source link
Analyst Says ETH Could Hit $13K as Early as Q4, With $8K as His Conservative Target
A popular pseudonymous crypto analyst on X known as "Wolf has outlined a bullish roadmap for ether, predicting the second-largest cryptocurrency could hit $13,000 as early as the fourth quarter. While $13,000 is his optimistic scenario, Wolf’s conservative target still places ETH above $8,000 — more than double its current level.In a chart-based post shared Friday, Wolf said he expects ether to continue rising sharply after reaching new all-time highs, though he warned of a 20%–25% correction following that breakout. He characterized this pullback as a “final shakeout” before a longer-term rally resumes.Supporting the bullish outlook, institutional activity appears to be picking up. On-chain analysis service "Lookonchain" reported Monday that SharpLink Gaming (SBET), the Nasdaq-listed company that launched its ETH...
Bitcoin and Ethereum ETFs Pull in Record-High $11.2 Billion in July
Bitcoin and Ethereum ETFs broke records in July with $11.2 billion monthly inflows, as ETH funds continue to outpace Bitcoin.Source link
MARA Holdings Finalizes $950 Million Convertible Notes Offering
MARA Holdings, Inc. closes a $950 million offering of 0.00% convertible senior notes due 2032, aiming to fund bitcoin acquisitions and corporate initiatives. (Read More)Source link
Bitcoin Seeing Severe Exhaustion of Bullish Momentum
This is a daily analysis of top tokens with CME futures by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Bitcoin: Correction risks mountBitcoin (BTC) continues to trade directionless near $120,000 amid data from the Deribit-listed options showing a significant positive dealer gamma at the $120,000 and $120,500 strikes. When dealers have a positive gamma exposure, they buy low and sell high to rebalance their net exposure to neutral, inadvertently arresting volatility.The crucial support area between $116,000 and $117,000, validated by both price charts and on-chain activity, if breached, would likely pave the way for a retest of the May high just below $112,000. Conversely, a convincing move above $120,000 will likely bring record highs.That said, the case for an extended...