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Bitcoin recently hit a new all-time high of $118,856, a jump of almost 10%! Its market cap soared to over $2.34 trillion. But is this the peak, or is there more to come? Some on-chain data suggests there’s still room for growth. Short-Term Holders Aren’t Selling (Yet!) A market analyst looked at the Short-Term Holder…
Bitcoin’s price is holding steady, but its market dominance is slipping. Analysts are focusing less on Bitcoin’s price and more on its shrinking market share, suggesting altcoins might be ready to shine. One analyst’s recent post highlighted nine factors supporting this altcoin season theory. Technical Signals: Bitcoin’s Dominance Fades The analyst points to June 27th,…
Bitcoin’s open interest—a measure of outstanding derivative contracts—has skyrocketed again, surpassing previous record highs. This surge comes as the Bitcoin price has comfortably stayed above $100,000 for a while, boosting investor confidence. History Repeating Itself? This isn’t the first time we’ve seen this. Back in December 2024, open interest climbed past $70 billion, a record…
Bitcoin’s price has been on a tear lately, recently hitting a new all-time high. This surge caused over $470 million in losses for traders betting against Bitcoin (shorting). One analyst believes shorting Bitcoin is now incredibly risky. Why the “Illegal” Shorting Claim? Crypto analyst CrediBULL Crypto declared on X (formerly Twitter) that shorting Bitcoin is…
Injective is making headlines! Its price has jumped a whopping 27% since last week, riding the wave of a broader crypto market upswing. This isn’t just about Bitcoin hitting new highs; it’s about Injective’s strategic moves. The Injective Council: A Powerhouse Partnership A major reason for Injective’s surge is the launch of its new strategic…
This story is about how cryptocurrency, specifically Shiba Inu coin, is slowly becoming a more common way to pay for things. A $5,000 Dental Bill, Paid in SHIB Someone in the US paid a $5,000 dental bill using Shiba Inu! They did it through an app called Zypto, which converts the cryptocurrency to dollars and…
The crypto market is exploding! Bitcoin just smashed its previous record, hitting nearly $118,000, and Ethereum surpassed $2,850. This is fueling serious optimism, with many believing a massive bull run is just beginning. A Political Twist Adding to the excitement (and uncertainty) are rumors that Federal Reserve Chairman Jerome Powell might resign. President Trump has…
Bitcoin just hit a new high of over $118,000, and some meme coins are exploding! Let’s look at a few standouts. BONK’s Big Win Remember Pump.fun? Well, it’s losing ground to a competitor, LetsBonk.fun (created by the BONK team). LetsBonk.fun is now the bigger player. What’s driving this? The BONK team plans to use half…
Bitcoin’s price has been on a tear lately, recently hitting a new all-time high. This surge caused over $470 million in losses for traders betting against Bitcoin (shorting). One analyst believes shorting Bitcoin is now incredibly risky. Why the “Illegal” Shorting Claim? Crypto analyst CrediBULL Crypto declared on X (formerly Twitter) that shorting Bitcoin is…
A recent meeting in Shanghai hints at a possible shift in China’s strict anti-crypto policy. Let’s dive into the details. Shanghai’s Crypto Chat The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) held a meeting to discuss stablecoins and digital currencies. Around 60-70 government officials attended this unusual gathering. This is significant because China banned…
