Bitcoin's Technical Gains Fade as Price Reverses Lower
Bitcoin's technical gains from yesterday unravel as price falls below key moving averages, with support now tested at the $75,668-$76,229 zone.
Bitcoin, Ethereum and the wider digital asset market: price action, on-chain flows, protocol upgrades and institutional adoption.
Bitcoin's technical gains from yesterday unravel as price falls below key moving averages, with support now tested at the $75,668-$76,229 zone.
Crypto slips and markets trade rangebound as investors await the Clarity Act vote and tomorrow's FOMC decision.
Balancer CEO proposes winding down the protocol after a $130M hack, distributing $9M treasury to BAL holders.
Zcash has rallied since its Grayscale ETF began trading. The Clarity Act vote and FOMC decision are the next key events.
Bitcoin's four-hour chart shows a potential rounded-top pattern with a downside target near $71,000 if $76,000 support breaks.
Dogecoin dropped below $0.083 as ETF demand stayed quiet and long-to-short positioning hit a one-month low.
Crypto exchange volumes jumped in August, with spot and futures hitting multi-month highs, which CryptoQuant sees as a possible end to the bear market.
Stablecoin issuers and tokenised Treasury products can benefit from high rates, even as Bitcoin suffers.
XRP and XLM rose over 8% on September 14 as the Senate prepared for a key vote on the CLARITY Act, which would classify some digital assets as commodities.
Bitway, Venice Token and Filecoin lead weekly altcoin gains with mixed chart confirmation and diverging technical patterns.
Balancer proposes a phased wind-down due to declining revenue, returning DAO treasury to token holders.
BitMine, DFDV, and Strive added to their crypto treasuries last week, while Strategy bought back stock and held its Bitcoin.
CoinEx will halt all operations by December 22, citing market conditions and compliance costs.
Ethereum hit a Q2 record of 203.9 million transactions, but monthly active users fell 30%. Staking and fees also rose.
Swiss Bitcoin Pay temporarily shut down its servers after a data breach exposed customer emails, bitcoin addresses and transaction history.