BNB slid nearly 3% over the past 24 hours, falling to around $844 as a sharp reversal in bitcoin and renewed weakness in U.S. tech stocks rippled through crypto markets. The token minutes earlier had risen to $872, but failed to hold gains before selling… Read More
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$86,673.90 trades close to a crucial long-term price line that’s held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR),… Read More
Bitcoin’s BTC$87,474.65 derivatives market is flashing signals of stability in a broad range rather than a massive moonshot or violent crash. Activity in Deribit-listed options shows strong support around $85,000 from heavy put selling (writing) or traders offering insurance against price drops below that level.… Read More
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$89,237.53 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s… Read More
Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names dropped. The firm, which began as business software provider MicroStrategy, pivoted in 2020 to stockpiling bitcoin as its core strategy. It has since then accumulated… Read More
Crypto markets absorbed one of their largest leverage resets in weeks in the past 24 hours with more than $514 million in positions liquidated over 24 hours as a sharp intraday swing triggered forced selling across major derivatives venues. Data from CoinGlass shows that longs… Read More
