Bitcoin’s drop below $115,000 saw significant liquidations of late longs, but BTC’s bullish scenario remained intact, according to analysts and onchain metrics.
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- Market Analysis
- Market Update
Bitcoin traders continue to grapple with mass selling of "OG" BTC, but RSI values are already hinting at a recovery after a trip to single digits.
- Markets News
The sudden crypto market downturn saw 213,729 traders get liquidated for a total of nearly $600 million over the past 24 hours.
- Markets News
Galaxy Digital CEO Michael Novogratz says institutional interest may be the secret sauce that sees Ether outperform Bitcoin in the next three to six months.
- Markets News
The surging borrowing rates in the Ethereum network may send “ripple effects across the Ethereum ecosystem,” says a crypto researcher.
- Market Analysis
Bitcoin may face a short-term dip as a bearish divergence, CME gap, and a high IBCI reading point to downside below $115,000.
- Altcoin Watch
XRP vastly outperformed ETH over the past year, but institutional investor demand for Ether could change the trend.
- Price Analysis
Bit Origin’s DOGE purchase for its crypto treasury could improve sentiment and boost the altcoin above the $0.29 resistance.
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