Arthur Hayes, the co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, has recently provided insights into the potential onset of the next "altcoin season" (altseason).
Read MoreArthur Hayes, the co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, has recently provided insights into the potential onset of the next "altcoin season" (altseason).
Read MoreIn the past two days, institutional investors have ceased their accumulation of stablecoins, leading to a notable decline in Bitcoin's price. As of 08:03 am UTC on August 12, Bitcoin (BTC) has dropped 3.9% to $58,930, falling from a weekly high of $62,510 and slipping below the $60,000 mark.
Read MoreRecently, analyst Franzen has closely examined Bitcoin's price action, particularly focusing on its 200-day moving average (MA), a key long-term indicator that has played a significant role in evaluating market trends since late 2022.
Read MoreFollowing a dramatic downturn in the cryptocurrency market on Monday, August 5, Bitcoin is beginning to recover, with its price climbing above $55,589—a 12.2% increase from its lowest point just a day prior.
Read MoreRecent data from IntoTheBlock reveals a promising trend for Bitcoin as the cryptocurrency network experiences a notable increase in daily new addresses. This uptick marks a significant reversal from earlier in the year when adoption levels had dipped to multi-year lows.
Read MoreIn recent trading sessions, Bitcoin's price has experienced a noticeable pullback, raising questions among investors and analysts about whether the bulls will regain control or if the selling pressure will persist.
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