Global #Bitcoin

A recent analysis by prominent crypto analyst CrediBULL Crypto has highlighted a significant divergence between Bitcoin (BTC) and Ethereum (ETH), indicating a potential disparity in their recovery trajectories.

Following 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.

Capula, a UK-based hedge fund managing over $30 billion in assets, has made significant moves in the cryptocurrency space by acquiring shares in two major Bitcoin ETFs: the Fidelity Wise Origin Bitcoin Fund (FBTC) and BlackRock’s iShares Bitcoin Trust (IBIT).

Bitcoin investors were jolted awake this Monday as the cryptocurrency experienced a dramatic 15% drop, with its price crashing to approximately $51,500. This sharp decline follows a troubling trend that has seen Bitcoin lose over 26% of its value in just one week, down from around $70,000 on July 29.

The cryptocurrency market witnessed a notable decline as Dogecoin (DOGE), along with Bitcoin and Ethereum, faced downward pressure in recent trading sessions.

The cryptocurrency market witnessed a significant downturn as Bitcoin, the leading digital currency, dropped below the $53,000 mark. This decline reflects broader uncertainties in global financial markets and highlights ongoing volatility in the crypto sector.