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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 20:07The three major U.S. stock indexes closed mixedAccording to Jinse Finance, the three major U.S. stock indexes closed mixed, each posting gains for the second consecutive week. The Nasdaq fell 0.4%, with a cumulative weekly gain of 0.81%; the S&P 500 dropped 0.29%, up 0.94% for the week; and the Dow Jones rose 0.08%, with a weekly increase of 1.74%. Notably, both the Dow Jones and the S&P 500 reached intraday record highs during the session.
- 19:37The Federal Reserve Has Closed the "Novel Activities Supervision Program" Established in 2023According to a report by Jinse Finance, the Federal Reserve announced on Friday local time that it has closed the "Novel Activities Supervision Program" established in 2023. This program was originally intended, in part, to strengthen oversight of cryptocurrency activities within the banking sector.
- 18:08Data: If ETH Breaks Through $4,650, Total Short Liquidations on Major CEXs Will Reach $2.394 BillionAccording to ChainCatcher, citing data from Coinglass, if ETH surpasses $4,650, the total short liquidation volume on major CEXs will reach $2.394 billion. Conversely, if ETH falls below $4,210, the total long liquidation volume on major CEXs will reach $998 million.