Crypto Market

Bitcoin and Ethereum have broken sharply higher after weeks of compressed trading, with BTC briefly touching $70,000 and Ether gaining almost 18% as fresh liquidity, institutional inflows and forced short covering hit the market at the same time. Bitcoin traded near $69,400 in the latest market check, up more than 7% over 24 hours, while Ethereum changed hands around $2,250, up roughly 18%. The move represents a major shift from last week, when Bitcoin was stuck near $63,900 as spot…

Bitcoin recovered above $64,400 on Sunday after briefly slipping below the $63,800 support level watched by technical traders. BTC traded near $64,491, up about 0.6%, after moving between $63,765 and $64,520 during the session. Spot trading volume stood near $14.3 billion over 24 hours, below the levels recorded during last week’s push above $66,000. Ali Martinez identified $63,800 as the immediate pivot, with a sustained hold opening a potential rebound toward $67,000. A breakdown would return attention to the $60,000…

Bitcoin climbed above $65,000 on Wednesday, breaking through a level that had rejected several recovery attempts since the market’s June selloff. BTC reached an intraday high near $65,500 before settling around $65,000, up roughly 5% over seven days. The breakout carried Bitcoin above the upper boundary of the short-term range that repeatedly capped price between $64,000 and $65,000 earlier in July. The rebound follows a volatile six-week stretch that briefly sent Bitcoin below $60,000 in late June. BTC had already…

Bitcoin fell below $63,000 after another rejection from the upper boundary of its short-term trading channel, shifting the immediate focus toward support near $61,700. BTC traded near $62,880, down about 1.4% over 24 hours, after moving between $62,580 and $64,273. The pullback erased an early-session attempt to hold above $64,000 and returned price below the midpoint of the latest range. The rejection extends a pattern that has repeatedly capped Bitcoin between $64,000 and $65,000. Buyers briefly pushed BTC through $63,000…

Crypto posted a third consecutive quarter of negative returns in Q2, the market’s longest losing streak since 2022, as large-cap tokens fell and spot bitcoin ETFs recorded their worst quarter of outflows on record. The Bitwise 10 Large Cap Crypto Index fell 15.4% in Q2, with eight of its 10 constituents ending the quarter lower. Onchain activity, trading volume and DeFi assets also slipped, while crypto’s correlation with stocks rose during a weaker period for risk assets. The drawdown came…

Bitcoin is trading below its 200-week simple moving average, putting BTC back near one of the market’s most watched long-term trend lines during the latest selloff. Ali Martinez flagged the 200-week SMA setup, placing the long-term average near $63,500 while Bitcoin traded just below it around the $60,000 area. BTC recently traded near $60,341, with an intraday low near $58,761 and an intraday high near $60,469. [caption id="attachment_465425" align="aligncenter" width="1302"] Source: @alicharts via X[/caption] The 200-week SMA smooths nearly four…

Ethereum is on track to close three consecutive red quarters for the first time in its history, turning ETH’s latest selloff into a longer structural drawdown rather than a short correction. CoinGlass-linked quarterly return data places ETH down 28.28% in Q4 2025 and 29.26% in Q1 2026. Q2 2026 remains negative with only a few days left before the quarter closes, leaving Ethereum close to a historic three-quarter losing streak unless price stages a sharp late recovery. ETH traded near…

USDT briefly overtook ETH to become the second-largest crypto asset by market cap, with Tether reaching about $191.5 billion against Ethereum near $187.5 billion during the move. The brief flip came as ETH fell about 5% on the day, cutting Ethereum’s market value below Tether’s dollar stablecoin supply for a short period. Market coverage captured the USDT crossover as Ethereum slipped and Tether’s market value held near the upper end of the stablecoin sector. Ethereum later moved back above USDT…

Bitwise CEO Hunter Horsley says crypto is moving through a dot-com-style shakeout where fewer projects survive, but the strongest networks may become larger and more durable than early market expectations. In an X post, Horsley compared today’s crypto market with the internet boom of the 1990s, when hundreds of companies reached $500 million to $1 billion valuations because investors believed almost every internet idea could work. By the early 2000s, that broad optimism had collapsed, leaving a smaller group of…