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Bitcoin metric calls 'local bottom' as traders eye sub-$60K BTC price – TradingView

Bitcoin BTCUSD With major BTC price indicators seeing room for growth, it suggests a third “local bottom” could occur in 2024. The latest research published by on-chain analytics platform CryptoQuant on August 8th shows bullish indications from the network value-to-transaction golden cross (NVT-GC) tool. BTC price is “overly depressed” Bitcoin is at risk of collapsing […]

Sen. Lummis proposes US government purchase 5% of total Bitcoin supply – TradingView

U.S. Senator Cynthia Lummis introduced the “Strategic Bitcoin Reserve” bill, proposing that the U.S. government purchase 5% of the global Bitcoin supply and hold it for at least 20 years. “This can be used for one purpose: to reduce debt,” Lummis declared during a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee on […]

Solana Leads Crypto Rally As Expectations For A Break Above $200 Grow – TradingView

Solana’s recent surge to $175 has surprised investors and analysts and caught the attention of market participants. Solana is now up 40% from its low of $123 this month. The cryptocurrency’s strong upward momentum has reignited optimism among traders and investors, who are eagerly anticipating a possible breakout above $200 within the coming week. Traders […]

Bitcoin dips below short-term holder realized price, sparking $60K fears – TradingView

Bitcoin BTCUSD Bitcoin recently dipped below $64,000, below the price realized by short-term holders, signaling a further decline to levels not seen in 49 days, according to cryptocurrency analytics firm CryptoQuant. “Bitcoin is trading below the critical support level of $65,800 and is currently below $64,000,” CryptoQuant said in a June 21 X post. “A […]