The Benchmark Company initiates buy rating on Strive with $32 price target, sees nearly 100% upside

Bitcoin has experienced significant selling pressure following a 16% drop since Monday — a decline that has compressed the recovery from the cycle lows and forced a reassessment of where the market’s structural support actually lies. Against that backdrop, CryptoQuant analyst Woominkyu has identified a signal in the mining data that places the current weakness in a historical context that spans the entirety of Bitcoin’s market cycle history. Related Reading: Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels The 30-day moving average of Bitcoin’s hashrate has turned downward alongside the price decline. Woominkyu frames the significance of that development with a precision that separates it from routine data monitoring. Hashrate is not simply a network metric — it represents the physical security layer of the Bitcoin network and the proof that miners are committing real energy and real capital to defend the current price level. When the 30-day hashrate average

After a prolonged period of downside price action, Bitcoin is now on the verge of breaking the $63,000 mark, a level that was last seen in late 2024. Given the robust drop from its all-time high of $126,000, BTC has significantly underperformed when compared to several assets in the stock market. Micron Technology, A Stronger […]

When the broader crypto market experiences sudden volatility, smart money immediately rotates out of over-leveraged assets and begins searching for undervalued projects rooted in absolute utility. This week’s sudden $10K slide in Bitcoin has exposed the fragile nature of speculative hype, driving forward-thinking traders directly toward sustainable network alternatives. Enter Solana Unchained, an ecosystem changing […] The post Bitcoin’s $10K Drop This Week Is Sending Traders Hunting for the Next Move — $UCHN Phase 1 Closes in Hours appeared first on Live Bitcoin News.

Data shows the spot ETFs and Strategy have absorbed more Bitcoin than Satoshi’s stack since the asset was last at $63,000, yet the asset has returned to the same level. Bitcoin Could Be Headed Toward The Realized Price In a new post on X, CryptoQuant founder Ki Young Ju has talked about the latest crash in the Bitcoin price. Since mid-May, the cryptocurrency has gone through a significant drawdown that has taken its value from a high above $81,000 all the way down to the $63,000 level. A major part of this decline has come in June alone, with BTC even hitting a brief low below the $62,000 mark. Related Reading: Bitcoin Traders Turn Most Fearful In 2 Months Following Crash The latest downturn has interestingly arrived despite some positive developments in the market. Young Ju pointed out that since BTC was at $63,000 in March 2024, the asset’s supply has gone through a distribution shift. The spot exchange-traded funds (ETFs), investment vehicles introduced in the United States in 2024,

Morgan Stanley's Bitcoin ETF signals growing institutional acceptance, potentially driving significant capital inflows and influencing market dynamics. The post Morgan Stanley boosts Bitcoin holdings by over 220 BTC via MSBT ETF appeared first on Crypto Briefing.

Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance near $63,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $65,000 and $65,500 levels. Bitcoin Price Extends Losses Bitcoin price failed to stay above the $66,500 support zone. BTC remained in a bearish zone and extended losses below the $65,000 level. There was a move below the $64,000 level. The price even dipped below $62,500. A low was formed at $61,255 and the price is still showing many bearish signs. It is below the 23.6% Fib retracement level of the downward move from the $74,070 swing high to the $61,255 low. Bitcoin is now trading below $64,000 and the 100 hourly simple movin

Bitcoin has reached Peter Brandt’s February downside target, but the veteran trader says BTC could still move lower before forming a tradable bottom. In an earlier outlook, he projected a potential $300,000 to $500,000 bitcoin peak in 2029. Peter Brandt Says Bitcoin May Not Find a Tradable Low Until October Bitcoin’s latest drop has returned […]

Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks. Now, the expert is sharing new insights on the latest price decline, forecasting how far the ongoing correction might go and what could come next for the leading cryptocurrency. Analyst Predicts More Declines Ahead For Bitcoin Crypto market analyst Crypto Patel on X is predicting further declines for Bitcoin, identifying $50,000 as a potential bottom for this cycle. In what he called a “Bitcoin Profit Update,” Patel highlighted that he had accurately forecasted the recent 19% crash in Bitcoin in his earlier posts. Related Reading: Here’s Why The Bitcoin Price Is Crashing And What To Expect Next Previously, the analyst had warned that Bitcoin’s previous $80,000 level represented strong resistance,