Bitcoin picks up speed. BTC crossed $66,500 before continuing its rise towards $69,000.
VanEck noted that Bitcoin triggered 8 of its 12 capitulation signals; all 12 touched their zones over the past three months. Historically, when between 8 and 12 signals are triggered, returns at 90 and 180 days fall below the cryptocurrency's historical averages. Spot bitcoin ETFs in the U.S.
The exploit highlights vulnerabilities in cross-chain DeFi systems, potentially undermining trust and stability in decentralized finance networks. Maya Protocol halts operations after $1.7M Bitcoin exploit.
Bitcoin's sudden price surge on Wednesday caused over $1.9 billion in total market liquidations within 24 hours, heavily liquidating $1.74 billion in short positions. Bitcoin Rally and Consolidation After falling just short of hitting $70,000 on reports that the U.S. Treasury is doubling bond buybacks to $4 billion, bitcoin appeared to consolidate above $68,200.
DEFI holders await a late-August cash payout exposed to closing costs and Bitcoin prices after NYSE Arca trading ended Aug. 17.
Crypto prices surge as Bitcoin reclaims $68K and Ethereum tops $2,000, boosted by Treasury buybacks, ETF inflows, short liquidations and regulatory optimism.
Bitcoin's latest rally has triggered an unprecedented wave of short liquidations.
Anthony Scaramucci says some longtime Bitcoin holders treated $100,000 as a key selling level after holding BTC for 10 to 15 years. He expects Bitcoin to recover above $100,000 despite the current correction and slower market momentum. Scaramucci also sees growing potential for AI agents to use blockchain networks for automated transactions and settlement.
The cross-chain protocol said an attacker exploited six software flaws to drain Bitcoin and other assets, sending its CACAO token plunging.
This Wednesday, Bitcoin's price surged, triggering a massive cascade of liquidations exceeding $1.2 billion in short positions. Following this abrupt upward move, investment strategist and advisor Jeff Park reacted by highlighting the “Bitcoin up, AI down” dynamic, underscoring how capital rotation has once again strongly favored digital assets over the traditional tech sector.
Bitcoin has triggered eight of VanEck's 12 capitulation signals after falling 49% from its peak, although the firm's historical data has shown no return advantage within six months.
While bitcoin struggles to find a clear direction, VanEck attempts to date the end of the correction. The asset manager relies on on-chain data and market structure to measure the extent of the purge, especially among long-term holders.