Bitcoin may be wrapping up its bear market.
Coinbase CEO Brian Armstrong says Bitcoin bottomed at $60,000, citing halving cycles. But on-chain data and community polls suggest the market isn't Coinbase CEO Brian Armstrong says $60,000 is Bitcoin's bottom.
Miner wallets gained $4.7 billion in value, though price appreciation tells part of the story.
Whale wallets sold 72 BTC and opened a 20x leveraged long position on 12,000 ETH on Hyperliquid, signaling a major rotation from Bitcoin to Ethereum. Whales dump 72 BTC to open 20x leveraged long on 12,000 ETH.
Bitcoin has flashed an “end of bear market” signal after its short-term holder cost basis fell below the adjusted long-term holder level. The crossover mirrors previous bitcoin cycles, suggesting the market may be entering the final stage of its bear phase.
Bitcoin nears a $66K breakout as new buyers strengthen support, while $69K remains the broader test.
Michael Saylor says bitcoin cannot achieve global monetary status without corporate adoption. Public companies now hold more than 1.26 million BTC, while Strategy's financing model shows how bitcoin is being used as both a reserve asset and a source of liquidity.
Bitcoin's supply tightened on exchanges, but buyers still lacked conviction.
Bitcoin price climbed about 1% to trade above $64,000 during Saturdays session, outperforming a largely flat cryptocurrency market as investors weighed rising geopolitical tensions against strong institutional demand. While the escalating U.S.-Iran conflict increased uncertainty across global markets, steady inflows into spot Bitcoin ETFs and optimism surrounding U.S. crypto regulation helped support sentiment.
The cryptocurrency market traded in mixed fashion early Saturday, with Bitcoin (BTC) and Ethereum (ETH) posting modest gains even as overall trading activity cooled—an alignment that often signals 'wait-and-see' positioning rather than broad-based risk-on momentum. According to TokenPostMarket data as of 11:07 a.m.
Bloomberg Intelligence's Eric Balchunas says Bitcoin ETFs could triple gold ETF AUM in 3-5 years, drawing lessons from gold's volatile 22-year ETF history. Bitcoin ETFs likely to mirror gold's 22-year ETF history, says Bloomberg Intelligence.
Bitcoin's derivatives markets are heating up fast.