Author: driver789
A Glassnode analyst has pointed out how Ethereum is retesting a dense supply cluster that could set the tone for where the cryptocurrency heads next. Ethereum Is Trading At A Dense Level On The CBD In a new post on X, Glassnode analyst Chris Beamish has talked about how Ethereum is looking from the perspective of the Cost Basis Distribution (CBD). The CBD is an on-chain indicator that tells us about the total amount of ETH that investors last purchased at the various levels that the cryptocurrency has visited in its history. Below is the chart shared by Beamish that…
Bitcoin (BTC) traded as high as $76,900 on Wednesday, up 4.5% above its 15-month low of $72,860, reached on Tuesday. However, there are increasing signs that Bitcoin’s price could experience a deeper correction over the following weeks or months.Key takeaways:Bitcoin confirms bearish technical patterns on multiple time frames, risking a deeper correction toward $60,000.Bitcoin’s Puell Multiple could stay in the discount zone longer, indicating a continuation of the downtrend.A surge in BTC inflows to Binance could provide bears with fuel for a deeper pullback.Bitcoin’s chart technicals target sub-$60,000The BTC/USD pair had confirmed a head-and-shoulders (H&S) pattern on its weekly chart,…
The crypto market is enjoying a rare period of calm after Tuesday’s selloff took bitcoin BTC$75,925.17 and ether ETH$2,251.72 to fresh multiyear lows.BTC was recently trading at $76,100 having bounced from $72,870, the lowest since November 2024, while ETH is at $2,255 after dropping to a level not seen since May last year. Both assets in the black since midnight UTC, if only just.The altcoin market is mixed, with privacy coins embarking on a much-needed bounce while Solana-based tokens like PUMP and JUP fell, losing 2% and 2.5%, respectively, since midnight.The recovery occurred after the U.S. House of Representatives passed…
Bitwise Asset Management is reportedly acquiring institutional staking provider Chorus One, extending its push into cryptocurrency yield services.The acquisition adds a major staking operation to the crypto asset manager’s platform as demand for onchain yield products increases among both retail and institutional investors.Chorus One provides staking services for decentralized networks and currently has approximately $2.2 billion in assets staked, according to its website.The financial terms of the deal were not disclosed, Bloomberg reported on Wednesday, citing statements from both companies.Cointelegraph reached out to Bitwise and Chorus One for comment, but had not received a response by publication.Related: 21Shares launches first…
The cryptocurrency market is currently battling a period of extreme turbulence for its major assets. Bitcoin, Ethereum, and XRP, are experiencing a painful free fall. This broad market sell-off stems from a mix of macroeconomic uncertainty and a sharp cooling of an earlier bullish sentiment. Consequently, while the ‘big three’ struggle to find a stable floor, the surrounding volatility has redirected the attention of seasoned traders. Instead of retreating, investors are moving toward high-conviction assets that thrive in chaotic environments. Historically, when the majors bleed, capital rotates into projects with strong cultural narratives and aggressive growth strategies. These shifting dynamics…
Ethereum price fell toward $2,200 after another wave of selling, with rising volume and weak momentum keeping traders on the defensive. Summary Ethereum continued to slide as traders reduced risk exposure. Futures data showed rising activity but falling confidence. Technical signals point to limited upside without a strong rebound. At the time of writing, Ethereum was trading at $2,264, a 2.8% decline over the previous day, further sinking into a vulnerable range. This drop comes after a steep sell-off that has caused ETH to drop across all significant time periods. Ethereum (ETH) has fluctuated between $2,120 and $3,034 over the…
Tether has open-sourced a new operating system for bitcoin mining, unveiling MiningOS (MOS) as part of a broader push to reduce the industry’s reliance on proprietary, vendor-controlled software. The stablecoin issuer announced Monday that MOS, a modular and scalable operating system designed to manage, monitor, and automate bitcoin mining operations, is now available as open-source software under the Apache 2.0 license. The system was officially unveiled at the 2026 Plan ₿ Forum in San Salvador. According to Tether, MOS is built to coordinate the complex mix of hardware, power systems, containers, and physical infrastructure that underpin modern bitcoin mining. Rather…
Ethereum (ETH) has entered a decisive phase after a sharp sell-off erased much of its recent gains and pushed the price toward the closely watched $2,200 level. The move followed repeated failures to break above the $2,500–$2,550 zone, triggering liquidations. Related Reading: Crypto Hacks Explode: $370 Million Stolen In January Alone: Researchers With large holders taking opposing positions and on-chain data flashing caution, ETH is now at a point where both downside risk and rebound potential remain firmly in play. ETH’s price records major losses across the board. Source: ETHUSD on Tradingview Ethereum Price Structure Weakens as $2,200 Comes Into…
Bitcoin exchange-traded funds (ETFs) have hit a new low for the year in assets under management (AUM) after a series of heavy outflows.Assets in spot Bitcoin (BTC) ETFs slipped below $100 billion on Tuesday following a fresh $272 million in outflows, according to data from SoSoValue.This marked the first time spot Bitcoin ETF AUM had slipped under the $100 billion threshold since April 2025, after peaking at about $168 billion in October.The drop came amid a broader crypto market sell-off, with Bitcoin sliding below $74,000 on Tuesday. The global cryptocurrency market capitalization fell from $3.11 trillion to $2.64 trillion over…
Bitcoin exchange-traded funds saw fresh outflows on Tuesday even as ether- and XRP-linked products drew net inflows, indicative of a growing split in how investors are positioning across major crypto assets during the latest bout of market volatility.U.S.-listed spot bitcoin ETFs recorded roughly $272 million in net outflows on Feb. 3, according to data compiled by SoSoValue, extending a pattern of distribution that has emerged during bitcoin’s recent price swings.(SoSovalue) The withdrawals came as bitcoin whipsawed sharply, sliding toward $73,000 before rebounding above $76,000, a move traders attributed to thin liquidity and fast-moving macro headlines.In contrast, spot ether ETFs posted…