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Bitcoin is at the pivotal 50-day SMA support, and a drop below this level could result in accelerated selling of BTC and altcoins.
One analyst pointed out the $27,000 level could be a short-term target for bitcoin amid the lack of positive news.
The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.
XRP price is down today, like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.
One token zoomed 1,200% even though its related project closed in May, data shows.
Bitcoin whales account for the most exchange inflows volumewise since June 2022 as short-term holders become increasingly active.
The highly anticipated project co-founded by OpenAI's Sam Altman launched its token on Monday.
The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.
Launch of the token comes alongside protocol launch and prior release of the wallet.
Bitcoin begins to fulfill traders’ downside targets as BTC price action retraces its steps in a crucial macro week.
- 19:29Stablecoin market capitalization fell 0.11% over the past 7 daysAccording to Jinse Finance, data from DefiLlama shows that the current total market capitalization of stablecoins across the network stands at $276.439 billion, down 0.11% over the past 7 days, with USDT accounting for 60.36% of the market share.
- 18:53Bitmine Invests $45 Million to Acquire 9,613 More ETH, Now Holds $7 Billion Worth of ETHAccording to a report by Jinse Finance, Arkham's monitoring shows that Bitmine spent $45 million to acquire an additional 9,613 ETH 32 minutes ago, bringing the total value of its ETH holdings to $7 billion.
- 18:43Data: 62% of Americans expect the unemployment rate to rise in the next 12 monthsAccording to a report by Jinse Finance, The Kobeissi Letter stated that 62% of Americans now expect the unemployment rate to rise over the next 12 months, marking one of the highest levels since the 2008 financial crisis. This proportion has doubled in less than a year, and such a high percentage has never been seen during non-recession periods. Interestingly, households in the top 33% income bracket are more pessimistic than those in the middle- and low-income groups. In previous economic cycles, a shift in expectations of this magnitude has, in 100% of cases, signaled a surge in unemployment rates.