Long-term Bitcoin holders, those who kept their coins for over 155 days, have significantly ramped up selling. Historically, this activity suggests the market may have peaked and could be due for a correction soon, Coinlive reports.
On Sunday, bitcoin fell below the $100,000 mark for the first time since May, while Ethereum plunged nearly 10% to levels below $2,200. The drop came after the US President announced a military operation in the Middle East.
South Korea’s Financial Services Commission (FSC) is developing a roadmap to launch a Bitcoin spot exchange-traded fund (ETF). The initiative is designed to provide regulatory frameworks and easier access to investments in the asset.
Despite strong inflows into global ETFs, growth in the stablecoin market, and favorable regulatory developments in the US, Bitcoin has remained range-bound between $100,000 and $110,000. This stability can be explained as a shift in ownership from short-term speculators to long-term investors.
Thailand announces five-year tax exemption for cryptocurrency sales profits. This measure will be in effect from 2025 to 2029 and applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission.
Bitcoin options dynamics suggest traders are hedging against the risk of prices retreating to $100,000 amid ongoing geopolitical and economic uncertainty, Bloomberg reports.
Brazil’s stock exchange, B3, has begun trading US dollar-settled Ethereum (ETH) and Solana (SOL) futures contracts, using Nasdaq index prices as a reference. This innovation allows investors to profit from cryptocurrencies price fluctuations without directly owning the assets.
This week, the US Senate passed the Stablecoin Bill, which introduces new oversight measures for dollar-pegged cryptocurrencies. According to Bloomberg, the incentive’s approval stands as a testament to President Donald Trump's most substantial policy triumph.
As reported by FXStreet, BTC jumped 3.7% on Monday following news that Trump Media and Technology Group filed an application with the US Securities and Exchange Commission (SEC) to launch a dual Bitcoin and Ethereum exchange-traded fund (ETF).
Sygnum states that a private company controlling a significant part of Bitcoin supply would not only impair the cryptocurrency’s liquidity, but also make it unsuitable for central banks as a reserve asset.
Vietnam has officially adopted its first Digital Economy Law, which introduces clear regulations for cryptocurrencies. The legislation, passed by the National Assembly on June 14, distinguishes between the concepts of «virtual assets» and «cryptoassets».
Bitcoin is the first and most commonly used cryptocurrency in the world. It holds a prominent place in the digital economy and draws the attention of traders and investors. High volatility and a wide range of influencing factors make the forecasting of its price complicated and requiring complex analysis.
Successful bitcoin trading is based on analyzing market trends, fundamentals, and technical factors.
Key elements that determine the value of bitcoin include:
Major investors and funds also have a considerable impact on the movement of bitcoin prices. Their massive purchases or sales can cause sharp fluctuations in the exchange rate. In addition, the general sentiment in the crypto market determines the dynamics of BTC, creating periods of high activity and deep corrections.
Forecasting the price of bitcoin is a complex task, as it is formed under the influence of many factors. Successful trading strategies and investment decisions require a thorough analysis of the macroeconomic situation, politics, and investor sentiment.
