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Where People Prefer to Trade BTC

Bitcoin outflows are greater on exchanges that primarily trade crypto-only pairs than those with fiat markets, suggesting a shift in where people prefer to trade. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Bitcoin Poised for Longest Winning Streak Since October 2015

Bitcoin is on an eight-day winning streak, taking the price from $30K to above $40K over the past eight days. If bitcoin ends a ninth day in the green, it would be BTC’s longest winning streak since October 2015. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Crypto Long Liquidations Setting Higher Highs?

Crypto long liquidations were elevated in recent days, with Kraken OTC Daily saying as an absence of momentum in one direction or another hasn’t stopped investors from trying to call a top or bottom, month-to-date crypto long liquidations stack up with each successive move lower in BTC’s price.

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Bitcoin 7-Day Volatility Declines to Lowest Level Since October

Bitcoin’s seven-day volatility has declined further this week, recording its lowest level since October 2020. Arcane Research says the volatility is declining as bitcoin converges toward the low end of its two-month consolidation range, concluding that a spike in price seems imminent at this critical level.

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Bitcoin Stuck in Month-Long Downtrend?

Bitcoin is stuck in a month-long downtrend as traders experience choppy conditions over the past few days. A break below $30K is likely, given the loss of upside momentum. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Short-Term Return on Investment: Bitcoin Down 40%, Gold Remains Resilient

Is gold or bitcoin a safe-haven asset? Over the past few months, bitcoin’s returns have declined nearly 40%, while gold’s returns have only fallen roughly 1%. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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US June Consumer Price Index Rose Faster Than Expected, Bitcoin Cut in Half

The U.S. Consumer Price Index rose faster than expected in June, jumping by 5.4% in the last 12 months and exceeding economists’ expectations by about half a percent. Meanwhile, bitcoin’s price has nearly been cut in half since its April peak. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Survey: Most Salvadorans Skeptical of Bitcoin as Legal Tender

JPMorgan is casting doubt on El Salvador adopting bitcoin as its legal tender, saying there is widespread skepticism and hesitancy in the country regarding bitcoin as a medium of exchange in a new survey. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

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Long Term Uptrend for Bitcoin Ahead

Are we in a bear market? “I don’t think so,” Fairlead Strategies Technical Analyst Katie Stockton said. “Based on the technical indicators we track, from the long-term perspective, bitcoin is still in an uptrend.” Stockton discusses the positive outlook for bitcoin, despite being stuck in a consolidation phase. Plus, whether bitcoin’s dominance is bottoming out.

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Mercado Bitcoin Director: ‘Crypto Adoption in Brazil Is Happening’

Crypto is booming in Brazil as its largest exchange Mercado Bitcoin raises $200 million from the SoftBank Latin America Fund. Mercado Bitcoin’s Fabricio Tota discusses the state of crypto in the country. “Crypto adoption here in Brazil and South America is really happening,” Tota said.

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