Bears Push Bitcoin Down from $123,240 as Market Tests Support Zones Bitcoin (BTC) has pulled back sharply after failing to break through the $123,239 resistance area, dropping below $117,600 in the latest trading session. The move comes after a multi-week rally that took BTC from under $94,000 to recent highs, but technical signals now suggest short-term caution. For several weeks, BTC had been consolidating within a broad range before breaking out above the descending channel that dominated much of June. That breakout fueled strong buying momentum, pushing prices decisively through the $112,000–$114,000 support-turned-resistance zone, marked in green on the chart.…
Author: Blockto Team
Cathie Wood’s Firm Expands Exposure Across Three Flagship ETFs as Stock Doubles in Value Ark Invest, led by renowned growth investor Cathie Wood, has purchased more than 2.5 million shares of Bullish just one day after the company’s debut on the New York Stock Exchange (NYSE). The acquisition was distributed across three of Ark’s exchange-traded funds — ARK Innovation ETF (ARKK), ARK Next Generation Internet ETF (ARKW), and ARK Fintech Innovation ETF (ARKF). The timing is notable, as Bullish stock has surged nearly 100% since listing, sharply outperforming a softening crypto market that has been under pressure in recent weeks.…
Government-Backed Platform Set to Join Vietnam’s Emerging Digital Asset Market Vietnam’s state-controlled Military Bank (MB) is entering the cryptocurrency market through a strategic partnership with Dunamu, the parent company of South Korea’s leading exchange Upbit. The two have signed a memorandum of understanding to develop a regulated digital asset trading platform in Vietnam. According to MB Chairman Luu Trung Thai, the collaboration will see Upbit provide technology and expertise, positioning both parties as “trusted partners” in advancing Vietnam’s digital financial market. This initiative carries extra weight as MB operates under the Vietnamese Ministry of National Defense, making the exchange a…
ICP Faces Rejection Near $6.02 as Bulls Struggle to Hold Gains The price of Internet Computer (ICP) saw a sharp rejection after testing the $6.016 resistance zone, pulling back toward the mid-$5 range. Despite a strong rally earlier this week, momentum appears to be cooling, with sellers stepping in at a critical technical barrier. Over the past month, ICP has staged a recovery from its late-July lows near $4.50. The bullish move accelerated once the price broke above the descending channel pattern, which had capped gains for several weeks. However, the latest pullback signals that $6.016 remains a major supply…
BTC dominance dips as altcoins show signs of strength — traders watch for a key retest before calling the next major shift. The market share of Bitcoin, measured by its dominance ratio, has recently fallen to around 59.34%, raising speculation that the long-awaited altseason may be approaching. Traditionally, a decline in BTC dominance signals that capital is flowing from Bitcoin into altcoins, fueling rapid gains in alternative cryptocurrencies. The daily BTC dominance chart shows a rejection from resistance near the 61% zone, followed by a sharp drop into the high 59% range. This movement comes after months of relatively stable…
Despite price weakness, top Ethereum wallets have increased PEPE holdings by 1.5% over the past month. PEPE, one of the most-watched memecoins in the market, has fallen 4.74% over the past 24 hours, underperforming the broader crypto market. While the drop reflects sector-wide weakness in speculative assets, on-chain data shows continued whale accumulation, signaling that large holders remain confident in the token’s long-term prospects. At the time of writing, PEPE/USDT is trading around 0.00001125, slipping from recent highs near the short-term resistance zone at 0.00001225. The decline comes after multiple failed attempts to break through the upper red resistance area,…
Stronger-than-expected CPI and PPI readings trigger sharp BTC sell-off from resistance zone. Bitcoin fell sharply on Thursday, dropping below the $119,000 level after hotter-than-expected US inflation data rattled risk assets. The move came just hours after the release of Consumer Price Index (CPI) and Producer Price Index (PPI) figures, which signaled that inflationary pressures remain persistent, dampening investor sentiment across crypto and equity markets. The BTC/USD pair touched an intraday high near $123,239, a key resistance zone marked by heavy selling pressure, before reversing sharply. By midday, prices had broken below $119,000, erasing earlier gains. The sell-off was accompanied by…
Labor market resilience contrasts with higher-than-expected producer inflation, signaling mixed economic pressures. The latest US economic data reveals a complex picture: jobless claims have eased, showing ongoing labor market strength, while producer prices posted their largest monthly jump in over a year, suggesting inflationary pressures may not be fully under control. The combination of resilient employment and rising prices could influence the Federal Reserve’s next policy moves. According to the latest Labor Department figures, Continuing Jobless Claims fell to 1.953 million, below both the forecast of 1.960 million and the previous reading of 1.968 million. Initial Jobless Claims also eased…
$58M Exploit Turns Into a Nine-Figure Windfall The hacker behind the October 2024 Radiant Capital exploit has seen their stolen funds almost double in value, thanks to Ethereum’s meteoric price rally. Blockchain data from Lookonchain shows the attacker now holds 21,957 ETH — worth about $103 million at current prices — up from an estimated $58 million at the time of the breach. Back in mid-October 2024, ETH was trading around $2,300. As of Thursday, it’s hovering above $4,700, just shy of its all-time high. The exploit targeted Radiant Capital’s cross-chain lending protocol on BNB Chain and Arbitrum, marking one…
OKB breaks long-term resistance and sets a record high, fueled by a powerful technical breakout. Introduction OKB, the native token of the OKX exchange, has recorded a historic price surge, skyrocketing from $46.57 to $103.58 within a single week — a gain of 122.32%. This move has propelled OKB to a new all-time high, surpassing its previous peak near the $72 level and confirming a strong bullish breakout from multi-year consolidation. The weekly chart reveals a consistent uptrend supported by a long-term ascending trendline dating back to mid-2021. This trendline acted as a firm base during market corrections, with the…
