Bitcoin clings to $62,500 as bears tighten grip on crypto market
Bitcoin held above $62,500 and ether near $1,665, but sluggish price action and widening put skews signal bears remain firmly in control.
This is a summary. Read the complete story at CoinDesk below.
Read full article at CoinDeskRelated Stories
Bitcoin crash to $60K opens new $530M demand zone: Will bulls buy in?
A $525 million Bitcoin buy wall intersects with a major liquidation zone, creating a key battleground between $60,500 and $65,000.
Cointelegraph
Bitcoin falls to $60,000 as AI trade continues to draw investor interest and capital
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a U.S. offering.
CoinDesk
Crypto Long & Short: Infrastructure is the prevailing currency in digital assets
In this week's Crypto Long & Short, Nonco’s Caue Teixeri makes the case that regardless of which coin ultimately wins, infrastructure is the prevailing currency in digital assets. Then, using CoinDesk's liquidation feed, Liquibit Capital's Alen Pavlović finds that June's forced selling peaked near $68,000, days before bitcoin actually bottomed.
CoinDesk