BTC encounters a pivotal week ahead, having stabilised near $80,000 over the weekend. However, a series of significant economic events in the US could influence its duration at this level. Following last Friday’s strong US jobs report and the subsequent unusual rise in expectations for an upcoming Fed rate hike, risk-on assets are entering the … Read more
Bitcoin has made multiple attempts to decisively surpass the significant $80,000 threshold, yet the more pertinent inquiry revolves around the reasons it has not experienced a more substantial decline. After all, the macro landscape is anything but optimistic given the renewed tensions between the US and Iran, the aggressive stance of the Federal Reserve, and … Read more
The liquidations exceeded $200 million within a single hour as the entire market experienced a sudden downturn. After surpassing $79,000 on Sunday evening, bitcoin commenced the new business week on a negative note, declining below $77,000 within approximately an hour as geopolitical tensions reemerged in financial markets. The decline occurred in the context of renewed … Read more
Daily liquidations of Bitcoin positions experienced a significant increase following the leading digital asset’s approach to the $70,000 mark. In the last 24 hours, traders have closed positions exceeding $1.7 billion while shorting the largest cryptocurrency, as indicated by the data. And the vast majority — $1.5 billion — of those positions were liquidated in … Read more
Bitcoin has recorded a loss in August each year since 2022, presenting traders with an additional seasonal risk to evaluate. Bitcoin and Ethereum appear poised to conclude July outperforming a majority of significant asset classes, with the former increasing by more than 7% and the latter experiencing an almost 20% rise over the past 30 … Read more
Market data shows that at 11:45 a.m. on Tuesday, the price of one Bitcoin was $65,971. That price occupies a central position in a derivatives market that has become progressively divided between institutional confidence and retail caution. Total bitcoin futures open interest across tracked exchanges reached 755,780 BTC, valued at $49.82 billion, according to data. … Read more
Another Friday has arrived, ushering in yet another Bitcoin and Ethereum options expiry event, coinciding with notable advancements in spot markets. Around 19,500 Bitcoin options contracts are set to expire on Friday, July 17, carrying a notional value of approximately $1.23 billion. This expiry is considerably smaller than typical events, thus it is improbable that … Read more
Bitcoin ETF outflows are diminishing, according to a recent tweet from Galaxy Research. This is substantiated by Galaxy Research’s US spot ETF net flows (30-day rolling) and cumulative total indicator, which experienced a reversal after a significant decline into negative territory. The receding of Bitcoin ETF outflows is also substantiated by the ‘Bitcoin ETF flows … Read more
Bitcoin prices experienced a notable rally on Friday, July 10, nearing the $65,000 mark as various factors played a role in the digital currency’s ascent. The world’s most prominent cryptocurrency rose to more than $64,600, according to data. At this juncture, it had ascended over 15% after being valued at under $58,000 on July 1. … Read more
Public companies continued to accumulate Bitcoin in June; however, the more significant narrative unfolded in a segment of the market that was nonexistent just a few years prior: the preferred shares utilised by treasury firms to finance their cryptocurrency acquisitions. A new report designates June as the inaugural genuine stress test for the “digital credit” … Read more
