Bitcoin is currently valued at approximately $84.7K, following a robust rebound from the $60K range in recent months. The charts indicate an enhancement in market structure; however, BTC is nearing a critical resistance cluster at $88K. Meanwhile, futures taker flow has shifted back to being predominantly buyer-driven, offering a constructive momentum signal. However, the price … Read more
The price of bitcoin surged above $87,000 on Friday morning in New York, buoyed by consistent exchange-traded fund flows and a jobs report indicating a slight increase in unemployment in the U.S. Bitcoin’s price recently stood at $85,990 following a 2% increase over a 24-hour period. Over the past week, it has increased by more … Read more
Bitcoin is experiencing one of its most successful quarters to date – further evidence that the leading cryptocurrency is in a bull market. As highlighted by The Kobeissi Letter this week, the price of bitcoin has increased by nearly 30% since August 19, coinciding with the U.S. Treasury’s announcement regarding plans to significantly expand its … Read more
The biggest corporate bitcoin holder, Strategy, revealed on Monday that it had purchased 1,665 coins last week for $142.7 million, marking its second consecutive purchase following a short break. The Nasdaq-listed company indicated that it had also repurchased $152 million in its preferred stock, STRC. Strategy currently possesses 847,666 bitcoins, valued at $70.5 billion, as … Read more
Bitcoin traded predominantly within the $84,000 to $85,000 range on Friday, until a sudden spike in volatility caused its price to approach $83,000. After experiencing a decline in momentum subsequent to its second breach of $87,000 earlier in the week, bitcoin steadily relinquished the majority of its gains from Monday, during which it had surged … Read more
Bitcoin bulls are poised in anticipation of a significant volume of Bitcoin options approaching their expiry date. Approximately $15 billion in options contracts are scheduled to expire on Friday during the market’s quarterly settlement. The September 25 contracts represent over one-third of the total bitcoin options open interest on the crypto derivatives platform Deribit. A … Read more
Bitcoin’s price experienced a decline on Wednesday, coinciding with a notable increase in U.S. Treasuries, as the 10-year yield rose above 5%, marking its highest level since 2007. The price of the leading cryptocurrency experienced a decline of 2% over a 24-hour period Wednesday afternoon in New York, trading at $84,357. Bitcoin’s price had surged … Read more
The Bitcoin bulls have returned, assuming the ETF flows are credible. On Monday, U.S. bitcoin exchange-traded funds attracted $999 million in new investments, as reported by data. That represents the highest inflow in a single day since October 6, when the funds accumulated over $1.2 billion and the price of the leading cryptocurrency reached a … Read more
Holders of Bitcoin exchange-traded funds have returned to profitability following the recent surge in the cryptocurrency’s value. On Monday, ETF analyst James Seyffart noted on X that the morning rally in New York elevated the average investor above the estimated ETF cost basis of $81.72 for the first time since January. Bitcoin surged past $86,000, … Read more
Bitcoin was priced just above $81,000 during the early hours of Monday, reflecting an increase of less than 1% over the past 24 hours. This uptick follows the recent decision by the U.S. Securities and Exchange Commission, which facilitated onchain trading of tokenised U.S. stocks on Thursday, according to available data. NEAR emerged as the … Read more
