On May 29, Bitcoin options worth $6.2 billion and Ethereum options worth $1.28 billion expired while both cryptocurrencies traded below critical price levels—Bitcoin below $75,000 and Ethereum near $2,000. The expiry reflected a bearish unwinding, with many long positions retreating as bulls failed to push prices back to key resistance zones. Put-call ratios for both assets stayed below 1, indicating no extreme bearish sentiment, but the market remains cautious with large positions removed and no strong buying demand restored. Traders now focus on June contracts and whether Bitcoin can reclaim $75,000 and Ethereum can rise above $2,100 to ease pressure and improve short-term sentiment.
The FDA extended its review of Exelixis' cancer drug zanzalintinib by three months without revealing any new clinical failures or safety concerns. This delay reduces the drug's present value by about 2.35%, which is less than the initial market loss....
Bitcoin is trading around $77,327 with minor daily gains but a weekly drop over 3%, facing resistance between $77,100 and $80,200 where long-term holders have sold significant amounts. CryptoQuant highlights $81,700 as a key level to confirm a new bu...
Spot Bitcoin ETFs experienced $462.7 million in net outflows from September 8 to 11, reversing nearly half of the previous week's inflows. This shift coincides with markets pricing in an 87% chance of a 25-basis-point rate hike at the upcoming Septem...
Visa reported better-than-expected Q3 results, with net revenue up 14%, earnings per share rising 11%, and free cash flow reaching about $6.14 billion. The company is expanding its value-added services and forming strategic partnerships to diversify ...
Tom Lee, co-founder of Fundstrat, states that Ethereum is becoming the key settlement layer for Wall Street and artificial intelligence (AI) applications. Despite a broader crypto market pullback, Ethereum has outperformed most major cryptocurrencies...
