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.
Zcash (ZEC) surged to $795.03, surpassing its 12-month high by 8.5%, driven by a strong uptrend confirmed by high trading volume of $2.53 billion, well above its 30-day average. The coin's market cap reached $13.38 billion, ranking it 11th among cryp...
Ethereum's price jumped 31% in a week, driven mainly by a massive 1,514% increase in short liquidations averaging $131 million weekly. This forced short covering boosted trading volumes and pushed network activity higher, with base fees up 189% and f...
Cryptocurrency markets rallied strongly this week, with Bitcoin climbing over 20% to nearly $80,000, driven by ETF inflows, improved liquidity, and a risk-on sentiment. Altcoins also performed well, especially Ethena (ENA) which surged over 100%, and...
BitMart, which announced plans to shut down its crypto exchange last month, is now considering a restructuring plan to keep the business running. The company is working with legal and financial advisors to potentially resume operations in phases whil...
Bitcoin surged past the Short-Term Holder Realized Price of $67,000-$69,000 for the first time since May, signaling a potential shift in market momentum. The Long-Term Holder Realized Price remained steady near $49,200, indicating no major sell-off f...
