Despite a recent price correction that pushed Bitcoin below $80,000, traders on the Kalshi platform remain optimistic, betting on Bitcoin reaching $85,000 by the end of September. This bullish sentiment follows a strong rally in August, with traders expecting at least an 8% price increase from current levels around $79,000. If this prediction holds, Bitcoin could close September with a positive return, continuing the upward trend from the previous month and sustaining investor confidence in the asset's momentum.
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a ...
Bitcoin traded slightly up at $81,684 while the overall crypto market capitalization dropped 2.62% to $2.76 trillion. Bitcoin makes up 59.4% of the market, with Ether at 10.6%. Among major cryptocurrencies, BNB saw the largest gain, rising 1.87%, whi...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, warned that several assets including Bitcoin, U.S. natural gas, gold, silver, and various metals could follow a pattern of rising and then retreating in 2026. He emphasized that t...
