Bitcoin is testing the $60,000 level as concerns rise over the yen carry trade, similar to the market turmoil seen in August 2024. The USD/JPY exchange rate is approaching levels that previously led to a major unwind of leveraged trades, forcing investors to sell risk assets including Bitcoin. Technical analysis shows Bitcoin breaking below key support levels, with potential downside targets around $55,000 if the bearish trend continues. A sudden yen rebound could trigger a repeat of the deleveraging pressure that caused significant market declines two years ago, impacting equities and cryptocurrencies alike.
SpaceX's market value dropped by over $600 billion, about 23%, in three days following its announcement of a $20 billion bond sale to fund AI expansion linked to its xAI acquisition. This sharp decline, nearly half of bitcoin's $1.3 trillion market c...
Over $122 million in long liquidations hit crypto markets in the last 24 hours, mainly affecting Bitcoin and Ethereum, signaling a risk reset as traders unwound leveraged bullish bets. Despite this, Bitcoin held steady and gained 0.40%, increasing it...
Bitcoin's futures market saw a significant 19.5% drop in Open Interest from $26 billion to $20.89 billion in June, outpacing the 11.4% price decline. This suggests traders are reducing leveraged positions, leading to a healthier market structure with...
Binance recorded a net inflow of approximately $170 million in USDT stablecoins over a 24-hour period, indicating a significant rise in stablecoin deposits to the exchange. This inflow suggests increased deployable capital on Binance, potentially for...
Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, totaling a 75 basis point increase. This shift from earlier views signals a more hawkish Fed stance to combat inflation, which could reduce liquidity and wei...
