Bitcoin derivatives investors are paying a high premium for downside protection, signaling market panic. This bearish sentiment may reverse if U.S. core personal consumption expenditure (PCE) inflation data, due Thursday, shows inflation cooling, reducing the likelihood of further Federal Reserve rate hikes. Bitcoin recently rebounded from a 20-month low near $59,000 to about $61,500. Meanwhile, oil prices have fallen sharply, which may lead to lower inflation readings and support a positive shift in bitcoin's price. Investors should also watch for volatility in related stocks like Strategy's MSTR and AI sector shares.
Bitcoin traders are showing increased demand for put options ahead of the US May core Personal Consumption Expenditures (PCE) inflation data release, signaling anxiety about potential sharp price moves. The April PCE data surprised markets with highe...
Bitcoin price fell sharply after confirming a head and shoulders pattern, hitting a new low near $59,000. A relief rally has pushed the price up about 4.7% to around $62,400, but bears remain dominant and resistance near $63,700 could halt gains. The...
Bitcoin is currently trading around $61,400, but veteran miner Jiang Zhuoer predicts it could fall to a bottom price between $42,000 and $44,000 by late 2026. His forecast is based on the mNAV ratio, which measures market value against BTC holdings a...
Bitcoin recently rebounded after dipping below $60,000, but analysts warn a deeper drop toward $47,000 is likely by October. This forecast is based on Bitcoin's historical bear market behavior, where it typically tests its 350-week moving average (ar...
Bitcoin's price fell sharply to $59,175, triggering over $1 billion in cryptocurrency liquidations affecting around 178,000 traders. This decline is driven by ETF outflows, large Bitcoin sales by Strategy Inc., and geopolitical tensions involving Ira...
