Bitcoin's funding rates for derivatives have reached their highest level in 20 months, indicating traders are increasingly taking leveraged long positions despite Bitcoin's price hovering around $64,000. This rise in funding rates reflects strong bullish sentiment in the derivatives market, as traders pay premiums to maintain long exposure. However, Bitcoin still faces resistance near $66,300 and remains below longer-term averages, suggesting that while optimism is high, a clear price breakout has yet to occur. If Bitcoin breaks above key resistance, upward momentum may strengthen, but highly leveraged longs risk liquidation if support fails.
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
Bitcoin's price rose above $64,000 after buyers defended the crucial $63,300 support level, signaling a potential move toward $65,000 if the recovery holds. Despite this bounce, Bitcoin's implied volatility is at the lowest 2% of its historical range...
Bitcoin is trading close to $64,000 with attempts to break $65,000, but critic Peter Schiff advises holders to sell rather than expect a strong recovery. Schiff sees $65,000 as a key resistance level with more downside risk than upside potential, fav...
Bitcoin gained about 2.6%, reaching the $64,400-$64,500 range, while the S&P 500 dropped roughly 0.5% due to profit-taking in tech stocks. This marks a rare day where Bitcoin outperformed US equities, despite being down about 50% from its October 202...
Bitcoin surged 2.6% to over $64,000 on Monday, marking its best daily gain in over a month and outperforming the S&P 500, which fell 0.52%. This is notable as Bitcoin has underperformed the S&P 500 on about two-thirds of trading days in the past thre...
