Bitcoin has surged over 19% in just over a month, breaking above $80,000 amid rising inflation signals like high oil prices and commodity indexes. Traditionally, rising inflation and higher interest rates would pressure Bitcoin as investors favor safer assets, but Bitcoin's rally suggests it may be transitioning from a risk asset to an inflation hedge. This shift is supported by $4.45 billion inflows into U.S. spot Bitcoin ETFs since March and endorsements from notable investors like Paul Tudor Jones. However, Bitcoin's correlation with rising U.S. equities complicates the narrative; the true test will come if Bitcoin holds or rises during a stock market downturn, confirming its inflation hedge status.
Bitcoin has surpassed the key resistance level of $64,360, signaling strong buyer control and bullish momentum. The price currently trades around $66,153, with increased trading volume and technical indicators like MACD and CMF supporting continued u...
Jordi Visser, president of Weiss Multi-Strategy Advisers, acknowledges that Bitcoin is currently unpopular and trading below its 200-day average, causing investor hesitation. However, he remains bullish on Bitcoin's long-term value, especially as AI ...
A cryptocurrency wallet linked to BitMEX co-founder Arthur Hayes purchased 3,000 ETH worth about $5.42 million following a US-Iran peace agreement that improved market sentiment. This move aligns with Hayes' bullish outlook on Ethereum despite his re...
Bitcoin jumped above $66,000, with Ethereum, XRP, and Dogecoin also rising up to 13% following a U.S.-Iran peace agreement that increased investor risk appetite. Despite significant trader liquidations totaling over $600 million in 24 hours, spot Bit...
Last week marked the fifth consecutive week of outflows from Spot Bitcoin ETFs, with $405.2 million withdrawn despite Bitcoin's price rising from $61,000 to $65,000. Similarly, Ethereum ETFs experienced significant outflows totaling $405.2 million, e...
