Bitcoin, Ethereum, and XRP are maintaining stable prices as the Federal Reserve's September 16 meeting approaches, despite rising Treasury yields nearing 5%. This resilience suggests the crypto market may be adapting to a higher interest rate environment rather than reacting solely to monetary tightening. Key Bitcoin price levels between $75,000 and $82,000 will indicate whether crypto can absorb these conditions or if traditional pressures like higher yields and a stronger dollar will dominate. The Fed's decision could clarify the future trajectory for cryptocurrencies amid ongoing inflation and economic concerns.
Open interest in crypto derivatives has risen to $41.6 billion, driven by Bitcoin at $23.4 billion, Ethereum at $15.5 billion, and Solana at $2.7 billion amid a price recovery. This increase signals growing trader participation and higher leverage us...
A Bitcoin trader increased their long position by about $1.6 million and closed a previous long position of 104.81 BTC valued at approximately $8.7 million. The closed long was opened at an average price of $82,971.69 per BTC and closed at $83,068.30...
A recent Bank for International Settlements (BIS) paper argues Bitcoin can't function as everyday money due to lack of credit structures and public backstops, while Michael Saylor agrees Bitcoin is better as capital than currency. Both see credit as ...
Bitcoin traded near $84,500, up 2.5% in 24 hours, recovering from a mid-October dip below $80,000. The total crypto market cap rose 2.2% to $2.9 trillion, with XRP and Zcash showing strong gains. Inflation concerns eased slightly as Brent crude and U...
Bitway (BTW) surged 27.65% in 24 hours to $2.10, topping gains among the 90 largest cryptocurrencies excluding stablecoins. Overall, 78 of these assets advanced, including Rain (RAIN) up 13.45% and Pearl (PEARL) rising 12.74%. Bitcoin and Ether also ...
