Bitcoin surged past $80,000 to a three-month high of $80,617 on May 4, pushing its market cap over $1.6 trillion and suggesting the end of the recent crypto winter. The rally was partly driven by geopolitical tensions in the Middle East, including U.S. naval escorts through the Strait of Hormuz and missile interceptions by the UAE. These events caused oil prices to spike and increased market volatility, leading to $270 million in liquidations on leveraged bitcoin positions. Economists warn that without a peace deal between the U.S. and Iran, global recession risks may rise, keeping markets on edge.
Veteran trader Peter Brandt revealed he remains long on Bitcoin even as the cryptocurrency struggles to break above the key resistance zone around $82,000. Bitcoin recently climbed above $80,000 but faced strong selling pressure, causing a pullback. ...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
Bitcoin surged above $80,000 following Nvidia's Q2 revenue of $96.2 billion, beating forecasts by $4 billion and boosting tech stocks. US spot Bitcoin ETFs saw $242 million in net inflows on August 27, marking nine straight days of gains and the stro...
The memecoin sector led gains last week with a 16% average return, second only to Layer 2 tokens. Bitcoin's 10% rise helped boost altcoin sentiment. SPX6900, a memecoin parody of the S&P500, soared 60% over the week, with Open Interest jumping nearly...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
