Bitcoin surged more than 6% to nearly $69,000, driven by lower U.S. Treasury yields, a weaker dollar, and renewed institutional demand for Bitcoin ETFs. The dollar index fell 0.3%, improving conditions for risk assets like Bitcoin. Institutional inflows into Bitcoin ETFs reached nearly $487 million over two days, supporting the rally. Market attention now focuses on the Federal Reserve's July meeting minutes, which could influence Bitcoin's next move depending on the tone regarding future rate hikes. Regulatory developments and potential short squeezes also contributed to the price surge.
Bitcoin surged 47% from its July low, yet holders are reluctant to sell, as shown by the adjusted Spent Output Profit Ratio (aSOPR) near 1.01, indicating minimal profit-taking. This contrasts with August's breakout when aSOPR was higher, suggesting c...
XRP has consistently outtraded Bitcoin on South Korea's Upbit exchange for 30 consecutive days, reaching $350 million in trading volume on September 21 compared to Bitcoin's $225.8 million. The price of XRP on Upbit rose about 19% from $1.28 to $1.52...
Ripple co-founder Chris Larsen highlighted XRP's longevity and strong community as key factors that help it stay relevant over time, sparking renewed debate on whether XRP could eventually overtake Bitcoin. Larsen emphasized XRP's decade-long presenc...
The cryptocurrency market briefly surpassed a $3 trillion valuation, driven by Bitcoin reaching around $86,000, its highest since late January. Major altcoins like DOGE, XRP, and Solana also saw significant gains, while nearly $920 million in short p...
BNB rose about 1.8% to near $787 after briefly surpassing $800 during a recent crypto rally driven by a broad market rebound. The surge was fueled by Bitcoin's 6% gain, falling oil prices, lower Treasury yields, and a short squeeze liquidating over $...
