Bitcoin approached $62,000, with Ether and Solana leading gains amid a strong short squeeze and optimism over the Federal Reserve's interest rate outlook. Ether rose nearly 10% weekly, Solana surged 18.6%, and XRP also gained. The rally was fueled by $281 million in short position liquidations, especially in Ether, and was supported by weaker U.S. employment data reducing expectations of further Fed rate hikes. Despite the surge, analysts caution that the move is driven by forced short-covering, with potential volatility ahead due to thin market liquidity and ongoing Bitcoin ETF outflows.
Bitcoin approached $62,000 following a strong short squeeze that liquidated $281 million in bearish bets, pushing major cryptocurrencies higher. Ether rose nearly 10% weekly, and Solana gained almost 19%, driven by weaker U.S. jobs data that reduced ...
John Bollinger, creator of Bollinger Bands, identified a fractal "W" pattern on Bitcoin's charts indicating a possible double-bottom recovery signal. After failing to sustain above $82,000 in May, Bitcoin corrected sharply and now trades around $61,5...
Saudi Arabia increased oil exports through the Strait of Hormuz following a U.S.-Iran truce, causing WTI crude prices to fall to a 125-day low below $68 per barrel. Meanwhile, Bitcoin surged 5% past $61,500, and gold remained steady above $4,000 an o...
Bitcoin's market capitalization surpassed Samsung Electronics, Micron Technology, and SK Hynix after a sharp selloff in AI-related semiconductor stocks. Bitcoin briefly traded above $62,000, reaching a valuation of about $1.23 trillion, while Samsung...
Bitcoin has been in a persistent downtrend for weeks, invalidating bullish signals. Legendary trader John Bollinger identified a complex double-bottom 'W' pattern forming on the charts, which could signal the end of the downtrend if the price breaks ...
