Kalshi's weekly open interest surged to a record $810 million, largely fueled by Bitcoin-related contracts as traders bet on potential price drops. This rise reflects growing market anxiety and positions Kalshi as a key platform capturing crypto sentiment beyond traditional trading. While predictive markets like Kalshi offer insight into investor expectations and fears, they are not definitive price predictors. The platform faces ongoing regulatory challenges and competition but gains visibility as Bitcoin remains a central focus for diverse investors amid market uncertainty.
Ethereum (ETH) fell below a crucial support level of $1,800, raising the possibility of a further drop to its April 2025 lows around $1,400. This decline is driven by a shift in macroeconomic expectations, including increased odds of U.S. interest ra...
Dave Portnoy, founder of Barstool Sports, publicly urged Michael Saylor and MicroStrategy to increase their Bitcoin purchases after MicroStrategy acquired 1,550 BTC. Portnoy revealed he is facing millions in losses across his crypto holdings, includi...
Bitcoin, Ethereum, and XRP prices surged following Israel and Iran's decision to pause direct military operations after several rounds of conflict. Bitcoin rose above $63,700, Ethereum climbed to $1,685, and XRP recovered to $1.16, reversing earlier ...
Bitcoin traders are closely watching upcoming U.S. inflation reports, including CPI and PPI data, which may influence Federal Reserve rate decisions and impact cryptocurrency volatility. Bitcoin currently trades above the critical $60,000 support lev...
Bitcoin's recent decline below $60,000 was mainly caused by institutional selling through spot bitcoin ETFs following higher-than-expected U.S. inflation data in April. Since the May 12 inflation report, U.S.-listed bitcoin ETFs saw $5.4 billion in n...
