Bitcoin's price has started to rise, reaching around $77,500 after days of sideways movement. Key resistance levels at $77,400 and $78,400 must be broken for bulls to gain confidence, with a major breakout above $80,000 needed to confirm a sustained uptrend. Geopolitical tensions between the US and Iran could negatively impact Bitcoin and the stock market, while a peaceful deal might trigger a stronger rally. Investors should watch price action closely in the coming days, especially around the weekend close, as the next few weeks could see significant moves either back toward $66,000 or higher.
A crypto wallet opened simultaneous 20x leveraged positions on November 7: a short on Ether and a long on Bitcoin, each worth $20 million. By November 8 evening, both cryptocurrencies dropped sharply, but Bitcoin's stronger rebound increased the wall...
Cathie Wood, founder of ARK Invest, expects Bitcoin to outperform gold in the future despite Bitcoin's recent price weakness. She also anticipates a decline in gold prices. Since 2019, Bitcoin and gold have shown a low correlation, meaning their pric...
Bitcoin and Ethereum fell 1.87% and 5.27% respectively in the last 24 hours, pressured by a sharp sell-off in the stock market and risk-off sentiment. Over $1 billion in leveraged crypto positions were liquidated as the S&P 500 Futures experienced ex...
Bitcoin's price fell only 6% following the $6.3 billion Binance hack, a much smaller decline compared to past crypto crises like the COVID-19 crash and FTX collapse. Fitch Ratings highlights this mild drop and a 67% surge in trading volume as signs o...
Ether's open interest in derivatives contracts fell sharply by 7.8% over 24 hours, marking the biggest drop among five major cryptocurrencies including Bitcoin, Solana, XRP, and Dogecoin. XRP maintained the highest funding rate at 10.9% annualized, i...
