Bitcoin prices rose sharply from about $58,250 on July 1 to nearly $64,000 by July 6, driven by optimism over Federal Reserve monetary policy. A weaker-than-expected U.S. jobs report showing only 57,000 new jobs fueled speculation that the Fed, now led by Kevin Warsh, will cut interest rates more aggressively. Analysts noted that Bitcoin is trading like a "pure rates asset," benefiting from expectations of easier monetary policy. Additionally, seller exhaustion and short squeezes contributed to the price surge, signaling stronger investor confidence in the cryptocurrency.
The Binance hacker transferred about 486,970 SOL worth $46.4 million on November 1, sparking speculation of swaps into Bitcoin that might have pressured Solana's price. However, public transaction data does not confirm any Bitcoin purchases, and Sola...
Lighter (LIT) topped the 90 largest cryptocurrencies excluding stablecoins with a 10.83% gain to $3.23 in a 24-hour period ending at 11 a.m. ET on Nov. 1. Despite an earlier stronger rally, more cryptocurrencies declined than advanced by the snapshot...
In a three-hour period ending at 10 a.m. ET Sunday, ten large cryptocurrency transfers totaling $1.94 billion were recorded, with the largest being a $348.4 million Tether (USDT) transfer to Binance. Exchange outflows exceeded inflows, signaling sign...
Bitcoin experienced $1.1 billion in realized losses as short-term holders rushed to sell, pushing coins to exchanges amid a price drop below $80,000. This selling pressure comes from investors trying to avoid further losses, testing the critical supp...
Bitcoin recovered toward $78,000 following a $6.3 billion security breach at Binance that temporarily halted withdrawals. Despite the rebound, Bitcoin faces resistance at $78,800 and $79,800, with potential to retest below $75,000 if momentum fails. ...
