Bitcoin rose back above $62,000 after briefly dropping to a year-to-date low of $57,735, showing a modest 1.5% daily gain. The crypto market saw a sharp decline in derivatives liquidations to $31 million from $180 million, indicating reduced volatility and a more stable market. Analysts warn that a drop to $58,000 could trigger a significant $2 billion forced selling event, suggesting caution as the market tests whether a true bottom has been reached. Overall, Bitcoin's recovery reflects resilience but remains vulnerable to sudden shifts in investor sentiment amid tight liquidity conditions.
Polymarket traders currently assign only a 21% probability that Bitcoin will reach $70,000 by the end of July, with the cryptocurrency trading near $61,600. While traders expect a partial recovery, reflected in a 63% chance for Bitcoin to hit $65,000...
On July 3, $2.13 billion worth of Bitcoin and Ethereum options expired, highlighting cautious investor positioning. Bitcoin options worth $1.9 billion expired with a put-call ratio of 0.70, while Ethereum options worth $230 million had a higher put-c...
Crypto analyst Rekt Capital warns that Bitcoin's bear market may not be over, citing historical patterns from previous cycles. He notes that Bitcoin is about 270 days from its 2025 peak, while past cycles took around 365 days to reach the bottom. The...
A large investor increased long positions in Bitcoin and Solana, risking over $70 million following a weak US jobs report that eased fears of Fed rate hikes. Despite a relief rally pushing Bitcoin toward $62K, the Fed is expected to keep rates steady...
XRP ETFs saw $6.55 million in net inflows on July 2, marking their eighth consecutive positive week and pushing assets under management close to $1 billion. Bitcoin's BIP-110 soft fork, aimed at censoring non-monetary data, was declared dead by Block...
