Bitcoin dropped to $61,391 following a large selloff by Strategy but quickly rebounded to around $64,529. The recovery is supported by bullish activity in options trading and inflows into spot Bitcoin ETFs, which added $56.3 million on July 6. Traders are optimistic ahead of the Federal Reserve's minutes release on July 8, which could influence Bitcoin's price further. Strategy's selloff was to fund dividends, but the company's large Bitcoin holdings remain intact, and market focus now shifts to Fed signals and ETF inflows for future price direction.
About $410 million in leveraged crypto positions were liquidated within 24 hours, driven mainly by Bitcoin and Ethereum losses. Long positions accounted for nearly 63% of liquidations, indicating traders betting on price rises were hit hardest. Howev...
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 l...
Cryptocurrency prices are fluctuating with Bitcoin rising by 1.38% to $63,574 and Ethereum increasing by 0.51% to $1,786. Other coins show mixed results, with some like AAVE and DEXE seeing significant gains, while others like ADA and ZEC experience ...
Bitcoin fell nearly 4% after the tech company Strategy sold 3,588 BTC to fund dividend payments and boost cash reserves, causing immediate market volatility. Analysts are divided on Bitcoin's future: some see a repeat of the 2022 summer downturn, whi...
Bitcoin surged nearly 7% in the week ending July 5, marking its strongest weekly gain since March 2026. This rebound is largely driven by declining US inflation expectations, with the inflation breakeven rate falling below the Federal Reserve's 2% ta...
