Bitcoin surged to an intraday high of $77,831 on May 25, driven by optimism over ongoing Middle East peace negotiations that could reduce geopolitical risks and boost investor confidence. The cryptocurrency's market cap rose to about $1.55 trillion, with price volatility around the $77,500 to $78,000 range. Meanwhile, Brent crude oil prices fell sharply to $96 per barrel as the easing of tensions removed the war premium from oil markets. However, analysts caution that potential Federal Reserve interest rate hikes later in the year could threaten the crypto market's recovery, as higher rates may reduce liquidity and risk appetite globally. The market remains cautious, balancing hopes for peace with concerns over monetary tightening.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Economist Peter Schiff predicts Bitcoin's price could fall to as low as $20,000, citing resistance near $65,000 and support around $58,000. He criticized Strategy (formerly MicroStrategy) for raising $450 million through stock issuance instead of usi...
Elon Musk's net worth fell below $1 trillion after SpaceX's stock plunged about 40% from its peak, dropping the company's valuation from $2.9 trillion to under $1.6 trillion. The stock, which surged to $225 after its IPO, has fallen below its initial...
