Bitcoin remains above $62,500 and ether near $1,665, but weak price action and growing bearish derivatives positioning indicate bears control the crypto market. Despite some altcoins like monero and jupiter gaining 2-4%, the lack of a strong bounce amid U.S. equity futures recovery is concerning. Bitcoin must hold $60,000 to avoid falling into a lower trading range seen since late 2024. Derivatives data shows increased short bets, with put-call skew widening sharply, signaling traders expect further downside. The strengthening U.S. dollar also pressures crypto prices, suggesting cautious investor sentiment ahead.
Jason Calacanis, an early Uber investor, has criticized Bitcoin and Michael Saylor's Bitcoin strategy, urging investors to sell half of their Bitcoin holdings and invest in projects like Solana and Bittensor that are delivering real products. Althoug...
The United States, alongside Japan's Bank of Japan and Ministry of Finance, has intervened in currency markets to support the Japanese yen for the first time since 1998. This coordinated action aims to counter Japan's ultra-loose monetary policy and ...
Bitcoin briefly surged above $64,000 before settling near $62,000 as traders weighed geopolitical risks from Iran and corporate Bitcoin sales. Ethereum remained steady around $1,800, with analysts optimistic about a potential rise past $2,000. Over $...
Jim Cramer announced he intends to sell all his bitcoin due to concerns that advances in quantum computing, particularly from IBM, could break Bitcoin's cryptographic security within about three years. This follows warnings from IBM's CEO about the p...
Bitcoin rose above $63,800 following the strongest US ISM Manufacturing PMI in over four years, signaling economic expansion without immediate inflation pressure. Oil prices fell sharply after the US called off strikes on Iran, easing geopolitical te...
