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.
Bitcoin traded near $63,700 on Aug. 12, with most major cryptocurrencies edging higher ahead of the July U.S. inflation report. Dogecoin and BNB led gains, while Bitcoin struggled to hold above $65,000 amid mixed ETF flows and rising oil prices, whic...
Ahead of Wednesday's U.S. Consumer Price Index (CPI) release, bitcoin and ether remain in a tight trading range, with traders positioning for a potential breakout. Some investors are buying call options betting on a price rise if the CPI is softer th...
Dogecoin led major cryptocurrencies with a nearly 3% gain, reaching just above 7 cents, while BNB rose 2% to $614. Bitcoin slipped to around $63,700, the only major token lower on both the day and the week. Asian equities rallied on strong semiconduc...
On August 11, major cryptocurrencies including Hyperliquid (HYPE), Ethereum (ETH), Bitcoin (BTC), and Shiba Inu (SHIB) are showing signs of consolidation with limited momentum for recovery. Hyperliquid struggles to break above $57 resistance after a ...
Bitcoin has been stuck in a narrow range between $62,000 and $66,000 for weeks due to steady ETF buying offset by selling from miners and corporate holders like MicroStrategy. Trading volumes and volatility are at multiyear lows, indicating limited m...
