Bitcoin climbed 4.4% to $65,000 following softer US inflation data, boosting crypto market sentiment even as US stocks fell. The broader crypto market gained 1.7%, contrasting with a 2.9% drop in the Nasdaq, showing crypto's growing independence from traditional equities. However, low volatility and high leverage in Bitcoin futures suggest potential for sudden market moves. Progress on the CLARITY Act also improved outlooks for crypto regulation, while oil market tensions and rising Treasury yields add caution to the broader financial environment.
Cryptocurrency markets saw a general downturn with Bitcoin trading around $64,817, down 1.58%. Major altcoins including Ethereum, Dogecoin, and Avalanche also experienced significant price drops, with Dogecoin falling nearly 4.8% and Avalanche down o...
Bitcoin dropped nearly 2% to trade below $64,700, losing about $20 billion in market value and triggering $42.3 million in long position liquidations. The decline followed stalled progress on the U.S. Senate's CLARITY Act and a surge in oil prices ab...
Dave Portnoy, founder of Barstool Sports, is selling his XRP holdings at $1.40 instead of waiting for the price to reach $2. He needs the cash urgently to participate in upcoming thoroughbred horse auctions in Saratoga and Cleveland. Portnoy's decisi...
Bitcoin ETFs have recorded seven consecutive days of net inflows since July 14, marking the longest streak since early May. This inflow totals $981.2 million and coincides with Bitcoin prices reaching up to $66,300, indicating renewed investor confid...
Large holders of XRP are increasing their positions while smaller retail investors are selling, according to a crypto analyst. Institutional purchases by firms like Franklin Templeton and Fidelity suggest confidence in a future crypto cycle despite r...
