Bitcoin's price dropped sharply below $60,000, triggering a broad sell-off in crypto equities and liquidations exceeding $850 million. Despite the crash, Bitcoin advocate Samson Mow expressed confidence, highlighting Bitcoin's strong fundamentals and predicting inevitable 'hyperbitcoinization' due to ongoing fiat money printing. Mow also pointed to a large upcoming institutional buy order from Bitcoin Standard Treasury Company, suggesting the market is underestimating this demand. The downturn is partly linked to a major crash in South Korean equities, adding to the sector's pressure. The outlook remains uncertain as investors watch for signs of recovery.
BlackRock transferred about 2,152 BTC worth $140 million from Coinbase Prime, coinciding with $181 million inflows into U.S. spot Bitcoin ETFs, highlighting ongoing institutional demand. Despite this, Bitcoin prices remained flat while Ethereum and s...
A major whale investor has increased their short position on Bitcoin through the decentralized futures platform Hyperliquid, earning $131,000 with a 26.7% return over 30 days. This move reflects a bearish sentiment among large investors who expect Bi...
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
