Bitcoin and ether prices fell slightly on the last day of July, diverging from strong equity gains in Asia and U.S. futures. Despite this, the broader crypto market, represented by the CoinDesk 20 Index, is set for its biggest monthly gain since July last year, up 8.7% since June. The market faces headwinds from geopolitical tensions and hawkish Federal Reserve comments, with bearish futures positioning indicating cautious trader sentiment. Notably, Uniswap's UNI token showed strong gains, supported by positive news such as BlackRock's tokenized Treasury fund debut on its platform. The crypto market remains volatile but shows signs of selective investor optimism.
As July ends, Bitcoin options data shows a shift toward bearish bets for August, with $60,000 put options leading at $1.17 billion open interest. This contrasts with earlier bullish bets on $70,000 and $72,000 call options that lost popularity after ...
Bitcoin and Ethereum saw modest price increases while their combined market dominance slightly declined, signaling a potential rotation of capital into major altcoins like BNB, Solana, and XRP. Despite a cautious market tone and a drop in derivatives...
Bitcoin is facing a potential decline below $60,000 in August, driven by historical patterns during US midterm election years where it averaged a 13.6% drop. Technical analysis shows a bearish pennant pattern that could push prices down to around $52...
Bitcoin traded near $64,690, up 1.1% after a whale withdrew over 1,250 BTC ($80.94M) from Binance, indicating long-term accumulation. This move, highlighted by analyst Ted Pillows, suggests large holders expect further gains. US Q2 GDP growth missed ...
On July 31, Bitcoin and Ether options worth about $10.43 billion expired, with Bitcoin options totaling $9.6 billion and Ether options $830 million. Bitcoin settled near the $64,000 max pain level, reflecting a concentration of open interest but no s...
