The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per USD, making BTC/JPY gains smaller than BTC/USD gains. Additionally, Japan's government is pushing the large GPIF pension fund to increase investments in domestic assets, which could impact global markets. This yen strength and potential policy shifts highlight volatility risks but may ultimately benefit Bitcoin if the yen-Bitcoin correlation holds.
Bitcoin is trading near $78,900, just below the $80,000 mark, following a strong rally from mid-$60,000s. U.S. spot Bitcoin ETFs saw $336 million in inflows on August 25, totaling $2.08 billion over the past week, indicating strong institutional inte...
About 81,700 Bitcoin options worth $6.44 billion will expire on Deribit at 08:00 UTC Friday, with calls outnumbering puts at a 0.83 ratio. The largest concentrations are at $75,000 and $80,000 strike prices, close to Bitcoin's current market price ne...
The Crypto Fear & Greed Index surged from 27 to 74 in mid-August, reflecting a strong shift from fear to greed driven by Bitcoin's rally from below $68,000 to nearly $80,000 and significant gains in altcoins. This rise indicates growing investor opti...
Bitcoin fell nearly 1% to around $79,000 during Asian trading as investors took profits after a week-long rally that boosted Bitcoin by about 23%. XRP led the broader crypto market decline, dropping over 4% but still up nearly 45% for the week. Other...
Bitcoin fell back below $79,000 after testing resistance above $81,000, with traders debating if this signals a sustained crypto recovery or a short-term pullback. Institutional demand remains strong, as US spot Bitcoin ETFs saw inflows of $337.56 mi...
