Major cryptocurrencies, including Bitcoin, fell by more than 2% as traders increased expectations for a Federal Reserve interest rate hike in July. This shift is driven by rising U.S.-Iran tensions, surging oil prices, and hawkish Fed comments, pushing the two-year U.S. Treasury yield to its highest since early last year. Investors await the U.S. consumer-price index report and Fed Chair Kevin Warsh's congressional testimony for clearer guidance on future rate moves. The inflation data and testimony will be key to determining whether the Fed proceeds with a hike or holds steady.
Bitcoin has rebounded from around $58,000 to trade near $63,000-$64,000, approaching a key resistance zone at the 50-day EMA near $64,600. Despite multiple tests, it has yet to break out decisively, but technical signals like higher lows and a rising...
Canadian rapper Drake lost $1 million on a Bitcoin-funded bet after Conor McGregor was quickly defeated by Max Holloway at UFC 329. McGregor injured his knee early in the fight, leading to a swift referee stoppage just over a minute in. This loss add...
Ethereum's price remains under $1,800 amid mixed signals from the market. While hopes for an Ethereum ETF have supported interest, the futures market shows caution, limiting upward momentum. This suggests investors are waiting for clearer regulatory ...
More than $315 million in leveraged long positions were liquidated within 24 hours as Bitcoin dropped below the $60,000 support level, sparking forced selling across crypto derivatives markets. Bitcoin led with $152 million liquidated, followed by Et...
Bitcoin climbed above $63,000 supported by $197 million inflows into U.S. spot Bitcoin ETFs, ending weeks of withdrawals. This inflow indicates renewed institutional interest, helping stabilize Bitcoin prices despite global market volatility. Analyst...
