Bitcoin fell 0.7% after failing to break the $80,000 resistance level, trading around $77,600 amid rising oil prices which surged 1.5% to $103 per barrel following U.S. seizure of Iranian tankers. Ether and most altcoins also declined, with ether dropping 2.5% to $2,320. Despite bitcoin breaking out of a two-month range, bearish sentiment persists, reflected in derivatives with high open interest and negative funding rates, signaling potential for a short squeeze rally if bears unwind. The broader crypto market remains cautious, with altcoin participation weak and volatility low amid geopolitical tensions and disrupted oil markets.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
