Leveraged hedge funds trading on the Chicago Mercantile Exchange (CME) have shifted from a long-standing net short position to a net long stance on bitcoin futures. This change marks a rare and significant move toward bullish exposure on bitcoin, suggesting growing confidence in a potential bitcoin rally. The shift could influence market sentiment and trading dynamics in the cryptocurrency space going forward.
Bitcoin remained the most-searched cryptocurrency on October 15, despite falling 2.78% to $80,081 and holding the largest market cap at over $1.6 trillion. Among seven tracked cryptocurrencies, Zerebro posted the biggest 24-hour gain, rising 43.64% t...
US wholesale inflation accelerated to 6.3% in September, driven by a 20.3% surge in gasoline producer prices, marking the largest jump since 2022. Despite this inflation rise, Bitcoin prices slipped slightly but remained above $81,000. Meanwhile, pre...
Bitcoin (BTC), the largest cryptocurrency by market value, fell below the $80,000 mark to $79,869 on Binance's spot market at 9:55 a.m. ET on October 15. This drop reflects a 1.04% decrease over the preceding hour, with the price moving from $80,649 ...
Bitwise CIO Matt Hougan argues that Bitcoin benefits under nearly every macroeconomic scenario related to AI's impact. Whether AI leads to economic superabundance, a bubble burst with government bailouts, or steady growth, Bitcoin is positioned to ga...
Bitcoin's price fell 1.04% within one hour ending 9:55 a.m. ET on October 15, dropping from $80,706 to $79,869. During this period, $22.28 million in long positions were liquidated across three major exchanges: Binance, Bybit, and OKX, alongside $660...
