Last week, spot Bitcoin ETFs attracted over $1 billion in net inflows, their best in months, pushing Bitcoin's price above $78,000. This surge coincided with easing geopolitical tensions, particularly between the US and Iran, which led to a significant drop in Brent oil prices by over 10% to around $85 per barrel. Investors are shifting from traditional safe havens like the US dollar to riskier assets like Bitcoin due to concerns over US debt demand and long-term returns. The reopening of the Strait of Hormuz to commercial shipping helped calm markets and boosted confidence in alternative investments like cryptocurrencies.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
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'...
