The cryptocurrency market is showing signs of recovery as $1.9 billion in Bitcoin options, $230 million in Ethereum options, and $3.7 million in XRP options expire today. Bitcoin has surged over 6% to around $62,000, supported by bullish call options and positive July seasonality trends. Ethereum and XRP traders are also opening calls anticipating rallies, with Ethereum likely to expire above $1,700 and XRP targeting $1.14 by month-end. This recovery follows weaker-than-expected US jobs data, raising hopes for a Federal Reserve rate cut and boosting market sentiment.
Bitcoin is trading around $61,697 with a modest 2.7% move, while Ethereum has surged 6.4% to $1,717. The total crypto market cap stands at $2.22 trillion, with Bitcoin dominance at 55.7%, indicating cautious capital rotation between Bitcoin and altco...
Bitwise CIO Matt Hougan says MicroStrategy's era as Bitcoin's dominant buyer is ending as the company shifts to a new capital framework allowing Bitcoin sales up to $1.25 billion for dividends, reserves, and buybacks. This change follows a drop in Mi...
For the first time in the current cycle, more bitcoin—about 10.83 million BTC—is held at a loss than at a profit, reflecting a significant correction from January's $109,000 peak. Historically, this shift signals financial stress and often precedes m...
Bitcoin surged past $61,000 after U.S. June job growth fell short at 57,000 new positions versus 115,000 expected, easing fears of aggressive Federal Reserve rate hikes. The unemployment rate was slightly better than expected at 4.2%, but the mixed d...
Bitcoin approached $62,000, with Ether and Solana leading gains amid a strong short squeeze and optimism over the Federal Reserve's interest rate outlook. Ether rose nearly 10% weekly, Solana surged 18.6%, and XRP also gained. The rally was fueled by...
