Bitcoin surged past $81,000, its highest since January, driven by options market strategies betting on a gradual price rise despite ongoing U.S.-Iran tensions and steady central bank policies. While other major cryptocurrencies showed mixed performance, Bitcoin's options desks have positioned for a breakout, with risk-reversal indicators expected to turn positive if the price decisively stays above $80,000. Upcoming U.S. earnings and jobs data could further influence Bitcoin's volatility in the near term.
ChatGPT predicts Bitcoin's price will reach $145,000 by the end of 2024, suggesting a 122% increase from current levels around $65,060. Looking further ahead to December 31, 2026, it forecasts a new all-time high with a weighted probability approach:...
Cryptocurrency markets exhibit mixed price changes, with Bitcoin rising 0.72% to $64,914 and Ethereum increasing 3.54% to $1,953. Other notable movements include Binance Coin up 0.46% and Shiba Inu down 4.44%. These fluctuations reflect ongoing marke...
Bitcoin price climbed back above $65,000 on July 27 following a pause in US-Iran military strikes, which eased fears of prolonged oil supply disruptions and caused oil prices to fall sharply. This decline in oil prices supported risk assets, includin...
The yield on two-year US Treasury notes has risen to 4.31%, exceeding the Federal Reserve's target range and increasing pressure on risk assets such as stocks and Bitcoin. Despite a weaker US inflation report, traders expect interest rates to remain ...
U.S. federal debt has reached a record $39.7 trillion, growing by about $7 billion daily, prompting investors to turn to bitcoin and gold as safe-haven assets. This trend, known as the 'debasement trade,' bets on the decline of fiat currency value du...
