Bitcoin price recovered above the key $63,500 level after volatile trading, supported by renewed inflows into US-listed spot Bitcoin ETFs totaling $221.7 million, ending a 10-day outflow streak. This institutional demand boost came alongside weaker-than-expected US labor data, which reduced fears of an imminent Federal Reserve rate hike, easing Treasury yields and strengthening risk appetite. Traders now watch if Bitcoin can hold $63,500 to retest resistance near $65,700; a drop below $63,500 could shift focus to $61,000. The market remains cautious due to June’s heavy outflows and regulatory pressures, so sustained buying is needed for a durable rally.
U.S. spot Bitcoin ETFs experienced $526.64 million in net outflows last week, extending their losing streak to eight consecutive weeks, the longest since these ETFs began trading. Spot Ethereum ETFs also posted $13.67 million in outflows, reflecting ...
Bitcoin climbed to $63,700, its highest in two weeks, driven by a 2.7% weekend gain as traders prepare for a week packed with important U.S. economic data. The Federal Reserve's meeting minutes, the first under new Chairman Kevin Warsh, along with jo...
The US dollar slid toward two-week lows after a weak June jobs report showing only 57,000 new nonfarm jobs, which lowered expectations for Federal Reserve rate hikes. This shift reduced the odds of a September rate increase from 65% to about 50%, eas...
XRP is attempting a strong recovery, testing key resistance at its 50-day moving average, with bullish momentum returning but still facing significant resistance. Shiba Inu remains weak, trading below major moving averages and struggling to break key...
Bitcoin options traders are showing bullish sentiment ahead of the July 8 options expiry, coinciding with the release of the Federal Reserve's June meeting minutes. Call options significantly outnumber puts, indicating optimism for Bitcoin to break a...
