Bitcoin traded near $64,270 on August 5, showing less than 1% gain despite record stock markets and falling oil prices. Traders are watching a potential US, Iran, and Oman shipping deal that could lower oil prices further, which usually benefits Bitcoin by easing inflation and lowering bond yields. US spot Bitcoin ETFs saw inflows of $19.6 million after recent heavy outflows, signaling some renewed investor interest. Analyst Ali Martinez highlighted $64,300 as a key resistance level; a close above it could trigger a rally toward $65,500 or $66,500. Meanwhile, BitMEX co-founder Arthur Hayes warned of an AI-driven debt bubble that might cause short-term volatility but could eventually push Bitcoin past $1 million if a credit crisis prompts government intervention.
The CME's FedWatch tool indicates a better than even chance of a Federal Reserve rate hike next month and a 44% chance of another hike in December. This reflects ongoing inflationary pressures, where typically the 10-year Treasury yield must outpace ...
Contango Silver & Gold is considered a speculative buy due to expected peak cash distributions from its Manh Choh project in 2027, projected at $165–$175 million assuming gold prices of $3,700 per ounce. Despite high forward price-to-earnings ratios ...
Zcash (ZEC), a privacy-focused cryptocurrency, surged to $1,521, marking a 2,800% gain over the past year. Grayscale announced a 3-for-1 forward stock split for its Zcash ETF (ZCSH), effective September 30, to lower the share price and increase liqui...
Gold and silver prices fell last week due to the U.S. Federal Reserve's rate hike, which boosted the U.S. dollar and pressured metals priced in dollars. However, easing oil prices from restored Gulf exports have softened inflation fears, supporting p...
Bitcoin's market capitalization has risen to $1.615 trillion, surpassing Tesla's $1.438 trillion and Samsung's $1.237 trillion, placing it 13th among global assets. This follows Bitcoin's price peak at $81,914 on Saturday after four consecutive days ...
