Bitcoin traded near $64,270 on August 5, showing limited gains despite record highs in global stock markets and falling oil prices. The cryptocurrency remains about 49% below its all-time high and faces resistance at $64,300, a key level for confirming a potential breakout. While U.S. Bitcoin ETFs saw some inflows, overall demand remains weak, contrasting with strong equity and AI sector performance. A possible U.S., Iran, and Oman shipping agreement could ease geopolitical risks and oil prices, but Bitcoin's reaction will be a test of its sensitivity to macro factors. Traders are watching ETF flows, price support near $62,500, and whether Bitcoin can close above resistance to confirm a trend reversal.
Bitcoin retreated after approaching the $85,000 mark, a resistance level identified by analysts. Traders are cautious ahead of the Federal Reserve's Oct. 27-28 meeting, where the consensus expects interest rates to remain unchanged. This pause in rat...
James Wynn opened a 40x leveraged short position of 0.4947 Bitcoin on the Hyperliquid platform on October 23, with the position valued at approximately $40,500. The liquidation price for this trade was set at $82,671.48. This move comes 49 days after...
Bloomberg Intelligence strategist Mike McGlone said that market expectations of three Federal Reserve rate hikes are creating a headwind for Bitcoin, gold, and copper. He warned that Bitcoin could drop to $10,000, linking this potential decline to a ...
Bitcoin traded slightly up at $81,684 while the overall crypto market capitalization dropped 2.62% to $2.76 trillion. Bitcoin makes up 59.4% of the market, with Ether at 10.6%. Among major cryptocurrencies, BNB saw the largest gain, rising 1.87%, whi...
On October 23, Ether was the only major cryptocurrency among five tracked to have a negative perpetual-futures funding rate, meaning short sellers pay long holders. Its rate was -0.0002% every eight hours, or -0.3% annualized. In contrast, XRP had th...
