Bitcoin traded near $64,000 after partially recovering from a recent sell-off, holding between key support at $62,000 and resistance at $67,000. The market remains cautious due to $6.35 billion in Bitcoin ETF outflows over the past 30 days and geopolitical tensions from Iran's closure of the Strait of Hormuz, a critical oil route. These factors keep Bitcoin's near-term direction uncertain, with analysts watching for a break below $62,000 as bearish or a move above $67,000 as bullish. Overall, Bitcoin shows signs of stabilization but needs stronger volume, improved fund flows, and calmer geopolitical conditions to confirm a sustained rebound.
Bitcoin surged past $64,000 on June 20, driven by US Vice President JD Vance's announcement of his travel to Switzerland for renewed diplomatic talks with Iran. The cryptocurrency maintained its position above the critical 200-week moving average, a ...
Anthony Scaramucci, founder of SkyBridge Capital, remains confident in Bitcoin despite its recent sharp correction. He highlights five reasons for his bullish stance: Bitcoin's role as a hedge against currency debasement, its fixed supply enforced by...
Bitcoin recovered to around $64,200 over the weekend after a Friday sell-off, remaining roughly flat for the week. The market is focused on US-Iran ceasefire talks in Switzerland, while Iran's renewed threat to close the Strait of Hormuz adds uncerta...
Crypto markets gained about $39 billion after U.S.-Iran ceasefire talks led by Marco Rubio raised optimism. Bitcoin reclaimed $64,000 and Ethereum showed recovery signs, but trading volumes stayed below normal, indicating limited conviction. Traders ...
Bitcoin options open interest on CME has dropped significantly from $290M in November to around $30-40M by June 2026, with traders focusing on near-term contracts. Futures open interest remains strong, led by Binance and CME, while Deribit shows more...
