Bitcoin traded near $79,972, up 0.43% in 24 hours, with optimism for reaching $85,000 fueled by strong ETF inflows and bullish market sentiment. The global crypto market cap rose to $2.72 trillion, led by gains in Solana, Ethereum, XRP, and BNB. Key upcoming events include a Senate vote on the CLARITY Act and the Federal Reserve's policy meeting, both potentially impacting Bitcoin's price. Institutional demand remains strong, with U.S. spot Bitcoin ETFs seeing $175 million in net inflows recently, supporting a possible rally above $82,000 toward $85,000.
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...
Mike McGlone, a senior commodity strategist at Bloomberg Intelligence, warned that several assets including Bitcoin, U.S. natural gas, gold, silver, and various metals could follow a pattern of rising and then retreating in 2026. He emphasized that t...
