Bitcoin fell 1.6% to around $63,855 as traders reduced risk ahead of U.S. inflation data and rising oil prices raised concerns about the Federal Reserve's interest rate path. Ether and XRP also declined, while some altcoins like Hyperliquid and Chainlink gained. U.S. spot Bitcoin ETFs saw net outflows after a strong inflow streak. Brent crude oil prices rose near $88 due to stalled U.S.-Iran talks, fueling inflation fears ahead of the July CPI release on August 12. The market awaits this key inflation data, which will influence Treasury yields and crypto prices. Bitcoin needs to reclaim $65,000 to regain momentum, with support near $63,000 to $64,000 critical to watch.
Bitcoin's price climbed to $74,630 even as the total cryptocurrency market capitalization fell by 1.69% to $2.5 trillion over 24 hours. Other major coins like Ether, XRP, BNB, Solana, and Dogecoin also saw gains, with Solana leading among them. Bitco...
On November 11, $323.6 million in cryptocurrency was transferred from unknown wallets to three major platforms within three hours. The largest transfer was 180 million USDT (about $179.9 million) sent to Aave, followed by 999 BTC ($74.4 million) to B...
Bitcoin's open interest on Binance fell 17% from $10.6 billion to $8.8 billion in under a month, indicating a fresh phase of deleveraging as traders reduce leveraged exposure. This decline comes alongside Binance recording its highest monthly liquida...
A trader using the handle @solanadoomer1 holds a 40x leveraged short position on 500 Bitcoin, amounting to a notional exposure of $36.97 million. The position was entered at a price of $73,907.60 per Bitcoin, with a liquidation price set at $85,451.2...
On November 11, a trader on Hyperliquid held a $19.91 million Bitcoin short position using 40x leverage, with the liquidation price just 0.44% away. The trader's cumulative losses reached $39.09 million, highlighting the high risk of leveraged crypto...
