Bitcoin briefly rose above $62,400 following the US May Consumer Price Index report showing inflation at 4.2%, but then dropped below $62,000 amid renewed US-Iran tensions and a stronger US dollar. The cryptocurrency has declined about 7.5% over the past week, with key support seen around $60,000 to $60,500. Elevated US Treasury yields and weakening institutional demand have pressured Bitcoin, while volatility in options markets has increased. A sustained recovery may depend on softer dollar strength, lower yields, or renewed buying interest above $62,400 and toward $64,000 to $65,000.
Cryptocurrency prices are fluctuating with Bitcoin trading near $63,359, up by 0.98%, and Ethereum at $1,664, up 1.07%. Some altcoins like Monero (XMR) and LAB have seen significant gains of 8.72% and 18.75% respectively, while others like TRX and BE...
Matt Cole, CEO of Strive, describes the recent Bitcoin selloff as a mild bear market, highlighting strong fundamentals like growing institutional adoption and improved regulation. He expects Bitcoin to rise above $80,000 and possibly reach six figure...
SpaceX's upcoming IPO is predicted to value the company at $2.4 trillion, creating significant market volatility and a 'stress test' for Bitcoin's price. The IPO has driven increased trading interest in SpaceX-linked perpetual contracts, reflecting h...
Bitcoin, Ethereum, and XRP prices increased following former U.S. President Trump's suggestion of a potential peace deal with Iran this weekend. This geopolitical optimism boosted market sentiment despite nearly $2.5 billion in crypto options expirin...
Bitcoin price rose above $63,000 following Donald Trump's announcement of canceled U.S. strikes on Iran and progress toward a peace agreement, reversing losses caused by higher-than-expected U.S. producer inflation data. Despite conflicting reports f...
