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.
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
