Bitcoin dropped below $73,000 amid mixed market reactions to a reported U.S.-Iran draft peace agreement. While stocks and bonds rose and oil prices fell below $90 per barrel following news of a potential 60-day ceasefire extension and nuclear talks, crypto markets remained weak. The Federal Reserve's preferred inflation gauge, the PCE index, hit 3.8% in April, the highest since 2023, adding pressure on policymakers. Treasury Secretary warned against any tolls on shipping through the Strait of Hormuz, signaling ongoing geopolitical risks despite peace talks.
Most major cryptocurrencies experienced price declines, including Bitcoin dropping 3.25% to $72,762 and Ethereum falling 3.96% to $1,987.25. Other notable coins like Binance Coin, Solana, and Cardano also saw decreases, reflecting a broad market pull...
Bitcoin's price volatility has dropped to its lowest level in nine months despite ongoing macroeconomic uncertainty and geopolitical risks. This quiet period coincides with over $1 billion in Bitcoin ETF outflows last week, suggesting investors are c...
BlackRock's spot Bitcoin ETF experienced its largest single-day outflow ever, with hundreds of millions of dollars redeemed amid a sharp intraday Bitcoin sell-off. This triggered one of the heaviest combined exit days for U.S. Bitcoin ETFs since Janu...
JPMorgan reports that investors are pulling money from Bitcoin and gold as macroeconomic fears ease, particularly tensions in the Middle East and inflation concerns. Both Bitcoin and gold ETFs have experienced significant outflows recently, reversing...
A new altcoin rally may be starting, driven by Hyperliquid (HYPE), a decentralized trading platform hitting new highs. Analyst Michael van de Poppe highlights HYPE as a key market momentum indicator and expects it to exceed $100 due to its unique acc...
