Cryptocurrencies including bitcoin and ether dropped after the Federal Reserve kept interest rates steady but signaled a more hawkish stance on inflation, suggesting rates may stay higher for longer. This tightening of financial conditions weighed on risk assets like crypto, despite stocks rising on news of a signed Iran peace deal that eased geopolitical tensions. Bitcoin traded around $63,900, down 3% in 24 hours, while ether and other major tokens also fell. Analysts expect bitcoin to remain between $60,000 and $70,000 unless new catalysts like U.S. crypto legislation or further Iran de-escalation emerge. The market appears to be consolidating amid cautious investor sentiment under the tighter Fed policy environment.
Bitcoin's sharp rallies have become less frequent due to institutional call-option selling and profit-taking by large holders, yet a price of $90,000 by the end of 2026 is projected. Market sensitivity to Wall Street strategies and macroeconomic news...
Strategy increased its Bitcoin holdings by 811 BTC recently, bringing its total to 849,327 BTC, over 4% of all Bitcoin in circulation. The company also reduced its leverage from 108% at the start of 2023 to just 3%, reflecting a stronger financial po...
Michael Saylor's company, Strategy, has nearly reached $1 billion in unrealized profits from its Bitcoin holdings, despite ongoing market volatility. The firm recently added 811 BTC worth $65.5 million, bringing its total to 849,327 BTC valued at abo...
Major cryptocurrencies declined as Bitcoin ETFs experienced over $1 billion in outflows following the $6.3 billion Binance hack. Despite the sell-off, analyst Tom Lee called the market's response "constructive," highlighting Binance's coverage of los...
A trader on Hyperliquid closed losing long positions in Bitcoin, HYPE, and Zcash, totaling about $6.13 million in losses, with Bitcoin accounting for roughly 72% of the losses. After this exit, the trader opened new leveraged long positions worth app...
