Bitcoin approached $62,000 following a strong short squeeze that liquidated $281 million in bearish bets, pushing major cryptocurrencies higher. Ether rose nearly 10% weekly, and Solana gained almost 19%, driven by weaker U.S. jobs data that reduced expectations for further Federal Reserve rate hikes. This macro backdrop lifted risk assets broadly, including Asian stocks, while questions remain if the short squeeze will lead to sustained demand amid ETF outflows and thin liquidity. The crypto market saw its strongest week since mid-June, but ongoing volatility and liquidity challenges persist.
Bitcoin approached $62,000, with Ether and Solana leading gains amid a strong short squeeze and optimism over the Federal Reserve's interest rate outlook. Ether rose nearly 10% weekly, Solana surged 18.6%, and XRP also gained. The rally was fueled by...
John Bollinger, creator of Bollinger Bands, identified a fractal "W" pattern on Bitcoin's charts indicating a possible double-bottom recovery signal. After failing to sustain above $82,000 in May, Bitcoin corrected sharply and now trades around $61,5...
Saudi Arabia increased oil exports through the Strait of Hormuz following a U.S.-Iran truce, causing WTI crude prices to fall to a 125-day low below $68 per barrel. Meanwhile, Bitcoin surged 5% past $61,500, and gold remained steady above $4,000 an o...
Bitcoin's market capitalization surpassed Samsung Electronics, Micron Technology, and SK Hynix after a sharp selloff in AI-related semiconductor stocks. Bitcoin briefly traded above $62,000, reaching a valuation of about $1.23 trillion, while Samsung...
Bitcoin has been in a persistent downtrend for weeks, invalidating bullish signals. Legendary trader John Bollinger identified a complex double-bottom 'W' pattern forming on the charts, which could signal the end of the downtrend if the price breaks ...
