Arthur Hayes, co-founder of BitMEX, suggests Bitcoin may have found a local bottom as it starts to trade independently from US SaaS tech stocks, a sign of strength amid ongoing macroeconomic concerns. Despite risks like AI impacts on jobs and potential financial crises, Bitcoin's recent recovery above $74,000 after a dip near $65,000 indicates bullish momentum. This decoupling from traditional tech equities could signal a new phase for Bitcoin, moving away from its previous correlation with high-beta tech stocks influenced by macro factors. Investors should remain cautious but watch for further confirmation of this trend.
Bitcoin's most popular call option strike price has shifted down from $80,000 to $70,000, indicating a lower expected price ceiling for the cryptocurrency. Open interest in the $70,000 call option now exceeds $1.6 billion, reflecting traders' bets th...
Bitcoin briefly reached a three-week high near $65,600 before retreating to around $64,000, influenced by lower-than-expected US inflation data and geopolitical tensions. Ethereum also reversed from a six-week peak near $1,950, slipping below $1,900....
Bitcoin fell back to $64,000 after reaching a monthly peak of $65,500 due to profit-taking and geopolitical tensions from Iranian strikes on U.S. bases. Most altcoins also declined as bearish sentiment dominated the market, with XRP futures showing i...
Bitcoin price briefly rose to nearly $65,470 following softer US inflation reports, raising hopes the Federal Reserve might pause rate hikes. However, profit-taking by long-term holders and whales around the $65,000 resistance led to a pullback towar...
Bitcoin and Ethereum experienced combined outflows exceeding $59 million as traders moved funds into stablecoins like USDT and fiat currencies, signaling a cautious stance in the crypto market. This rotation reflects a short-term defensive strategy, ...
