The Coinbase Bitcoin Premium Index has remained negative for 60 consecutive days, indicating sustained weak institutional demand for Bitcoin in the U.S. This is the longest negative streak recorded, surpassing the previous 30-day record during the 2010-11 crash. Bitcoin's price hovers around $63,000-$64,000 but faces resistance levels. Meanwhile, Ethereum's chances of reaching $10,000 by the end of 2026 are low, with only a 1.9% probability, reflecting reduced institutional interest. Investors should watch for changes in U.S. institutional demand and significant developments in Ethereum that could impact market trends.
Arthur Hayes, BitMEX co-founder, suggests that Japan's use of the Federal Reserve's FIMA repo facility to support the yen could increase dollar liquidity temporarily, benefiting Bitcoin, Ether, and gold prices. Japan coordinated a yen intervention wi...
Bitcoin fell below $65,000 after failing to hold that level for four days, with ether and XRP leading declines among major cryptocurrencies. The market is cautious ahead of U.S. inflation data, influenced by rising bond yields and higher oil prices. ...
Arthur Hayes predicts that the Federal Reserve's plan to help Japan defend the yen by using the FIMA Repo Facility will increase dollar liquidity, which could drive up Bitcoin prices. Japan would use its US Treasury holdings to borrow dollars, conver...
Ethereum price is currently trading near $1,905 and is testing a critical resistance level around $1,923, which has limited gains since June. The cryptocurrency has shown signs of recovery with higher lows and support near $1,877, but it needs to bre...
On August 11, cryptocurrency markets displayed mixed performance. XRP remains bearish, trading near $1.03 with resistance at $1.07-$1.18 and risk of further decline if it falls below $1.00. Zcash holds a stronger technical position above key moving a...
