Bitcoin rose 8.8% to $69,687 and Ethereum jumped 18.5% to $2,248, driven by a risk-on market environment with climbing equity indices and steady US 10-year yields. Investors are rotating from safe assets like gold and the dollar into higher-risk crypto assets, reflecting optimism about a softer Federal Reserve policy path. This trend supports continued crypto gains as long as equities remain strong and bond yields stay contained, though a reversal in risk appetite could pressure Bitcoin first due to its liquidity role.
A Bitcoin trader increased their long position by about $1.6 million and closed a previous long position of 104.81 BTC valued at approximately $8.7 million. The closed long was opened at an average price of $82,971.69 per BTC and closed at $83,068.30...
A recent Bank for International Settlements (BIS) paper argues Bitcoin can't function as everyday money due to lack of credit structures and public backstops, while Michael Saylor agrees Bitcoin is better as capital than currency. Both see credit as ...
Bitcoin traded near $84,500, up 2.5% in 24 hours, recovering from a mid-October dip below $80,000. The total crypto market cap rose 2.2% to $2.9 trillion, with XRP and Zcash showing strong gains. Inflation concerns eased slightly as Brent crude and U...
Bitway (BTW) surged 27.65% in 24 hours to $2.10, topping gains among the 90 largest cryptocurrencies excluding stablecoins. Overall, 78 of these assets advanced, including Rain (RAIN) up 13.45% and Pearl (PEARL) rising 12.74%. Bitcoin and Ether also ...
Bitcoin, XRP, and Cardano have seen price rebounds over the past two days, with Bitcoin rising from around $81,200 to $83,407 and XRP and Cardano also showing gains. Crypto expert Ali Martinez highlighted that these price moves coincide with spikes i...
