On May 22, Bitcoin long positions worth about $320 million were liquidated following the SEC's unexpected delay of a plan to grant exemptions for US crypto firms to trade tokenized stocks. This regulatory setback caused Bitcoin's price to drop toward $76,000 and ended a week of sustained buying pressure. Traders had built leveraged long positions expecting a regulatory green light, but the delay forced many to exit. The postponement highlights ongoing cautious regulatory moves in the US crypto market, impacting sentiment and market structure as investors await clearer rules on tokenized equities.
Bitcoin traders have placed large bets on the cryptocurrency reaching $72,000 by the end of July through options contracts worth about $2.5 billion. This target comes just after the Federal Reserve's July 29 interest rate decision, which could either...
Cryptocurrency markets display varied price changes with Bitcoin holding around $64,935, slightly down by 0.25%. Ethereum and several altcoins such as ADA and SOL experienced more significant declines, with ADA dropping over 4% and SOL over 2%. Some ...
Japan's Bitcoin ETF market is projected to grow to about $18.4 billion by fiscal 2028, representing only 0.13% of the country's $14.6 trillion in household financial assets. This growth is expected from existing crypto investors, new retail investors...
Bitcoin options on Deribit show a $5 billion open interest concentrated at the $70,000 and $72,000 call strikes, reflecting strong bullish sentiment. Calls outnumber puts by a large margin, driven by large bull call spreads and outright call purchase...
Bitcoin price dropped to around $65,000 following $225 million in net outflows from U.S. spot ETFs and a $1.2 billion options expiry setting a key support level at $64,500. The price remains above a rising trendline but faces resistance near $66,800,...
