Traders have purchased $2.5 billion in bitcoin call spreads targeting a price of $72,000 by July 31, coinciding with the Federal Reserve's interest rate decision on July 29. This bull call spread strategy indicates moderate confidence in bitcoin's price rising from its recent $64,000 level. The timing suggests traders expect the Fed meeting to be a catalyst for price movement, despite current market odds favoring a hold on rates. Geopolitical tensions and inflation data add complexity, but large traders appear optimistic about bitcoin's near-term gains.
Bitcoin is trading near $64,000 after rebounding from a low of $62,516, consolidating in a tight range as volume declines. The cryptocurrency faces resistance at $64,500 to $65,500, with key support between $62,000 and $62,500. Technical indicators s...
Bitcoin rose slightly above $63,900 but with declining trading volume and persistent extreme fear among investors, indicating a cautious and fragile rebound rather than a strong trend reversal. Despite improving on-chain activity and a modest increas...
Former Binance CEO Changpeng Zhao highlighted Bitcoin's unique inflation protection due to its fixed supply of 21 million coins, contrasting it with AI companies that can dilute shares. He emphasized Bitcoin's role as a hedge against inflation amid r...
Bitcoin recovered to about $63,972 after midweek losses, influenced by a new AI model, Kimi K3, from Beijing's Moonshot AI that outperformed top models from OpenAI and Anthropic. This AI advancement challenges costly infrastructure assumptions, impac...
Bitcoin could see a rally pushing prices toward $67,000 and possibly $74,000-$76,000 before a potential sharp decline around the 2026 U.S. midterm elections. Analysts suggest a post-midterm crash could drop Bitcoin to the $51,000-$56,000 range, clear...
