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.
Bloomberg strategist Mike McGlone advises investors to consider selling Bitcoin and gold in favor of U.S. Treasuries, which now offer yields near 5%. This shift follows the Federal Reserve's recent rate hike and rising bond yields, making government ...
XRP is close to forming a golden cross, a bullish technical signal where its 50-day moving average crosses above the 200-day average, suggesting potential price gains. However, historical data shows XRP's golden crosses have not sustained long-term r...
During a recent market sell-off, XRP exchange-traded funds (ETFs) saw no outflows, contrasting sharply with Bitcoin and Ether ETFs which lost $450 million and $141 million respectively. This resilience is attributed to a largely retail investor base ...
Bitcoin surged about $2,000 from lows near $76,300 back above $78,000 due to a wave of forced liquidations of short positions totaling around $66 million. This rebound followed a Federal Reserve interest rate hike that initially pushed Bitcoin below ...
Bitcoin has shown resilience by holding near $78,000 despite several negative factors including the Federal Reserve's first rate hike in over three years, the failure of the Clarity Act in the Senate, rising oil prices, and a stronger US dollar. Hist...
