Betting markets on Polymarket now assign a 59% probability that Bitcoin will reach $80,000 before the end of August, up sharply as Bitcoin surged over 21% this month to around $77,000. The rally was sparked by the US Treasury doubling bond buybacks, easing bond market pressure and pushing investors toward scarce assets like Bitcoin. Institutional inflows into Bitcoin ETFs also hit a high, supporting the price rise. Investors are now focused on the Federal Reserve's upcoming Jackson Hole meeting and a US Senate vote on crypto legislation, both of which could influence Bitcoin's trajectory.
The total cryptocurrency market capitalization fell by 2.60% to $2.82 trillion on October 13, even as Bitcoin's price increased slightly by 0.48% to $83,404. This decline reflects ongoing weakness in many major digital assets, with Ether down 0.18%, ...
Bitcoin has twice defended the $81,500 cost basis level associated with U.S. spot ETF investors despite $746 million in recent net outflows from these funds. This level, once resistance, now acts as a key support, indicating institutional investors m...
Legendary investor Paul Tudor Jones warns that 2027 could be very challenging for US stocks due to a surge in new share supply from AI companies like Anthropic and OpenAI. This increase in stock issuance contrasts with previous years where buybacks s...
Bitcoin has been consolidating above $80,000 but lacks strong momentum to confirm a bottom, with $75,000 as a key support level representing the short-term holders' cost basis. Recent activity shows many short-term holders are taking profits, and dor...
Bitcoin's price paused near $88,000 after long-term holders who bought during the 2025 rally sold heavily, especially as it approached resistance around $85,000 to $87,000. This selling pressure, combined with $487 million in ETF redemptions and over...
