Polymarket traders currently assign only a 21% probability that Bitcoin will reach $70,000 by the end of July, with the cryptocurrency trading near $61,600. While traders expect a partial recovery, reflected in a 63% chance for Bitcoin to hit $65,000, confidence fades for higher targets above $70,000. This cautious outlook persists despite a strong rebound in U.S. spot Bitcoin ETFs, which saw $221.7 million inflows—the largest daily intake since early May—signaling renewed institutional interest. Upcoming regulatory developments like the Senate's Clarity Act and continued ETF inflows could shift market sentiment and affect these odds.
Bitcoin rose back above $62,000 after briefly dropping to a year-to-date low of $57,735, showing a modest 1.5% daily gain. The crypto market saw a sharp decline in derivatives liquidations to $31 million from $180 million, indicating reduced volatili...
On July 3, $2.13 billion worth of Bitcoin and Ethereum options expired, highlighting cautious investor positioning. Bitcoin options worth $1.9 billion expired with a put-call ratio of 0.70, while Ethereum options worth $230 million had a higher put-c...
Crypto analyst Rekt Capital warns that Bitcoin's bear market may not be over, citing historical patterns from previous cycles. He notes that Bitcoin is about 270 days from its 2025 peak, while past cycles took around 365 days to reach the bottom. The...
A large investor increased long positions in Bitcoin and Solana, risking over $70 million following a weak US jobs report that eased fears of Fed rate hikes. Despite a relief rally pushing Bitcoin toward $62K, the Fed is expected to keep rates steady...
XRP ETFs saw $6.55 million in net inflows on July 2, marking their eighth consecutive positive week and pushing assets under management close to $1 billion. Bitcoin's BIP-110 soft fork, aimed at censoring non-monetary data, was declared dead by Block...
