Bitcoin has held steady above $62,000 despite escalating U.S.-Iran tensions and rising oil prices, signaling an end to panic selling that caused a 28% drop this year. Renewed inflows into U.S.-listed spot bitcoin ETFs and a sharp slowdown in spot market selling suggest that marginal sellers have exited the market. However, analysts caution that the recent price stability is mainly driven by speculative futures trading rather than strong spot demand, meaning prices could remain range-bound until more robust buying returns. Upcoming U.S. economic data and Federal Reserve testimony may influence bitcoin's near-term trajectory.
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
Cboe BZX Exchange has filed with the SEC to list the first triple-leveraged Bitcoin and Ether ETFs in the US, aiming to deliver three times the daily returns using CME futures contracts. The proposal, submitted on August 10 and published on August 14...
XRP is declining against the US dollar, nearing the key $1 level, signaling potential further drops if this support fails. However, technical analysis against Bitcoin shows XRP may have hit a bottom and is poised for a rebound, possibly gaining about...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading near $63,138, slightly down by 0.5%, and Ethereum showing a small gain of 0.2%. Several altcoins like OKB and SHIB have notable increases, while others such as UNI and INJ face declin...
Cryptocurrency markets show a general downward trend with Bitcoin priced at $63,130, down 1.4%, and Ethereum at $1,884.93, down 0.7%. Other major coins like Binance Coin and Solana also saw slight decreases. This reflects ongoing market volatility an...
