The gap between diesel prices and crude oil costs, known as the "crack spread," has hit a record $102.20 per barrel due to global supply disruptions from conflicts in Iran and Ukraine and peak seasonal demand. This surge is expected to drive up food and transportation costs, increasing inflation pressures. Meanwhile, crude oil prices are showing signs of recovery, which could further fuel inflation fears and limit Bitcoin's price gains. However, a weakening U.S. dollar may support Bitcoin, creating a mixed market environment with opposing forces influencing its price trajectory.
Bitcoin is trading around $64,162, showing strong buyer control and breaking key downtrend lines. The price is consolidating between $61.8K and $67.3K, with a critical resistance zone at $65K that could confirm a bullish breakout if surpassed. Techni...
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
Bitcoin's funding rates for derivatives have reached their highest level in 20 months, indicating traders are increasingly taking leveraged long positions despite Bitcoin's price hovering around $64,000. This rise in funding rates reflects strong bul...
Bitcoin's price rose above $64,000 after buyers defended the crucial $63,300 support level, signaling a potential move toward $65,000 if the recovery holds. Despite this bounce, Bitcoin's implied volatility is at the lowest 2% of its historical range...
Bitcoin is trading close to $64,000 with attempts to break $65,000, but critic Peter Schiff advises holders to sell rather than expect a strong recovery. Schiff sees $65,000 as a key resistance level with more downside risk than upside potential, fav...
