Bitcoin surged above $61,000 and major cryptocurrencies like Solana and Ether rose significantly following dovish comments from Federal Reserve Chair Kevin Warsh, signaling reduced inflation risks and a softened rate hike outlook. Smaller speculative tokens such as Memecore’s M and Audiera’s BEAT led the rally, with some gaining over 80%. The market saw increased derivatives activity and positive funding rates, supporting a bullish trend. Additionally, Taiko’s rapid recovery from a $1.7 million hack briefly doubled its token price, highlighting volatility in smaller tokens. Investors are watching upcoming U.S. nonfarm payroll data and AI regulation announcements for further market direction.
Japanese company Metaplanet increased its Bitcoin holdings by 2,823 BTC to a total of 43,000 BTC, even as U.S. spot Bitcoin ETFs experienced $295 million in net outflows on July 1. This highlights a divergence in institutional approaches, with corpor...
Bitcoin's price recently dipped below $58,000 before rallying back to test the $60,000 level as support. Technical analysis suggests a falling wedge pattern is forming, which typically signals a bullish breakout, with targets at $65,500 and $67,200 i...
Bitcoin surged over 4% to trade above $61,000 following Federal Reserve Chair Kevin Warsh's remarks that inflation risks have lessened, easing concerns about aggressive interest rate hikes. This rise contrasts with a sharp 7.9% drop in South Korea's ...
Bitcoin price has climbed back above $60,000, driven by easing oil prices and improved U.S. macroeconomic sentiment, which boosted risk appetite. Despite this recovery, persistent outflows from U.S. spot Bitcoin ETFs continue to pressure institutiona...
U.S. spot Bitcoin ETFs experienced $294.62 million in outflows on July 1, continuing a 10-day streak of net redemptions led by major funds like BlackRock's IBIT. Despite this short-term selling pressure, cumulative inflows since launch remain strong ...
