Bitcoin traders have placed large bets on the cryptocurrency reaching $72,000 by the end of July through options contracts worth about $2.5 billion. This target comes just after the Federal Reserve's July 29 interest rate decision, which could either boost or hinder Bitcoin's climb from around $65,000. The $70,000 to $72,000 range is a critical resistance zone that Bitcoin has struggled to surpass, and breaking above it could signal a new bullish phase. However, sustained gains depend on positive Fed signals and continued buying interest, especially from ETF inflows, as selling pressure from holders remains a risk.
Cryptocurrency markets display varied price changes with Bitcoin holding around $64,935, slightly down by 0.25%. Ethereum and several altcoins such as ADA and SOL experienced more significant declines, with ADA dropping over 4% and SOL over 2%. Some ...
Japan's Bitcoin ETF market is projected to grow to about $18.4 billion by fiscal 2028, representing only 0.13% of the country's $14.6 trillion in household financial assets. This growth is expected from existing crypto investors, new retail investors...
Bitcoin options on Deribit show a $5 billion open interest concentrated at the $70,000 and $72,000 call strikes, reflecting strong bullish sentiment. Calls outnumber puts by a large margin, driven by large bull call spreads and outright call purchase...
Bitcoin price dropped to around $65,000 following $225 million in net outflows from U.S. spot ETFs and a $1.2 billion options expiry setting a key support level at $64,500. The price remains above a rising trendline but faces resistance near $66,800,...
Bitcoin remained steady just below $65,000 while the broader crypto market showed gains even as Brent crude oil surged to $97.66, its highest since May, driven by ongoing Iran conflict concerns. This resilience contrasts with past oil price spikes th...
