Traders are increasingly favoring dollar-pegged stablecoins like USDT and USDC over Bitcoin, as Bitcoin's market dominance falls from 61.2% to 60% since early May. This shift reflects a preference for safer assets amid expectations that the Federal Reserve will keep interest rates elevated, making dollar-linked investments more attractive than cryptocurrencies, which offer no yield. A large $1.29 billion trade in BlackRock's Bitcoin ETF also highlights market caution. Investors are advised to watch these trends closely as they may signal a broader move toward profit-taking and risk aversion.
Bitcoin's futures market saw a significant 19.5% drop in Open Interest from $26 billion to $20.89 billion in June, outpacing the 11.4% price decline. This suggests traders are reducing leveraged positions, leading to a healthier market structure with...
Binance recorded a net inflow of approximately $170 million in USDT stablecoins over a 24-hour period, indicating a significant rise in stablecoin deposits to the exchange. This inflow suggests increased deployable capital on Binance, potentially for...
Bank of America now expects the Federal Reserve to raise interest rates three times in 2026, totaling a 75 basis point increase. This shift from earlier views signals a more hawkish Fed stance to combat inflation, which could reduce liquidity and wei...
Cryptocurrency prices are fluctuating with Bitcoin trading above $64,400, up 1.11%, and Ethereum around $1,734, up 0.86%. Several altcoins show mixed performance, with some like LAB and DEXE experiencing significant gains of over 20%, while others li...
Grayscale Investments highlights that Bitcoin's recent underperformance compared to equities and gold aligns with rising Federal Reserve rate expectations. Since late February, equities have gained 9%, Bitcoin has dropped 1%, and gold has fallen 20%,...
