Bitcoin's price decline in June has pushed about $8.6 billion of the $10.6 billion worth of bitcoin options expiring on June 26 out of the money, meaning most bullish bets are currently underwater. Only 20% of these options are profitable if exercised now, highlighting a strong market imbalance that could trigger volatile price swings as traders adjust positions before expiry. Key support and resistance levels are at $60,000 for puts and $80,000 for calls. Additionally, the max pain price of $74,000 suggests bitcoin might rebound toward this level as expiry approaches, though this effect is debated in crypto markets.
The U.S. Federal Reserve, under new Chair Kevin Warsh, is expected to keep interest rates steady in its first meeting, with markets closely watching the policy statement and press conference for hints on future hikes. Bitcoin could react positively i...
Ahead of the first Federal Open Market Committee (FOMC) decision under new Fed Chair Kevin Warsh, Bitcoin slipped below $65,000 and most cryptocurrencies softened, with traders focusing on Warsh's inflation outlook rather than immediate rate changes....
Bitcoin fell 1.28% to $65,545.74 while Ethereum rose 1.02% to $1,788.32 amid cooling trading volumes in spot, derivatives, and stablecoins. Most large-cap altcoins declined, and total crypto market cap stood near $2.25 trillion with reduced trading a...
A wallet linked to BitMEX co-founder Arthur Hayes purchased 1,400 ETH worth about $2.51 million, while another whale, geministar.eth, accumulated 32,278 ETH valued at roughly $57 million over two days. These large buys come amid a market dip and sugg...
SpaceX's IPO surged nearly 50% shortly after launch, turning a $1,000 investment into about $1,489, while Bitcoin dropped 38% over the past year, reducing $1,000 to around $615. SpaceX's rise is driven by its unique market position and IPO demand, wh...
