Around 47,000 Bitcoin options contracts will expire on Friday, Oct. 24, and they have a notional value of roughly $5.1 billion. This expiry event is a little larger than last week’s, but there is unlikely to be any impact on spot markets, which have been mostly sideways in the past several days. The US government […]
Bitcoin has been rangebound for the past week, trading around a support and resistance zone at $108,000; however, its next move up could be very soon, say analysts. This year has largely been a “positioning reset for Bitcoin’s market structure in spot and derivatives,” said crypto entrepreneur Joe Consorti on Thursday. He added that there has […]
Amidst recovery attempts, Bitcoin (BTC) has made a modest surge of 4% over the past 24 hours as it trades just around $111,000. Despite last week’s market volatility and the subsequent devastating losses, long-term holders are relaxed and profitable. The same cannot be said for short-term traders who are eyeing Bitcoin’s rebound above $113K to […]
Bitcoin (BTC) took a big bearish shift this past weekend, with its price dipping below $104,000 on Friday October 17th, after days of zigzagging between $116,000 and $108,000. This drop put the market in “extreme fear” for the first time since April, leading many observers to speculate on how long the bull cycle will last, […]
Bitcoin has returned to a key technical level that has played a central role in previous rallies. The 50-week Simple Moving Average (SMA), often called the bull market baseline by traders, has acted as a reliable support zone since early 2023. As of press time, Bitcoin is trading at around $111,200, showing a modest daily […]
Crypto markets have consolidated over the weekend with minor gains for the major assets, but no signs of renewed bullish momentum just yet. Despite the US government shutdown, the week ahead has a key inflation report delayed from September that is likely the last major piece of economic data the Federal Reserve will receive before its […]
Bitcoin is struggling to hold on to the $107,000 level after a brutal sell-off that wiped out billions and sent it down to a multi-week low of just under $104,000. It has put many in the market on edge, asking if this is a healthy correction or the start of a terrible bear market. The […]
Investor sentiment flipped sharply bearish as Bitcoin (BTC) and major crypto assets succumbed to macroeconomic pressures. Polymarket’s latest tweet has injected a fresh dose of skepticism into the Bitcoin narrative. The decentralized prediction market humorously noted that the odds of aliens being confirmed this year (6%) slightly surpass Bitcoin hitting $200,000 (5%). Yet beneath the […]
Bitcoin suffered a fresh decline of 2% over the past 24 hours, falling below $111,000 on Friday. The ongoing market decline is being primarily driven by Binance-led selling pressure, said CryptoQuant. The company’s analysts, however, believe this represents a short-term correction rather than the end of the broader bull cycle. Bears Dominate in Short-Term Three […]
Fed Chair Jerome Powell’s comments on Tuesday have rekindled some confidence in crypto markets, as the likelihood of rate cuts increases. In a speech about the central bank’s balance sheet, Powell openly acknowledged the rising “downside risks to unemployment” in a dovish signal that the central bank is preparing to ease monetary policy. “Rising downside […]