BTC’s inability to break its own all-time high has resulted in a massive rejection that pushed it south hard to under $69,000 earlier today. The altcoins have followed suit, which has harmed over-leveraged traders, with more than 90,000 such market participants getting wrecked in the past day. Bitcoin/Price/Chart 01.11.2024. Source: TradingView The primary cryptocurrency was […]
Approximately 28,000 Bitcoin options contracts are expiring on Friday, Nov. 1, with a notional value of around $2 billion. Today’s options expiry is much smaller than last week’s month-end event, which saw more than double the value of BTC options expiring. Therefore, its impact on spot markets is likely to be muted. Bitcoin Options Expiry […]
The BlackRock iShares Bitcoin Trust (IBIT) recorded a whopping $642.9 million in inflows on Oct. 29, according to Farside data. It is the largest inflow since March 12 bringing the total net inflow for all funds to $870.1 million, the highest since June 4. Bloomberg ETF analyst Eric Balchunas observed that the fund also saw […]
Bitcoin’s price seems to be on the verge of achieving a new all-time high in a massive rally leading up to the US Presidential elections. The price managed to get as high as $73,600, which is less than $200 away from a new peak. Source: TradingView This has caused considerable turmoil in the derivatives market, […]
TL;DR Analysts anticipate a strong BTC rally, driven by bullish market signals and potential accumulation by large entities. On the other hand, high profitability among holders may suggest a short-term price correction. BTC Explosive Rally Incoming? The leading digital asset traded sideways over the past weekend, ranging from $66,500 to $67,500. However, the start of […]
Less than a year after their launch, spot Bitcoin ETFs have recorded unprecedented growth, boosting investors’ interest and demand for the largest cryptocurrency. A recent report by Binance Research, the research arm of the global cryptocurrency exchange, revealed that bitcoin ETFs have accumulated over 938,000 BTC, worth $63.3 billion. This figure represents 4.5% of the […]
Bitcoin and the altcoins went through massive volatility on Friday night after a controversial report from the Wall Street Journal, which was denied by Tether’s CEO immediately. However, the damage was done, which harmed over-leveraged traders, as the liquidations skyrocketed to over $400 million on a daily scale. CryptoPotato reported WSJ’s claims that the US […]
Around 62,600 Bitcoin options contracts are expiring on Friday, Oct. 25, with a notional value of around $4.26 billion. Today’s options expiry is a month-end event, which makes it much larger than regular weekly expiries. Moreover, spot markets have been in decline since their high on Monday, so can the trend be reversed? Bitcoin Options Expiry […]
The billionaire investor said that “all roads lead to inflation” in an interview with CNBC on Oct. 22. He added that he was long on gold and long on Bitcoin, stating that commodities are so “ridiculously under-owned.” “I probably have some basket of gold, Bitcoin, commodities, and Nasdaq, something like that. And I own zero fixed […]
Bitcoin (BTC) is approaching a crucial price range, one that analysts say will be the first real resistance test. The cryptocurrency surpassed $69,500 on October 21, crushing the level last seen in late July when Bitcoin-friendly U.S. presidential candidates Donald Trump and Robert F. Kennedy gave highly anticipated speeches at the Nashville Bitcoin Conference. Despite […]