Bitcoin drops below its 200-day average to near $104,500 amid broad sell-off; $1.2B in liquidations signal mounting stress as traders brace for further downside.
Crypto markets extended their steep losses Thursday as altcoins plunged and bitcoin tested key support, with derivatives data showing cautious sentiment amid fading liquidity.
Bitcoin traded near the bottom of its range at $112,000 while altcoins tumbled, led by FET’s steep drop.
Bitcoin steadies around $111,000 after a bruising sell-off, as derivatives and options data show mixed signals between cautious futures traders and bullish options buyers.
Bitcoin derivatives show renewed optimism after a leverage flush, with open interest and basis rebounding, while options traders tilt bullish as funding rates diverge across exchanges.
Bitcoin’s rebound from overnight lows has reignited bullish sentiment across crypto markets, with institutional inflows and leveraged positioning pointing to potential upside.
A firmer U.S. dollar and fading risk appetite weighed on bitcoin Thursday, while Binance’s new Meme Rush platform targets surging Chinese-language memecoin speculation.
Gold’s record-breaking rally and Bitcoin’s recovery to $122K come as derivatives markets show signs of profit-taking, not panic
Bitcoin’s battle with $120,000 could set the stage for fresh record highs, as derivatives data shows signs of both bullish conviction and concentrated risk, while altcoins outperform.
A wave of ETF inflows, gold’s strength, and bullish derivatives positioning fueled a sharp rally, while Plasma’s XPL token faced scrutiny over insider sales claims.
Bitcoin and ether climbed nearly 3% each, but altcoins stole the spotlight with double-digit surges as traders bet on a fresh “altcoin season.”
BTC and ETH edge higher as derivatives metrics flash a tentative bullish tilt, while new DEX Aster grabs $64B in daily volume with extreme leverage despite weak token performance.
October is the month in which bitcoin, on average, posts its best returns.
The crypto market is a sea of red, with the CoinDesk 20 Index down 5% in 24 hours and all members lower.
Bitcoin fell, nearly erasing gains from Wednesday’s rebound, while ether slid more than 3% to trigger large liquidations.
The decline followed a supposedly dovish Fed interest-rate cut, which was expected to weaken the dollar and encourage more risk-taking in crypto markets.
Major cryptocurrencies rallied following the Federal Reserve's interest-rate cut, though some analysts remain cautious.
Bitcoin hit its highest point since Aug. 22 before retreating, while altcoins posted stronger gains.
Traders are anticipating increased volatility after Wednesday's Federal Reserve interest-rate decision.
Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.
Analysts remained optimistic saying they expect new lifetime highs in BTC and outsized gains in select few tokens, such as HYPE, SOL and ENA.
Market gains may accelerate if the CPI prints below estimates, strengthening the chance of a Federal Reserve rate cut.
CoinMarketCap's altcoin season index rose to almost 60% in a signal that the season is upon us.
Smaller tokens are having a blast as major cryptocurrencies recover from the decline late on Friday.
Altcoins like DOGE and SUI are rallying as the broader memecoin market shows signs of rejuvenation.
Implied volatility indexes suggest moderate price swings in major cryptocurrencies like bitcoin and ether, with larger changes in XRP and SOL.
Both bitcoin and the CoinDesk 20 Index are lower, and the negative sentiment is echoed in the options and perpetual futures markets.