This week's slew of U.S. economic data will determine whether the dollar continues to weaken, offering a tailwind to BTC and other risk assets.
Miners often turn to OTC deals to sell bitcoin, CryptoQuant noted.
Bitcoin and the wider crypto market are rallying despite a downtrend in the equities markets, particularly in tech stocks, pointing to a breakdown in correlation between the two. The flagship crypto surged over 4% over the past few hours to $66,377 as of press time, based on CryptoSlate data. Meanwhile, other top tokens like Ethereum […]
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Galaxy’s head of research, Alex Thorn, believes the impending distribution of more than 140,000 Bitcoin (BTC) from the defunct Mt. Gox exchange will have a less severe market impact than anticipated. Thorn said his research shows that the selling will mostly come from individual creditors, who are receiving less than half of the total 140,000 […]
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Elliott Wave Theory offers a method for analyzing market cycles and predicting price movements in the crypto market.
Conference attendees give their say on market sentiment.
Bitcoin (BTC) surged past the $70,000 mark on May 21, marking a significant milestone driven by a flood of investment into spot Bitcoin exchange-traded funds (ETFs) and a broader market rally. Bitcoin’s price climbed to $70,325, a 6% increase over 24 hours, before settling at $68,700 as of press time, based on CryptoSlate data. Ethereum […]
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One trader said rising risk appetite for alternative assets could cause bitcoin to exceed the $70,000 level over the weekend.
Former BitMex CEO Arthur Hayes believes the upcoming US Treasury policy actions under Secretary Janet Yellen could significantly influence the liquidity landscape and potentially catalyze rallies for crypto and stocks. Hayes said the market should stop focusing on the Fed’s policy decisions because the Treasury only has three options for its policy action next week […]
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Bitcoin’s (BTC) value plummeted below $65,000 on April 12, a stark drop from its $71,000 peak earlier in the day, as a wave of selling hit the crypto and equities markets, causing some altcoins to fall more than 15% in a matter of minutes. The decline mirrored a broader selloff across asset classes amid heightened […]
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The US Federal Reserve announced on March 20 that it would keep interest rates steady at 5.25% to 5.5% — aligning with market expectations and easing concerns of a more aggressive tightening of monetary policy. Additionally, the Federal Open Market Committee (FOMC) maintained its projection for a rate cut within this year, signaling a cautious […]
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The leading cryptocurrency had crossed $70,000 for the first time ever last week.
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
The market-wide resetting of funding rates means potential for a more long lasting move to record highs in bitcoin.
Some traders bought bitcoin calls at strikes $45,000 and $46,000 during Thursday's U.S. trading hours, according to over-the-counter institutional cryptocurrency trading network Paradigm.
After the spot bitcoin ETF approval, all attention turns to how much demand these investment vehicles will attract.