U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the…
Tag: Markets
Bitcoin Trades Around $57K, Crypto Market Drops 6% in Run-Up to Fed Decision
BTC is down about 6.3% in the last 24 hours having dropped below the $60,000 support level late on Tuesday. Bitcoin (BTC) traded around $57,700 during the…
Crypto Traders Dismiss Waning ETF Inflows as Bitcoin Holds Steady Over $70K
Grayscale’s GBTC product saw large outflows last week and inflows to other ETFs did not increase in tandem, briefly fueling concerns of a spot-driven selloff.…
BlackRock’s Bitcoin ETF Added a Record 12.6K BTC in Tuesday’s Carnage
IBIT’s total inflows surpassed the $9 billion mark as prices plunged following bitcoin taking out a record high above $69.000. The BlackRock iShares Bitcoin ETF…
Bitcoin Blasts Past $53K as Crypto Rally Resumes
Bitcoin could target $58,000 after the breakout, Swissblock analysts suggested. Bitcoin (BTC) surged past $53,000 on Monday to its highest price since November 2021, leaving past its…
‘Smart Money’ Is Record Long on BTC Ahead of Expected Bitcoin ETF
Bullish bets by institutional investors and knowledgeable market participants have reached an all-time high on the CME, data tracked by MacroMicro show. Smart money, or…
First Mover Americas: Bitcoin Ends the Week in Muted Mood
Following a surge to 20-month highs last week, bitcoin appears to have settled into a new range, trading between $42,000 and just over $43,000 for much of…
Bitcoin Surge Blasts $170M in Bearish Shorts as BTC Price Targets $48K
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on…
Bitcoin broke above the $38,000 level in Asian morning hours on Wednesday as hopes around a spot exchange-traded fund (ETF) approval were revived earlier this week, and traditional market watchers expected rate cuts.
Solana’s SOL tokens led gains among layer-1, or base, blockchains, jumping some 8% in the past 24 hours to reverse losses from the past week. Avalanche’s AVAX…
Bitcoin Could Fall Due to Israel-Hamas Tensions, Traders Worry
Three traders had different opinions of where the market could be headed, but mostly seemed to agree on a short-term drop given the global uncertainties.…