Fears of a downside for bitcoin BTC$116,425.80 and ether (ETH) have eased substantially, according to the latest options market data. However, the pace of the next upward move in these cryptocurrencies will largely hinge on the magnitude of the anticipated Fed rate cut scheduled for Sept. 17. BTC’s seven-day call/put skew, which measures how implied
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition: a blockchain sleuth finds evidence of El Salvador’s bitcoin “reshuffling,” Meliuz begins leveraging an options‑based strategy to acquire more bitcoin, and Uruguay readies a study on digital‑currency implementation. Blockchain Sleuth Points out
A long-term Bitcoin holder who sold $4 billion of his holdings for Ether last month has started selling again as Bitcoin crossed $116,000 for the first time in three weeks. Two Bitcoin (BTC) wallets tied to an address that had held onto the cryptocurrency for over eight years deposited 1,176 BTC worth over $136 million
Bitcoin critic Peter Schiff said that the largest crypto is showing signs of topping out ahead of the much-awaited Fed rate cut this week during the September 17 FOMC meeting. BTC and the broader crypto market are showing signs of nervousness while facing selling pressure over the weekend. Despite gaining 4% on the weekly chart,
Bitcoin is set for a powerful fourth-quarter rally, with accelerating market momentum and bullish sentiment driving Fundstrat’s bold call for a $200,000 price by year-end. $200K Bitcoin Possible by Year-End, According to Fundstrat’s Tom Lee A bullish narrative is gaining traction in cryptocurrency markets as forecasts for bitcoin’s year-end potential become increasingly optimistic. Supporters point
According to a recent report by The Wall Street Journal, Mark Casey, an equity portfolio manager at Capital Group, is aggressively betting on Bitcoin despite being a follower of Berkshire Hathaway founder Warren Buffett, who is known as one of the critics of the original cryptocurrency. Casey is betting on Bitcoin because he is convinced
Bitcoin changed hands around $115,685 on Sunday afternoon, and derivatives desks were anything but sleepy as futures and options activity stacked up across venues. Spot markets don’t even need drama; positioning is doing all the talking for now. Bitcoin Open Interest Nears Cycle Highs Futures first: total bitcoin ( BTC) open interest (OI), according to
Bitcoin rallied and moved above $115,000 last week as expectations of Federal Reserve interest rate cuts rose and as exchange-traded inflows jumped by over $2.3 billion. At last check on Sunday, Sept. 14, the top cryptocurrency was down 0.5% for the day. See below. Source: CoinGecko Summary Bitcoin price has rallied ahead of the Federal
MicroStrategy founder Michael Saylor has re-released Bitcoin Tracker data. In his statement, Saylor stated, “Bitcoin deserves praise,” indicating that new purchases may be on the horizon. According to the company’s past practice, MicroStrategy typically officially announces its BTC purchases the day after the news is released. This has fueled market anticipation of a new buying
Bitcoin is testing an important level. The price has reached the resistance zone between $116,500 and $117,000, but it has not yet broken through. This range has acted as a ceiling in recent sessions. Resistance Holds Strong Bitcoin has been consolidating after its rally from $113,000. An ascending triangle breakout earlier this month pointed to