Bitcoin recorded a cumulative gain of nearly 25% throughout the month of August. Spot trading volume surpassed $34 billion over the past 24 hours. Short position liquidations on major exchanges reached $180 million over the past week. The cryptocurrency market begins its monthly close as Bitcoin defies pressure above $79,020, consolidating a gain of nearly
Bitcoin shrugged off tensions in the Middle East, barely moving despite U.S. President Donald Trump vowing on Monday to hit Iran hard. The price of the biggest cryptocurrency recently stood at $79,076, unmoved over a 24-hour period. The coin also hasn’t budged from where it stood seven days ago. Bitcoin started a phenomenal run two
Bitcoin’s ability to extend its August rally has come under a fresh test as analysts have pointed to sustained spot ETF demand as a key requirement for overcoming rising expectations of a September Federal Reserve rate hike. According to Bitfinex analysts in an Aug. 31 market report shared with crypto.news, Bitcoin’s latest advance has relied
During the three months ending June 30, CleanSpark put 9,400 Bitcoin-equivalent call contracts through Spot+, its strategy for selling options around ongoing sales from its corporate Bitcoin treasury. Because the figure is expressed in Bitcoin equivalents, it can resemble a balance-sheet position even though it measures a quarter’s trading flow. In its Aug. 6 quarterly
Remarkable statements continue to emerge regarding institutional investor interest in the Bitcoin market. CK Zheng, former global valuation risk manager at Credit Suisse, stated that the worst period for Bitcoin may be over and predicted that the $BTC price could reach $150,000 by the end of 2027. According to Zheng, key factors that could support
Strong August Performance Bitcoin’s price appeared to consolidate around $78,000 on the last day of August after the latest direct military exchanges between the U.S. military and Iranian forces sent it tumbling. Market data showed the cryptocurrency appeared to be on course to test the $80,000 resistance again after easily reclaiming $79,000 Sunday afternoon. However,
Bitcoin traded near $77,700 today, Aug. 31, putting the largest crypto asset up about 23.5% over 30 days. CryptoSlate’s market signal registered a bullish 68 out of 100 after a late-week pullback. The score measures trailing market conditions. CryptoSlate published its latest Bitcoin September forecast at the Aug. 30 close. The model used a $77,667
In the past month, Bitcoin is up 25.72% but has now retreated to $78,900 following a recent hawkish Fed speech. Consequently, Bitcoin spot ETFs saw outflows worth $211.2 million as of August 28, breaking nine consecutive days of net inflows. Source: CoinMarketCap On Polymarket, the odds of a mid-September interest rate hike by 25 basis
Adam, a researcher at Greeks.live, stated that the recent rapid rise in Bitcoin has significantly boosted market sentiment, and a noticeable recovery is being seen not only in BTC but also in different sectors of the cryptocurrency market. However, it was noted that as the pace of the rise slows, large investors in the options
Leveraged funds held a 41,252 $BTC-equivalent net short across CME Bitcoin futures, including standard and Micro contracts on Aug. 25, while the CFTC snapshot showed the same category net long just 151 $BTC in Coinbase’s nano Bitcoin perpetual-style contract. For the next forced unwind, the important distinction is scale rather than an evenly matched directional