Sentiment in the bitcoin market appears to have flipped after a long time, suggesting an investor positioning for a potential rally to $80,000. On Deribit, which accounts for a majority share of the multi-billion dollar global crypto options market, the $80,000 call — a derivatives bet that prices will rise beyond that level — has
Spot Bitcoin ETFs traded in the US recorded net outflows for the second consecutive day, despite the rise in the crypto market. While market volatility increased following news of a temporary ceasefire between the US and Iran, the ETF data showed investors remaining cautious. According to the data, daily total flows in spot Bitcoin ETFs
Strategy founder Michael Saylor, the biggest institutional Bitcoin ($BTC) bull, made important statements regarding the Bitcoin price. Speaking at an event hosted by global securities firm Mizuho, Michael Saylor said that Bitcoin has likely bottomed out and that quantum risk has been exaggerated. At this point, Saylor stated that Bitcoin’s bottom likely occurred at $60,000.
A two-week ceasefire had been agreed upon between the US and Iran. This news caused Bitcoin ($BTC) to surge above $72,000, while oil prices experienced a sharp decline. However, Israel’s continued attacks on Lebanon cast a shadow over the ceasefire. Despite the ongoing US-Iran ceasefire uncertainty, Bitcoin remains above $70,000. Analysts believe that oil prices
The latest U.S. inflation report for March, due Friday, is seen as a vital indicator by several observers, given the backdrop of the Iran war and its inflationary impact. Yet, the latest activity in the bitcoin market shows that traders do not see it as a major market mover. “The bitcoin market is currently pricing
The Bhutanese government’s cryptocurrency transactions have once again come to the forefront. According to information shared by the onchain data platform Onchain Lens, a total of 319.7 Bitcoin was transferred from a government-linked wallet to two separate wallets. This movement attracted attention because it was seen as a sign of a potential sell-off in the
As geopolitical developments in the Middle East continue to intersect with cryptocurrency markets, claims that Iran demanded Bitcoin payments via the Strait of Hormuz have attracted attention. According to an analysis, if the current ceasefire continues and Iran were to demand transit fees in Bitcoin for oil tankers, the country could earn approximately 4,000 $BTC
Cardano founder Charles Hoskinson, a controversial figure in the cryptocurrency sector, said that revealing the identity of Bitcoin’s anonymous founder, Satoshi Nakamoto, would pose a serious threat to the Bitcoin protocol. Hoskinson, in a live broadcast, argued that Bitcoin’s greatest strength is “the fact that its founder is unknown.” Stating that “it’s a very good
Ripple’s David Schwartz saw the headline and could not resist. “Finally we have the definitive answer that will certainly end the debate forever,” the Ripple CTO wrote on X after the New York Times published what it described as an 18-month investigation into the identity of Bitcoin’s creator. Whether that was genuine acknowledgement, dry sarcasm
Bitcoin’s next big move may have less to do with crypto fundamentals and more to do with the direction of oil prices. The leading cryptocurrency by market value has rebounded to $70,900 from early-week lows near $67,000, tracking a broader risk-on move after the U.S. and Iran agreed to a two-week ceasefire late Tuesday that