After multiple days of a consistent selling spree, BlackRock has finally taken a pause on its usual Bitcoin sell activity and has switched to consistently buying Bitcoin. Despite the sudden flip in Bitcoin’s price to the negative territory, BlackRock has reignited bullish sentiment in the crypto market after receiving another 4,082 $BTC worth about $269.41
Crypto markets were hit hard and fast today, February 28, as news of U.S. and Israeli strikes on Iran hit the headlines. Among the more notable consequences were plummeting Bitcoin ($BTC) funding rates, which sank more than 140% on the daily chart, as shown by real-time derivatives data on CryptoQuantFInbold retrieved at press time. The
Despite the broad market weakness caused by the repeated price corrections seen across the crypto market, Simon Gerovich, the CEO of Metaplanet, is still confident about institutional long-term conviction in Bitcoin regardless of the current market conditions. On Saturday, Feb. 28, Gerovich declared that the “era of Bitcoin treasuries is quietly spreading,” following the buzzing
Story Highlights Nearly $5 billion in $BTC left major exchange wallets in just 30 minutes during Operation Epic Fury. On-chain data shows the same wallets flagged in October’s $19 billion crash reappeared today. Bitcoin is now 49% below its all-time high, with $60K put positions stacking up on Deribit. Nearly $5 billion in Bitcoin left
Bitcoin fell sharply early Saturday session, dropping to a low of $63,019 as traders considered macro concerns. Over $514 million in crypto positions have been liquidated in the last 24 hours, according to CoinGlass data, with Bitcoin accounting for $193 million. Bitcoin extended an earlier drop on Friday after a report showed U.S. producer prices
With a few hours still to go, Bitcoin $BTC$64,111.46 is on track to post its worst losing streak since 2018, with February about to mark a fifth consecutive monthly decline. The run of losses would be the longest since that 2018–2019 bear market and follows what has already been bitcoin’s worst first 50-day start to
Cryptocurrency analysis platform Santiment examined the recent fluctuations in Bitcoin and altcoins in its weekly market review. The market is at a critical juncture with the Jane Street case and the upcoming Clarity Act rulings. The cryptocurrency markets experienced a rather volatile final week of February. According to Santiment data, although Bitcoin ($BTC) challenged the
Bitcoin is looking to reclaim $64,000 on possible short squeeze after earlier falling to as low as $63,000 following U.S. and Israeli strikes on Iran. At the same time, perpetual futures funding rates dropped to -6%, according to CoinGlass, marking the second lowest level in the past three months. The last time funding was this
What started as an Israeli strike on Iran hours earlier has escalated into the broadest Middle Eastern military conflict in decades, posing a risk to financial markets, including cryptocurrencies. Per reports on Bloomberg, CNN and Reuters, Iran launched waves of missiles and drones targeting not just Israel but U.S. bases and interests across the Gulf.
Two sentence intro: Bitcoin revisited a long term support zone on the weekly chart, reviving debate over whether the level marks a bottom or a breakdown risk. Meanwhile, a separate four hour setup around $65,000 left traders watching for either a bounce or another leg lower. Bitcoin tests five year support after sharp pullback, analyst