Bitcoin is trading near $75,000 ahead of a large options expiry due this Friday on Deribit. The contracts are worth about $7.9 billion, making the event one of the main short-term drivers for price action this week. Positioning data points to two levels that traders are watching. The first is $75,000, where call open interest
Bitcoin is under selling pressure as oil prices jump more than 6% on Monday amid Middle East tensions. Iran launches drone strikes on US warships in response to the US Navy striking and seizing an Iranian cargo ship defying the blockade. This triggered a rise in global market uncertainty, while the US and Iran prepare
Abu Dhabi-regulated tokenization firm KAIO said Monday it had raised $8 million in a strategic funding round backed by Tether and several other crypto and institutional investors, as it builds infrastructure to bring traditional funds onto blockchain rails. The round brings KAIO’s total funding to $19 million. New investors include Systemic Ventures, while Further Ventures
Bitcoin ($BTC) surged above $78,000 on Friday due to the impact of events between the US and Iran, but gave back its gains over the weekend as tensions escalated, falling back to $74,000. As $BTC continues to be affected by the events between the two countries, a major expiration date is approaching for options contracts
The United Arab Emirates has raised concerns with the United States over a potential dollar shortage if the Middle East conflict drags on. It warns that it could turn to alternative currencies, such as the Chinese yuan, for oil transactions. At the same time, Iran is already moving in that direction. It accepts Bitcoin and
Michael Saylor’s Strategy (MSTR) added 34,164 bitcoin to its treasury over the past week at an average price of about $74,395 per coin, for a total cost of roughly $2.54 billion, according to a Monday filing. The purchase brings the company’s total holdings to 815,061 $BTC, acquired for approximately $61.56 billion at an average cost
Bitcoin ($BTC), which surged on Friday following Iran’s reopening of the Strait of Hormuz, climbed above $78,000. However, this rise was short-lived. Bitcoin fell again as the US did not lift the blockade despite the opening of the Strait of Hormuz, and in response, Iran attacked a US merchant ship. Bitcoin, which had fallen as
Although the price of Bitcoin ($BTC) increases numerically in each cycle, its actual upward momentum and potential are decreasing. Galaxy Digital research head Alex Thorn argues that the current Bitcoin market cycle is dramatically weaker compared to the previous three cycles. At this point, Thorn compared the price movements since the Bitcoin halving in April
The leading cryptocurrency, Bitcoin ($BTC), surged above $78,000 on Friday following positive news from the US and Iran. However, due to escalating military tensions between the US and Iran over the weekend, Bitcoin gave back its Friday gains and fell back to the $74,000 level. Despite Iran opening the Strait of Hormuz, the US’s refusal
As bitcoin heads into this year’s flagship Bitcoin Conference in Las Vegas next week, traders will be watching for a familiar pattern, a potential “sell-the-news” event that has played out in previous years. The largest cryptocurrency is trading around $75,000, recovering from a local bottom of around $60,000 in early February after collapsing more than