Bitcoin ($BTC) experienced a sharp surge today, briefly reaching $69,500. This sudden movement in the cryptocurrency market caught investors, particularly those holding short positions, off guard, with $1.21 billion in leveraged positions liquidated in just the last hour. According to liquidation data, short positions accounted for $1.13 billion of the liquidations in the last hour,
Bitcoin $BTC$64,316.33’s bounce, it’s up 3% since midnight UTC, is rapidly lifting it to a critical level that chart analysts say could trigger a classic bullish reversal pattern, potentially unlocking a substantial upside move. Charts from market technician Aksel Kibar of Tech Charts show an inverse head-and-shoulders formation developing on the daily chart since the
FalconX and Ethena have set up a $1 billion secured lending facility that will put assets backing Ethena’s $USDe to work in institutional credit, expanding the synthetic dollar protocol beyond crypto-native trades. The facility will finance overcollateralized loans originated by digital-asset prime broker FalconX for uses including trading strategies, corporate treasury management and payments, according
While the leading cryptocurrency Bitcoin continues to hold above $60,000 and move sideways, renowned technology investor and early Uber investor Jason Calacanis has made noteworthy assessments regarding Bitcoin’s future. Jason Calacanis, commenting on the sales and changing strategy of Strategy, one of the largest institutional Bitcoin holders, argued that the company and its founder Michael
Bitcoin is flashing the same warnings that have marked the end of past selloffs, and history suggests that has been a reason for patience rather than optimism. Eight of 12 capitulation signals tracked by VanEck are currently in their zones, and all 12 hit those levels at some point over the past three months, according
Bitcoin News Gemini co-founder Cameron Winklevoss has cast the artificial-intelligence equity trade as an unexpected entry point for Bitcoin ($BTC), arguing in an Aug. 18 post on X that the AI trade is effectively a time machine for buyers. Writing on X, Winklevoss described the AI trade as a time machine that lets investors buy
A growing gap between traditional risk assets and cryptocurrency markets is being revealed by Bitcoin’s inability to follow the S&P 500 higher. It’s not hard to explain why $BTC is still close to $64,000 and stocks are still moving toward record territory: the cryptocurrency market seems to be lacking new funding. Supply stays limited The
Tokenized equities are gaining traction as investors increasingly trade stocks outside the limits of traditional market hours. Against this backdrop, trading volume increased from $1 billion in January to $3.6 billion in May before later reaching $9 billion in July. This acceleration correlates with the growing number of trades occurring outside of traditional market hours.
As the crypto ecosystem continues to evolve, the growing adoption of the world’s largest cryptocurrency by market capitalization, Bitcoin, has remained a longstanding topic of discussion. Earlier today, the leading asset management firm, BlackRock, reignited fresh debate on the matter after recommending a Bitcoin allocation strategy to investors. Bitwise’s Horsley joins discussion The viral Bitcoin
Bitcoin could struggle to reach $250,000, let alone $1 million, because billionaire Michael Saylor has fundamentally changed the cryptocurrency market through Strategy’s accumulation and financial engineering, according to early Uber investor Jason Calacanis. “Will it ever hit $1 million? Heck, will it even hit $250,000?” Calacanis wrote on X on Wednesday. “I think Saylor broke