Bitcoin price trades near $68,000 as $2.5 billion in $BTC options expire today, placing $74,000 max pain at the center of market focus. Summary Bitcoin has been on a downtrend in February, falling nearly 50% from its all-time high. $2.5B in $BTC options expire today with a put/call ratio of 0.72 and max pain at
Ark Invest added another $18 million worth of crypto-adjacent stocks to its holdings on Thursday, including a $2 million purchase of shares in cryptocurrency exchange Bullish (BLSH). The St. Petersburg, Florida-based company also bought $12 million worth of crypto-friendly trading platform Robinhood (HOOD) and $4 million worth of ether ETH$1,958.21 treasury firm Bitmine Immersion Technologies
Kalshi is moving deeper into the sports insurance market after announcing a partnership with sports insurance broker Game Point Capital, according to comments from CEO Tarek Mansour. Summary Kalshi has partnered with Game Point Capital to expand into the $9 billion sports insurance and reinsurance market, which is projected to double by 2030. Game Point
Mirae Asset Group, South Korea’s financial services giant, has agreed to acquire a 92% stake in crypto exchange Korbit for about 133 billion won (around $92 million), mainly by buying shares from major shareholders, including NXC and SK Square. Market observers suggest the deal could prove valuable if South Korea advances its framework for security
Bitcoin’s BTC$66,887.87 long-term rally is “broken” and will remain so until the price climbs above $85,000, said Jean-David Péquignot, chief commercial officer of derivatives exchange Deribit. The largest cryptocurrency has settled into the $60,000 to $70,000 range in the past week, some 45% below the record high it hit in October. It’s on track to
According to a new report from analytics firm 10x Research, market speculation is mounting that a “multi-billion-dollar Hong Kong hedge fund” has broken down. This has exacerbated the selling pressure that saw Bitcoin plunge from $90,000 to $60,000 in under a month. Caught off guard Of course, the sheer speed of the recent drawdown has
Strategy saw a silver lining after the latest market downturn. The STRC preferred stock returned above $100, allowing more selling and potential $BTC purchases. After two weeks of dormancy, Strategy’s STRC returned to above $100 valuations. At this price range, Strategy can sell more preferred shares, boosting its ability to not skip weekly $BTC purchases.
Gold tokenization is not a niche anymore. Rather, it is gradually gaining ground as one of the most reliable real world assets of crypto. Although traders are interested in volatility and stories, capital is pouring into gold-backed tokens quietly and unannounced. This gradual build up is an indication of something bigger. Investors are not pursuing
Bitcoin hovers near key support as bearish trend persists, with oversold RSI and liquidation skew raising odds of a volatile rebound attempt. The Bitcoin ($BTC) market looks like it just took another sharp intraday punch. The first-born crypto currently trades for $66,381, down 1.7% over the last 24 hours. The 24-hour range sits between a
The recent drop in Bitcoin (BTC) price has led to a significant increase in losses. However, on-chain data still suggests the market hasn’t reached its true bottom. At this point, the analytics company CryptoQuant stated in its latest analysis that Bitcoin is continuing its downtrend and has not yet fully reached its bottom. The report