With Bitcoin’s price once again climbing above critical technical levels, analyst PlanB offered a noteworthy assessment. PlanB stated that Bitcoin closed above the 50-week moving average, which is around $79,000, and that the next technical target is the 100-week moving average at approximately $89,000. PlanB noted that Bitcoin was trading around $81,000, stating, “Bitcoin closed
In a recent statement, Bybit CEO Ben Zhou emphasized that Bitcoin is still a considerable distance from being considered mature ‘digital gold’. He noted that its current volatility makes it difficult for traditional financial institutions to view it as a reliable store of value. Zhou’s comments, reported by crypto commentator @WuBlockchain, indicate the challenges Bitcoin
Despite the overall macro calamity experienced last week, bitcoin’s price surged from $75,000 to almost $82,000 within days, hitting its highest level since the start of the month. However, the breakout attempt was halted at $82,000 due to more worrisome news from the Middle East. There’s also a technical aspect that helped prevent another leg
Bitcoin [$BTC] has rallied by 8.10% since posting Wednesday’s low of $75,064. The price dip came following the Fed’s decision to raise interest rates by 25 bps. A rally from those lows suggested that the pullback from $82K earlier in September was due to the market pricing in the rising odds of a rate hike.
The crypto market has seen a change of rhythm in the last 24 hours, and the ETFs are no exception. According to SoSo Value data, crypto ETF flows across different digital assets saw an uptick over the said period. Crypto ETF inflow analysis Bitcoin [BTC] led by a wide margin with $433.03 million in inflows,
Anthropic’s prospective $2 trillion IPO has already spawned nearly $80 million in crypto derivatives bets before its public debut. Open interest in futures linked to the Claude developer has climbed to about $79.27 million, close to a record $80 million, as traders position around what could become one of the largest initial public offerings ever
Bitcoin’s network is undergoing a significant transformation with micro-transactions now dominating. Recent reports indicate that transactions below 0.01 $BTC account for nearly 80% of all Bitcoin transactions. This shift reflects a departure from the past trend of larger transactions being more prevalent, potentially increasing Bitcoin’s mainstream adoption. For more details, see the report here. What
In brief Over five days in August, Bitcoin rose 24.6% while coin-denominated open interest fell 12.6%, meaning the rally ran on unwinding short positions rather than fresh bullish bets. The options market flipped after 361 straight days of puts pricing richer than calls, and the front of the futures curve repriced while the long end
Bitcoin rallied by 6% on Friday and reclaimed $80K as crude oil prices slipped below $100 per barrel. This eased fears of oil-driven inflation, sparking a strong rebound across U.S equity and crypto markets. For Fidelity, however, $BTC’s resilience also meant that it might be ready for its next bull market cycle run. Why Fidelity