The market rose over the week after a two-week ceasefire was announced, triggering a derivatives short squeeze that wiped out over $430 million in bearish positions.
Bitcoin holds firm despite hot CPI print, raising a "safe-haven" debate.
Bhutan has sold over 70% of its Bitcoin (BTC) reserves over the past 18 months, raising questions about the future of its once-celebrated sovereign mining experiment.
Bitcoin shrugged off a $30M 40x leveraged short and briefly topped $73K, a sign failed downside pressure may point to a local market bottom.
The Bitcoin price went into the weekend firing on all cylinders after the release of weaker-than-expected inflation data in the United States. Interestingly, an analyst has come forward with data and a fresh angle on the influence of the US on BTC and the general cryptocurrency market.
The cryptocurrency market traded mixed Tuesday ET, with Bitcoin (BTC) and Ethereum (ETH) posting modest gains even as activity indicators such as derivatives volume and DeFi turnover softened—suggesting a cautiously constructive tone rather than a broad risk-on surge. According to TokenPostMarket data, Bitcoin was last up 1.36% over the prior day at $72,794.
Iran wants stablecoins instead of Bitcoin for collecting tolls in the Strait of Hormuz, according to officials who spoke Monday. The move comes as Tehran tries to dodge Bitcoin's wild price swings while keeping revenue steady in one of the world's busiest shipping lanes.
In the past week, the Bitcoin market rose by almost 10%, representing a significant rally amid recent bearish struggles. Notably, the leading cryptocurrency has now reclaimed the $73,000 price zone for the first time since mid-March, translating to a mild bullish undertone for most investors.
The U.S. government moved roughly 2.44 bitcoin, valued at more than $177,000, from seized proceeds linked to a federal steroid trafficking and money laundering case to a Coinbase Prime institutional custody address on Friday. Key Takeaways: The U.S. government sent approximately 2.
The number of Bitcoin millionaires has significantly dropped amid the BTC downtrend since the start of the year. This comes as long-term holders (LTHs) remain underwater, with BTC well below its current all-time high (ATH) of $126,000.
Bitcoin tightens as selling fades and demand returns, leaving price sensitive to small inflows near resistance.
Bitcoin might trade around the clock, but its liquidity doesn't anymore. The asset that was supposed to become more resilient after absorbing billions in institutional capital through ETFs has instead developed a split personality, one that looks deep and orderly during New York trading hours and considerably more fragile once Wall Street's desks go dark.