Bitcoin started the week strong, reaching a high of $88,804, with analysts eyeing the $90,000 to $92,000 range as critical for the short term. This Market boost followed news that President Trump might ease tariffs, influencing positive sentiment. The increase in Bitcoin futures open interest suggests traders are optimistic and leveraging their positions. Signs of ...
JPMorgan analysts are warning that the cryptocurrency Market may soon face a downturn, as interest from institutional investors in CME bitcoin and ether futures has decreased. Recently, the overall crypto Market dropped 15%, falling from a peak of $3.72 trillion to approximately $3.17 trillion. This decline indicates a lack of confidence among major players. Analysts ...
Bitcoin futures have turned negative for the first time since August 2023, largely influenced by a sharp drop in Nvidia’s stock price, which triggered quick hedging among traders. This negative basis indicates a more bearish sentiment within the Market, with many traders willing to sell futures below the current spot price. Additionally, a notable drop ...
Gemini Trust Company, founded by Cameron and Tyler Winklevoss, has agreed to pay a $5 million civil penalty to resolve charges from the U.S. Commodity Futures Trading Commission (CFTC). These charges stem from statements made by Gemini regarding its bitcoin futures contract in 2017. As part of the settlement, which was filed in a New ...
