A prominent Bitcoin investor, often referred to as a whale, is betting heavily on a decline in Bitcoin’s price, opening a $368 million short position using 40 times leverage. This means they are betting that Bitcoin will drop in value, which could lead to significant gains or losses due to the high stakes involved. With ...
The cryptocurrency Market has shown signs of stability recently, with Bitcoin reaching $84,000 before facing some volatility. A recent U.S. CPI report suggesting interest rate cuts by the Federal Reserve has positively influenced trader sentiment, particularly in the memecoin sector and blockchain tokens. However, concerns remain due to potential economic issues like U.S. tariffs and ...
Bitcoin’s price is steady around $82,500 after a 5.52% rise recently. However, a K33 report reveals that the cryptocurrency Market, like stocks, is facing significant sell-offs amid worries about a weak global economy. Traders need to be cautious, especially with important US economic data coming out soon, which could cause more price fluctuations. The report ...
This week saw significant macroeconomic shifts, with the US economy outperforming expectations, impacting riskier assets and delaying interest rate cuts. Despite these challenging signs for Bitcoin, which is holding steady around $96,000, traders remain cautious amid escalating trade war fears linked to former President Trump’s threats. Bitcoin’s recent short-term analysis shows a potential bearish double-top ...
Bitcoin has surged past $97,000, defying recent inflation reports that were warmer than expected. Despite concerns about rising prices and the Federal Reserve’s cautious approach to interest rates, many investors remain optimistic. Andre Dragosch from Bitwise suggests that upcoming inflation data could show improvement, offering hope for a short-term price boost. Historical trends indicate the ...
Bitcoin is currently facing a critical moment as it attempts to recover from a recent drop, trading at around $97,300, down from its peak of $109,114. With U.S. economic data releases on the horizon, including inflation reports and Federal Reserve signals, traders are on high alert. Recent Market indicators suggest bearish momentum for Bitcoin, as ...
The Federal Reserve decided to keep interest rates steady, which strengthened the US dollar. Meanwhile, former President Trump announced plans to impose tariffs on Canada and Mexico, further boosting the dollar’s appeal. In Australia, inflation rose less than expected, increasing bets on a possible rate cut by the Reserve Bank of Australia. This combination of ...
Traders and investors are gearing up for a volatile week in the cryptocurrency Market as significant economic data is set to be released. Bitcoin is currently holding above $100,000, but its stability could hinge on upcoming data. Notably, Donald Trump’s inauguration on January 20 is expected to have regulatory implications for the crypto sector, potentially ...
Bitcoin has seen a decline of 2%, now trading around $94,000, as recent US economic data sparked sell-offs in both stock and cryptocurrency markets. On-chain indicators show that Bitcoin’s Accumulation Trend Score has dropped significantly, hinting at a shift from accumulation to distribution, especially among large holders. Despite this selling trend, Bitcoin’s Market Value to ...
On January 7, 2025, both cryptocurrency and stock markets faced significant downturns primarily due to stronger-than-expected economic data. Bitcoin fell over 5% to $96,909, while Ethereum and Solana also saw declines of more than 8% and 7%, respectively. This Market correction led to the liquidation of over $483 million in long positions. Two key reports ...
