All articles tagged with #crypto markets
Saylor argues that AI infrastructure investment by SpaceX, Google, Meta and others is temporarily diverting capital away from Bitcoin, creating a near-term headwind. He believes the AI spending cycle will eventually mature toward equilibrium, potentially turning into a tailwind, while noting other factors like trade tensions, regulatory delays and macro conditions as additional headwinds.
The Wall Street Journal reports that Polymarket paid creators to stage fake winning bets on dummy sites to boost hype and attract users, raising questions about marketing ethics and platform integrity.
Bitcoin briefly dipped under $60,000—the first sub-$60k print in about 20 months—after Strategy disclosed a partial sale of its Bitcoin holdings on June 1, triggering a fresh crypto sell-off amid ongoing U.S. spot BTC ETF outflows (about $2.43B in May and $1.4B so far in June). The token hit as low as $59,743 intraday and was around $60,782 at the time of writing.
Bank of America’s note says the Fed would likely hike rates only if Powell’s tenure lasts longer than expected, unemployment stays below 4.5%, and energy-price spillovers push broader inflation; higher energy and shipping costs could lift prices. Analysts warn a rate rise would pressure Bitcoin and stocks in the near term, but the crypto could later benefit as a currency-debasement hedge, with Bitcoin hovering around $70,000 after a spike toward the mid-$70,000s.
Bitcoin dipped below $75,000 over the weekend and then rose to around $78,000, but traders monitor a key support near $73,000; a break there could push prices toward $60,000 by end-February as liquidity and Fed policy expectations weigh on the market. January was the fourth straight monthly drop, with over $5 billion in crypto liquidations in four days and substantial ETF outflows signaling renewed risk-off sentiment. Analysts are divided: some fear deeper downsides while others see potential for a rebound if liquidity returns and ETF flows stabilize.
Bitcoin climbed to about $95,500, its highest in two months, as December CPI held at 2.7% year over year with modest monthly gains. The advance was aided by aggressive short-covering, with roughly $587 million in crypto shorts liquidated (about $292 million tied to BTC). As earnings season begins and macro cues stay supportive, risk assets, including crypto, held firm above the key level.
Bitcoin recovers above $100,000 amid geopolitical tensions from U.S. strikes on Iran, with markets showing resilience and traditional assets like gold and oil remaining stable; crypto exchanges like OKX consider U.S. IPOs, while market sentiment suggests a contained escalation rather than a broader conflict.
Bitcoin's implied volatility has surged to a three-month high as markets brace for the upcoming U.S. presidential election, reflecting increased risk premiums. Deribit's bitcoin volatility index rose to 63.24%, while BTC's seven-day implied volatility hit 74.4%, indicating heightened market uncertainty. This volatility spike is mirrored in traditional markets, with U.S. Treasury notes and EUR/USD also experiencing significant volatility increases. The election's outcome, particularly in swing states, is closely watched, impacting both political and financial landscapes.
Coinbase predicts that macroeconomic factors will drive the direction of digital asset markets following the bitcoin halving, citing increased geopolitical tensions, higher interest rates, and rising national debts as key influences. The report notes that previous halvings have historically kickstarted bull markets, but this cycle, the growth of investors using bitcoin as a macro hedge has reduced volatility. The correlation of altcoins to bitcoin underscores BTC's anchor role in the space, while the approval of spot exchange-traded funds has created a bifurcated pool of investors, with some viewing bitcoin as a speculative asset and others as a hedge against geopolitical risk.
Despite a recent correction in the crypto market, analysts remain bullish on digital assets, citing factors such as the upcoming Bitcoin halving, the potential impact of spot BTC ETFs, and the cleansing effect of a massive leverage wipeout. While stock market weakness may briefly weigh on crypto assets, historical patterns and consistent demand for BTC and ETH calls for longer-term expiries suggest that market participants still expect higher prices in the future.
Bitcoin slipped to below $63,000 amid a broader crypto sell-off, with the price currently at $64,000, down 3.7% over the past 24 hours. Large outflows from the Grayscale Bitcoin Trust (GBTC) have contributed to the sell-off, with nearly all U.S.-listed spot bitcoin ETFs experiencing net negative flows for four consecutive days. Analysts believe that once the GBTC selling is completed, ETF inflows could pick up again due to favorable macro conditions and central bank policy.
Dogecoin surged 18% following news of Coinbase's plan to offer DOGE futures, while Bitcoin and Ethereum rebounded after a dip, with BTC and ETH rising as much as 11% in the past 24 hours. The market volatility was attributed to profit-taking and leveraged bets, but sentiment reversed after a dovish FOMC speech by U.S. Federal Reserve Chair Jerome Powell. The surge in major tokens was led by spot transactions, and the filing of DOGE futures by Coinbase was seen as a potential precursor to a spot DOGE exchange-traded fund.
Bitcoin and Ethereum experienced a 5%-6% drop before rebounding, while Solana outperformed and could potentially reach $250 after clearing a key resistance level. Bitcoin fell below $69,000 before buyers stepped in, leading to a rebound to $70,500. Other major altcoins like Ripple, Matic, and Avax also lost 5%-7% before retracing some losses. Solana's native token (SOL) showed relative strength amid the market slump, benefitting from capital rotation as Bitcoin's rally slowed. Analysts noted potential consolidation for Bitcoin and forecasted more gains for SOL, targeting its all-time record prices from 2021.
Bitcoin has surged over 40% in four weeks, nearing its record high, possibly due to the quadrennial mining reward halving. However, bitcoin call-put skews suggest investors' bullish expectations may have materialized too soon. Robinhood's wallet users will soon access swaps on Arbitrum, a layer-2 product processing transactions cheaper and faster than Ethereum. U.S. SEC Commissioner Hester Peirce expressed the need for clearer crypto rules, stating the SEC is currently in an "enforcement-only mode." Ethereum's Dencun upgrade, expected this month, will introduce blob-carrying transactions to enhance scalability and reduce transaction costs for layer-2 offerings.
Bitcoin and Ethereum experienced a 7% dip as the crypto markets cooled off after a two-month rally. Bitcoin is currently trading at $40,758, down 7% in the past day, while Ethereum is trading at $2,185, also down 7%. The global crypto market capitalization sits at $1.6 trillion, down 6% since yesterday. Altcoins such as ORDI and Pepecoin have seen significant losses, while Solana and Avalanche have attracted institutional investors. Binance USD (BUSD) temporarily lost its peg, dropping to $0.97, and most BUSD margin trading and futures contracts were closed.