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Pro Bitcoin traders might use bullish options strategies to build pressure on short sellers. Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Read more If you liked the article, do not forget…
The impact of positive Bitcoin-related legislative and regulatory progress finally trickles down to BTC price as the top cryptocurrency rallies above $101,000. Key takeaways: Bitcoin rallies to $101,707 against a backdrop of strong fundamentals in the regulatory and traditional finance space. Traders are confident that $100,000 will hold as support. Read more If you liked…
Unlike the previous $100,000 hits, the new price spike came as Bitcoin market dominance surged above 60%, reflecting more bullish BTC sentiment. Bitcoin has reclaimed the $100,000 price level for the first time since January, reflecting renewed bullish sentiment among investors. Bitcoin (BTC) reclaimed the $100,000 mark on May 8 at 3:22 pm UTC, surging…
Bitcoin’s price wobbled after the Federal Reserve kept interest rates unchanged but bounced back and reclaimed $98,000 shortly after. Bitcoin has reclaimed $98,000 for the first time in almost three months after the US Federal Reserve said it would keep interest rates the same for another month. The Fed’s decision to keep interest rates unchanged…
One analyst says a weak US dollar is part of a plan to fix the US financial system. Will Bitcoin benefit from a weaker DXY? What to know: Lyn Alden says a weaker dollar is necessary for the US to stabilize its financial system. Bitcoin and gold are well-positioned to benefit from de-dollarization. Read more…
Bitcoin’s bounce off the lower levels increases the possibility of a rally to $100,000. Key points: Bitcoin price hangs near $97,000 as traders await today’s FOMC minutes. Bitcoin holding $95,000 as support is key for bullish price expansion in the short term. Read more If you liked the article, do not forget to share it…
Diversified Energy is under fire for reportedly walking away from a natural gas-powered crypto mining site in Pennsylvania without plugging wells. Cryptocurrency miner Diversified Energy quietly vacated a natural gas-powered crypto mining site in Elk County, Pennsylvania, reportedly leaving behind unplugged wells and regulatory violations. The site, known as Longhorn Pad A, was revived in…
Bitcoin bulls keep up pressure on multimonth highs with volatility spiking and the Fed due to deliver hints as to its stance on interest rate policy. Key points: Bitcoin and gold trade in lockstep on low timeframes as macro volatility triggers heighten. The Federal Reserve interest rate decision and news conference are just hours away….
Bitcoin rallied back above $95,000, and the gains could continue even after this week’s FOMC. Key Takeaways: The Fed may pause rates but inject liquidity. Crypto could rally as a recession hedge. The weak US dollar and gold rally signal a shift to scarce assets. Read more If you liked the article, do not forget…
Bitcoin price catches a bid as bulls defend the $94,000 level as support and pile into margin long positions ahead of this week’s Federal Reserve interest rate decision. Key Takeaways: Data shows Bitcoin bulls opening margin long positions from $94,400. A $189 million increase in Bitcoin futures open interest and a 15% increase in trading…