Friday, March 29, 2024
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Bitcoin Traders May Want to Track Friday’s Bank of Japan Rate Decision. Here’s Why

These potential developments might appear inconsequential to the bitcoin market, but that's not necessarily true. In the past, cryptocurrency has seen negative correlations with bond yields, bond market volatility, the dollar index, and global liquidity conditions. In other words, potential changes to BOJ's YCC and the resulting volatility in traditional

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Bitcoin options tantalizing bears to push price below $30K before Friday’s expiry

This week’s Bitcoin (BTC) options' expiry on Friday, July 21 could solidify the $30,000 resistance level and give the bears the upper hand for the first time since the 21% rally between June 14 and June 21.Bitcoin options expiries coincide with volatilityA review of Bitcoin’s recent price action shows that three

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Bitcoin holds $30K as bulls flaunt their advantage in Friday’s $715M BTC options expiry

Bitcoin's (BTC) 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down the trigger for the rally is complicated, but some analysts point to the potential inflow of institutional investors if Blackrock’s exchange-traded

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Bitcoin price capitulation below $26K possible as Friday’s BTC options expiry looms

Bitcoin’s price lost steam after a failed rupture of the $27,500 resistance on May 15, putting bears in a better position for the May 19 expiry. The regulatory newsflow likely played a key role in trimming investors’ risk appetite, as governments seek more control over the sector.In a memo circulated among

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Bitcoin corrects on Fed rate hike, but bulls are prepared for Friday’s $1.2B options expiry

Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis.Bitcoin bulls have been paying close attention to the negative effects of near-zero interest rates between April

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Bitcoin bulls aim to hold this week’s BTC gains leading into Friday’s $675M options expiry

While the U.S. Federal Reserve (FED) continues to monitor the overheated economy, the most likely scenario is further interest rate hikes to curb inflation. The unintended consequence is the heightened government debt cost, creating a bullish environment for scarce assets such as commodities, stock market and cryptocurrencies.Bitcoin’s price gain practically

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BTC, ETH Surge to Start the Weekend, Following Friday’s Payrolls – Market Updates Bitcoin News

Bitcoin moved closer to the $17,000 level to start the weekend, as traders continued to react to the latest U.S. nonfarm payrolls data. December’s payrolls came in at 223,000, which was better than the 200,000 markets had expected. Ethereum was also higher on Saturday, with prices nearing a three-week high. Bitcoin Bitcoin

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Crypto Exchange BitMEX Publishes Proof of Reserves Ahead of Friday’s BMEX Listing; Bitcoin Rebounds After Dropping Below $16K

Crypto exchanges are now scrambling to publicly publish their fund reserves. On Wednesday alone, nine exchanges – Binance, Gate.io, KuCoin, Poloniex, Bitget, Huobi, OKX, Deribit and Bybit – separately issued statements that they would publish their Merkle tree reserve certificates to increase transparency. Source

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