A wave of $427 million in long liquidations swept through Bitcoin markets after fresh economic data undermined hopes for near-term interest rate cuts. Sticky inflation readings, firmer activity figures, and lower jobless claims collectively signaled a resilient economy, removing the dovish monetary backdrop that bullish traders had been counting
A shift in interest-rate expectations is driving Bitcoin's latest decline, as traders move from anticipating Federal Reserve cuts to bracing for a potential rate hike by October. Higher borrowing costs typically pressure risk assets like cryptocurrencies, prompting a broad sell-off. According to CryptoSlate's data,
A combination of fund withdrawals and unfavorable options positioning is pressuring Bitcoin as traders brace for a major quarterly settlement. The cryptocurrency slipped into the low $60,000s ahead of a $10.6 billion options expiry scheduled for June 26, with market participants watching whether buyers step in to defend
Stablecoin issuer Circle and Japanese financial group Nomura have partnered to bring blockchain-based settlement to Japan's foreign exchange market, which processes roughly $440 billion in daily volume. The two firms plan to deploy cross-border foreign exchange settlements using stablecoin infrastructure as early as next year, aiming
The max pain theory, which suggests an asset's price tends to gravitate toward the level where the most options contracts expire worthless, is being tested as bitcoin trades well below its $72,000 max pain point. With a $10 billion quarterly options settlement scheduled for the following day,
A wave of forced liquidations swept the crypto market, pushing bitcoin to its lowest level since early June as the sector tracked declines in AI-linked equities. More than $1 billion in leveraged positions were wiped out, with bitcoin and ether leading the losses. The selloff reflected crypto's
Bitcoin has established a fresh support level that traders are watching closely, with Thursday's U.S. core personal consumption expenditures (PCE) inflation report poised to test its resilience. The PCE figure is the Federal Reserve's preferred inflation gauge, making it a key input for expectations around
Prediction market platform Kalshi is in talks to raise capital at a $40 billion valuation, according to a Financial Times report. The figure marks a dramatic increase from the $5 billion valuation the company reported last October, underscoring the rapid expansion of the prediction market sector. Kalshi allows users to
Strategy, the Bitcoin treasury company formerly known as MicroStrategy, is confronting tensions across its layered balance sheet as moves to reduce debt erode the cash cushion supporting its preferred-stock obligations. In May, the firm spent $1.5 billion repurchasing convertible notes, lowering leverage but draining reserves that investors had
A combination of pressures has pushed Bitcoin under the $60,000 mark, with analysts warning further declines could follow. Persistent outflows from spot Bitcoin ETFs have drained demand, while hawkish signals from the Federal Reserve have dampened appetite for riskier assets. Geopolitical tensions and renewed inflation concerns have added to
Swedish health-tech company H100 has cleared a major hurdle in its strategy to expand its corporate Bitcoin reserves, with shareholders approving a key condition required for its planned acquisition of two Norwegian investment firms. The deal would roughly triple H100's Bitcoin holdings, moving the company closer to
Strive, trading under the ticker ASST, is accumulating Bitcoin aggressively even as prices fall, signaling confidence in the asset amid broader market weakness. CEO Matt Cole said the company is buying Bitcoin 'hand over fist' during the downturn, framing the price decline as a buying opportunity rather than