The price of Bitcoin may be headed to the $60,000 level after breaking past a “crucial” support zone between $75,000 and $76,000, according to crypto market analyst Michaël van de Poppe. Bitcoin fell below the support zone on Friday, van de Poppe said, adding that market corrections occurring on Fridays “flip back bullish quite often.”…
After crumbling about 4% late Friday into early Saturday, bitcoin BTC$77,003.56 has more than retraced those losses in the past few minutes after President Trump announced a coming agreement with Iran and other Middle Eastern countries. “An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of…
Bitcoin BTC$74,703.02 may be entering a new period of outperformance against traditional assets as inflation pressures persist and bond markets weaken, according to Risk Dimensions chief investment officer Mark Connors. Connors, who spent years as the global head of portfolio management at Credit Suisse, said bitcoin recently broke out of what had been its longest…
Strategy chairman Michael Saylor has not ruled out the company offloading some Bitcoin as early as this year, after recently softening his long-held “never sell” stance. “I think it’s not unlikely that we’ll sell some Bitcoin between now and the end of the year,” Saylor said during an interview with Natalie Brunell published to YouTube…
The recent streak of outflows from US-based spot Bitcoin ETFs, totaling more than $1 billion over the past trading week, suggests a potential buying opportunity for the world’s largest cryptocurrency, according to crypto sentiment platform Santiment. “Santiment’s analysts read these flows as a counter-indicator, since ETFs disproportionately reflect retail conviction rather than smart money positioning,”…
Binance CEO Richard Teng has pushed back against a new Wall Street Journal investigation claiming the exchange processed $850 million in transactions tied to a sanctioned Iranian financier, which eventually flowed to Iran’s Islamic Revolutionary Guard Corps. In a Friday post on X, Teng called the reporting “fundamentally inaccurate,” saying that Binance never permitted transactions…
Latest developments: Hyperliquid is outperforming much of the crypto market as traders rotate back into higher-risk assets. Hyperliquid’s HYPE token hit a new all-time high after two HYPE ETFs launched in the U.S. Van de Poppe said European traders have increasingly moved to Hyperliquid because perpetual futures trading remains difficult to access on many regulated…
The Clarity Act’s biggest outcome may be the creation of an entirely new market for “yield-as-a-service,” according to Joe Vollono, chief commercial officer at stablecoin infrastructure firm STBL. At the center of the debate is Section 404 of the proposed legislation, which would prohibit Digital Asset Service Providers (DASPs) and their affiliates from offering yield…
The European Central Bank warned EU finance ministers on Friday that proposals to expand euro stablecoin issuance could weaken bank lending and complicate monetary policy, according to three sources cited by Reuters. The pushback came in response to a policy paper prepared by Brussels-based think tank Bruegel, whose authors presented their proposals at the two-day…
Bitcoin BTC$74,689.62 is rapidly losing ground as investors pull out billions of dollars from U.S.-listed spot ETFs. The world’s largest cryptocurrency fell to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. As of writing, BTC was down more than 3% over the past 24 hours and approximately 10% below its…
