CME BTC futures gap $840
After closing the previous trading day at $67,365, CME BTC futures opened today at $66,525, a gap of $840.
SEC approves first ETH spot ETF, but further delays may follow
As Nate Geraci, CEO of US ETF specialist ETFstore, told X, “This week is the deadline for the US Securities and Exchange Commission (SEC) to approve an Ethereum (ETH) spot ETF. The SEC must approve a 19b-4 (a formal request for review) before the ETF can launch, and even if it does, it could slow...
BTC likely to 'cup-and-handle' higher after correction within 4-5 month descending channel
According to Cointelegraph, Charles Edwards, founder of crypto hedge fund Capriole Investments, said: “Based on the BTC/USD Binance weekly chart, BTC is correcting within a descending channel between $58,000 and $65,000. This trend could continue for 4-5 months, but in the longer term, BTC could...
Crypto 'Fear-Greed Index' at 74... Greed continues, with $11.8 billion worth of BTC options expiring today
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose four points from the previous day to 74. The greed phase continued as confidence improved. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100...
BTC-Nasdaq100 90-day correlation rises, with short-term bulls strategically buying and supporting above $60,000
Citing data from cryptocurrency market data platform Kaiko, bitcoinnews reports that “the BTC-Nasdaq 100 90-day correlation ratio hit 0.17. This is a significant increase from the year-to-date low of 0.01 recorded in March. Nevertheless, the correlation between Bitcoin and risky assets is still...
GSRMarket Alleged Address Deposits $3.7M OCEAN to Binance 5 Hours Ago
On-chain analyst @ai_9684xtpa reported via X that “about 5 hours ago, a putative address for crypto market maker GSRMarket deposited OCEAN 4 million ($3.7 million) and RNDR 45.5 million ($4.59 million) into Binance.” The address has deposited a total of OCEAN 18.7 million ($17.47 million) to...
El Salvador mines 474 BTC with volcanic geothermal energy
El Salvador has mined a total of 474 bitcoins (BTC) using volcanic geothermal energy since 2021, according to blockchain news outlet Cointelegraph. El Salvador, which became the first country in the world to adopt Bitcoin as a legal tender in 2021, has reportedly mined Bitcoin using 300 mining...
Without new liquidity, BTC ETF deposits, withdrawals, and holdings will determine the future.
The optimism that the U.S. could cut interest rates later this year, or even sooner, due to the CPI results has given Bitcoin some hope that it could bring liquidity to the market. Unlike just a day ago. However, BTC ETFs seem to be the only entity that will provide this liquidity, so investors...
BTC to see limited movement before US rate cut
According to CNBC, Owen Lau, an analyst at investment bank Oppenheimer, said, “The U.S. Consumer Price Index (CPI) rose 0.3% month-over-month in April, missing market expectations and increasing the chances of a Fed rate cut. This has had a modest impact on the BTC price. Spot ETFs, Halving, and...
Crypto 'Fear-Greed Index' at 70... Investor sentiment improves, markets relieved to see CPI rise 3.4% in line with expectations
Crypto data provider Alternative's self-estimated “Fear-Greed Index” rose to 70, up six points from the previous day. The greed phase continued with improved sentiment. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to 100...
BTC renaissance is here...time to focus on Layer 2 and DeFi potential
Grayscale, the issuer of the Bitcoin spot ETF GBTC and crypto asset manager, has released a report declaring that “a renaissance has arrived in the Bitcoin ecosystem. The world's first public blockchain is evolving,” the report said. “The success of Audience, Inscription, and others has sparked a...
BTC Fails to Recover the 20-Day EMA... Could fall to $54k
Bitcoin has defended the $59,600 support level but failed to reach the 20-day exponential moving average (EMA) at $62,650, Cointelegraph reports. “If $59,600 is broken, the price could retest the previous one-day low of $56,552,” the outlet said. This level is expected to attract buyer interest,...