Bitcoin BTC$87,108.49 strengthened as the Japanese yen dropped after the Bank of Japan (BOJ) hiked interest rates as expected. The Japanese central bank raised its short-term policy rate by 25 basis points to 0.75%, the highest level in roughly three decades, continuing the gradual shift… Read More
BNB slid nearly 3% over the past 24 hours, falling to around $844 as a sharp reversal in bitcoin and renewed weakness in U.S. tech stocks rippled through crypto markets. The token minutes earlier had risen to $872, but failed to hold gains before selling… Read More
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$86,673.90 trades close to a crucial long-term price line that’s held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR),… Read More
Bitcoin’s BTC$87,474.65 derivatives market is flashing signals of stability in a broad range rather than a massive moonshot or violent crash. Activity in Deribit-listed options shows strong support around $85,000 from heavy put selling (writing) or traders offering insurance against price drops below that level.… Read More
Vanguard’s global head of quantitative equity, John Ameriks, said bitcoin BTC$89,237.53 still resembles a speculative collectible more than an asset meant to build long-term wealth, comparing it to a “digital Labubu,” the plush toy that has become a popular collectible. Ameriks’ words came during Bloomberg’s… Read More
Bitcoin-heavy firm Strategy (MSTR) will remain in the Nasdaq 100 index, surviving the annual reshuffle that saw several household names dropped. The firm, which began as business software provider MicroStrategy, pivoted in 2020 to stockpiling bitcoin as its core strategy. It has since then accumulated… Read More
