For the first time since the start of the year, Bitcoin (BTC $108,783.53) has embarked on an intense accumulation spree that spans wallets of all sizes, underpinning a fresh wave of bullish momentum as the flagship crypto comfortably trades beyond the $110,000 mark — a hefty 18% surge within the last 30 days. Inside the…
Local insurance firms in El Salvador are poised to face credit headwinds linked to the nation’s embrace of bitcoin as an official currency, Fitch Ratings cautioned on Monday. The rating agency underscored heightened earnings and foreign exchange volatility as key factors, given insurers’ exposure to this volatile cryptocurrency. Legislative Backing and Implementation Timeline On June…
On the decentralized exchange Hyperliquid, an extraordinary $1.1 billion notional long bitcoin position has been established, leveraged 40 times, marking a rare milestone of a ten-figure bet fully executed on a blockchain-driven platform. The wallet behind this colossal trade is labeled “0x507,” linked to the enigmatic trader known as “James Wynn” within the community. Entry…
Global markets sank into a risk-averse mood Monday, dragging down bitcoin and ether prices. Shares of crypto-linked enterprises mirrored the plunge, with miners dropping sharply and Coinbase tumbling 17%. On Monday, stocks tied to cryptocurrency ventures experienced a sharp downturn as mounting unrest in the Middle East coupled with growing doubts about the global economic…
For seasoned market watchers, the notion of contrarian indicators isn’t foreign. These metrics often play tricks at first glance — some that look promising actually foreshadow downturns, while others appearing bleak tend to precede price climbs. Take leveraged bitcoin longs on Bitfinex, for example. This peculiar gauge has historically slid during bullish phases and swelled…