Here's why Bitcoin's 15% spike in Open Interest signals caution
BTC's Open Interest increased sharply leading to a price close at $84, but this leverage driven pump signaled caution.
Keep up with what's happening in the crypto world in real-time.
BTC's Open Interest increased sharply leading to a price close at $84, but this leverage driven pump signaled caution.
Bitcoin has broken out of a technical formation that may place it on track toward a decisive test zone between $96,200 and $102,100. If confirmed in the coming days, the movement would represent a major price development in Bitcoin's ongoing market structure.
As geopolitical events reduce pressure on both traditional and digital markets, Bitcoin is exhaling with relief. Trade uncertainty caused a period of volatility, but a significant 90-day tariff pause on important tech imports has sped up the recovery.
Lomond School, a private institution in Scotland, will begin accepting Bitcoin for tuition payments and is collaborating with Bitcoin author Saifedean Ammous to introduce a new curriculum focused on Bitcoin and Austrian economics. Ammous, author of The Bitcoin Standard, is developing an educational curriculum combining the principles of Bitcoin (BTC) and Austrian economics.
Bitcoin (BTC) trades at $84,457.07 with a $1.67T market cap after reclaiming $86K. RSI near 60 and CMF at 0.02 reflect a neutral to bullish market structure.
The past week in the world of cryptocurrency was nothing short of eventful. The market saw significant fluctuations, largely influenced by President Donald Trump's tariff announcements.
BTC could be gaining market share among long traders.
The week is ending bullish for most of the coins, according to CoinMarketCap.
After dropping to $75,000 during Trump's tariff war, Bitcoin has bounced back significantly. With the current Bitcoin dollar price at $84,800, the $100K milestone is once again in sight.
With Bitcoin (BTC) swiftly reclaiming $80K, the outlook for crypto markets has improved, with many expecting altcoins to rally. Among memecoins, can Dogecoin (DOGE) lead or will Shiba Inu (SHIB) price take the initiative?
President Bukele meets Trump in the U.S., focusing on Bitcoin and trade.
After a brutal correction of 30% that caused bitcoin to fall below $75,000, the leading cryptocurrency is once again showing signs of strength by stabilizing around $84,500. This significant rebound has been amplified by President Trump's announcement of a temporary suspension of tariffs for most countries.
The United States has emerged as one of the largest hubs for Bitcoin mining globally, especially following China's sweeping crackdown on crypto mining activities in 2021. The U.S. share of global Bitcoin mining surged from just 4.5% in 2020 to an impressive 37.8% by January 2022.
If you're new to crypto, here's one idea you might not have heard before: Bitcoin (BTC 1.52%) could be ready to challenge the U.S. dollar as the world's reserve currency. That type of transformative change, of course, would be history-making, and it would require a fundamental restructuring of the global financial system -- sort of like we're seeing right now, with tariffs and the potential for a global trade war.
New York is taking a bold step toward mainstream crypto adoption. A new legislative proposal seeks to allow residents to use digital assets like Bitcoin, Ethereum, and Litecoin to pay for government-related services.
US-based spot Bitcoin ETFs (exchange-traded funds) have not been left out of the escalating trade tensions between the United States and China, as they have witnessed significant withdrawals over the past few days.
The Lomond School in Scotland has become the first academic institution in the United Kingdom to accept tuition payments in Bitcoin (BTC) representing a major step in crypto mainstream adoption.
McDonald's has declined to discuss a shareholder proposal to invest in Bitcoin, with the SEC supporting the company's decision. This move reflects the cautious approach of major corporations towards cryptocurrency adoption.
Bitcoin approaches a critical juncture as long-term metrics and sentiment signal potential market direction.
Prominent X market analyst Cryptododo7 has shared a bearish prediction on the Bitcoin market amidst an ongoing price rally. Notably, the premier cryptocurrency has moved from $75,000 to $86,000 over the past three days indicating a rising level of market demand.
Bitcoin rallies to $85.9K after US-China tariff shift. Trade optimism offsets ETF outflows, with investors watching Fed policy and the Bitcoin Act.
TL;DR Bitcoin mining companies are repurposing their infrastructure to offer AI-oriented computing services in search of greater profitability. The technical overlap between mining farms and AI data centers allows for an operational transition without major structural changes.
Luxor Technology is reshaping the bitcoin mining landscape by offering an extensive suite of services, including mining pools, hashrate derivatives, ASIC brokerage, and data analytics. These tools aim to support both small-scale and industrial miners by simplifying operations and minimizing risk.
PI has jumped past $0.7 now, XRP is close to $2.15.