Crypto Markets Today: Bitcoin Languishes at $111K as Altcoins Continue to Outperform
Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.
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Almost $250 million worth of derivatives positions were liquidated in the past 24 hours despite a relative lack of volatility.
A weaker US jobs market has strengthened the case for easing, and investors are seeking protection in hard assets, some opine.
Since the beginning of June, ether treasury companies and ETH ETFs have purchased a massive 4.9% of the crypto’s circulation, the bank’s Geoff Kendrick said.
Powell’s dovish tone sent ether to fresh highs, but nearly $400 million in liquidations show just how stretched traders were heading into the move.
The AI-focused blockchain project Qubic announced the community’s intention to target Dogecoin on X.
The milestone reflects a year-long build in bullish sentiment, fueled by a friendlier regulatory backdrop under President Donald Trump and the rapid adoption of corporate treasury strategies centered on Bitcoin accumulation.
Crypto investors don’t seem fazed by the attacks.
Majors are stabilizing, and bitcoin regained $101,000 after falling under six-figures last night as U.S. airstrikes on Iran triggered a brutal $1 billion flush-out.
Tensions in the Middle East are fueling a flight to safety, with traders rotating out of altcoins into stablecoins and bitcoin amid uncertainty around U.S. military escalation and sticky inflation.
One analyst characterized bitcoin’s recovery from last week’s decline as a “peaceful rally,” with buyers stepping in to support the uptrend.