Bitcoin price shows strength above its recent lows — Here is why
A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains. Go to Source
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South Korea’s Bitcoin Premium Persists Amid Market Volatility
Despite recent turbulence in the crypto market, bitcoin’s price continues to carry a premium in South Korea. As of 4 p.m. EDT, bitcoin is trading at $59,002 per unit, but in South Korea, the exchange rate hits $59,900, reflecting a 1.52% premium. Despite First Negative Dip Since Oct. 2023, South Korea’s Bitcoin Premium Continues Interestingly, … Read more
‘Overly optimistic’ Bitcoin traders washed out as BTC futures turn ‘neutral’
The Bitcoin futures premium plunged to its lowest levels in 10 months, but traders have refused to turn bearish. Go to Source
Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions
Professional Bitcoin traders have yet to hop on the wagon after BTC’s weekend rally. Cointelegraph explains why. Go to Source
Bitcoin stagnates as bearish headwinds continue to blow
Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops. Go to Source
Bitcoin Premium Climbs to 6% in South Korea Amid Market Turbulence
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an … Read more
Ethereum futures open interest hits 19-month high, yet ETH price weakness intensifies
Ethereum derivatives metrics show increased activity, indicating higher interest but not necessarily a bullish trend. Go to Source
Spot Bitcoin ETF inflows surge, but BTC struggles to rally above $65K
Arbitrage trading of the spot BTC ETFs and a drop in demand for inflation hedges could be limiting Bitcoin’s price upside. Go to Source
Bitcoin weekly funding rate reflects investor caution, yet BTC price pushes higher
Bitcoin trades above $63,000 but the futures weekly funding rate shows pro traders are cautious. Go to Source
Grayscale’s Ethereum Trust Returns to Discount as Spot Ether ETF Listings Loom
Based on recent data, Grayscale’s Ethereum Trust (ETHE) has returned to trading at a discount to its net asset value (NAV) after experiencing a premium briefly on July 3. Grayscale Ethereum Trust: From Premium to Discount in 2 Days The Grayscale fund known as the Ethereum Trust (ETHE) has returned to trading at a discount … Read more
