The Federal Reserve is set to announce its interest rate decision on Wednesday, July 29. According to the FedWatch tool, there is a 64.2% probability that rates stay flat and a 35.8% probability of a 25 bps rate hike. This makes for some of the most divided market expectations regarding a rate decision in recent […]
Prediction market traders are betting that Nvidia (NASDAQ: NVDA) will extend its rally over the coming month, pushing the stock toward the $250 mark. In line with this outlook, Polymarket data assigned the AI chipmaker a 50% probability of closing August above $240, implying upside of roughly 22% from its press-time price of $197. However, […]
Bitcoin price recovered 2.8% from an intraday low of $62,850 to around $64,650 on July 29 as traders positioned for the Federal Reserve’s interest rate decision. Bitcoin price recovers before the Fed decision According to data from crypto.news, Bitcoin ($BTC) price rose from $62,850 to an intraday high near $64,775 before settling around $64,650. The […]
As Bitcoin (BTC) price remained trapped in a consolidation over the past two months, it has seen its Open Interest (OI) – the total unsettled futures in the derivatives market – surge to a local high. Bitcoin’s OI 30D change, which shows the net buildup of new positions over the past 30 days, has climbed […]
Today, all eyes in Bitcoin and altcoins are on the critical FED meeting. While the main scenario expected in the market is that interest rates will remain unchanged, a rate hike is not entirely ruled out. According to CME FedWatchTool, the probability of a 25 basis point increase by the FED in July is priced […]
With August 3 shaping up to be a pivotal day for cryptocurrencies with the probable vote on the CLARITY Act, digital assets have started reacting to the expected tailwinds, with Bitcoin (BTC) gaining 7.25% in the last 30 days. Still, with history warning that the expected legal framework might not pass and that the markets […]
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded approximately $49.7 million in net outflows on July 28, extending a streak of negative flows to four consecutive trading days, according to data from Farside Investors. BlackRock’s IBIT Leads Outflows, Grayscale Mini $BTC Bucks Trend The latest round of withdrawals was driven primarily by BlackRock’s iShares Bitcoin Trust […]
XRP gained 3% to trade at $1.08 on July 29, as discussion surrounding the CLARITY Act intensifies ahead of the potential August 3 vote that could shape the digital asset’s short-term price direction. As U.S. senators have already released a revised draft of the act, combining proposals from the Senate Banking and Agriculture Committees into […]
Bitcoin fell below $64,000 on Tuesday as traders reduced risk before the Federal Reserve’s interest-rate decision, while ETF outflows and leveraged liquidations added to selling pressure. Bitcoin price falls below rising trendline According to data from crypto.news, Bitcoin ($BTC) price opened Tuesday near $63,706 and extended its decline toward $63,327 as traders cut exposure before […]
ChatGPT has assigned a 25% probability that XRP will reach $3 or higher before the end of 2026, offering a measured outlook on the cryptocurrency. The estimate comes as XRP struggles to hold above the $1 support level and trades at $1.09, meaning the token would need to gain about 173% over the remaining months […]