Professional Bitcoin traders have yet to hop on the wagon after BTC’s weekend rally. Cointelegraph explains why.
Read moreUS regulator fines crypto fund $150K for illicit Bitcoin loan
It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.
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JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach
Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the
Read moreBitcoin has room to fall amid ‘unusual’ open interest: CoinGlass
Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price.
Read moreChance of Bitcoin price drop to $52K rises as derivatives show traders losing hope
Worsening US macroeconomic data and some slight changes in the Bitcoin options market could be signs that BTC’s price weakness is set to intensify.
Read more3 key Bitcoin price metrics highlight traders’ lack of enthusiasm
Bitcoin price struggles as stablecoin and futures market data show declining confidence among traders.
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