Bitcoin is approaching a critical volatility flashpoint as approximately $17 billion in quarterly options—one of the largest expiries on record—are set to settle on Friday. This significant derivatives event coincides with the release of key U.S. inflation data, the Core PCE, creating a potent mix that could either reignite the rally or trigger a sharp correction. Experts warn that a break below the crucial $108,000 support level could unleash automated selling, potentially driving the price toward $96,000, while softer inflation figures could provide the catalyst for a rebound.
about Bitcoin Faces $17B Options Expiry, Inflation TestGreg Magadini
0 posts last weekBitcoin to Hit $150K in 2024, Says Canary Capital CEO
Steven McClurg, CEO of Canary Capital, forecasts Bitcoin could reach $150,000 in 2024, driven by ETF inflows and institutional demand, before a bear market in 2026. He dismisses Ethereum as outdated, favoring Solana and Sui, though analysts highlight Ethereum’s developer ecosystem as a key strength. McClurg also anticipates a Litecoin resurgence, citing its efficiency for smaller transactions, while noting crypto’s seasonal volatility. Meanwhile, Canary Capital has filed for altcoin ETFs, excluding Ethereum, amid a broader market rally.
about Bitcoin to Hit $150K in 2024, Says Canary Capital CEOBitcoin Rises as Trump Picks Pro-Crypto Fed Nominee
Bitcoin climbed to $117,500 following Trump’s nomination of Stephen Miran, a known Bitcoin advocate, to the Federal Reserve Board. Miran’s appointment is seen as a dovish shift, aligning with Trump’s push for easier monetary policy. Analysts caution that reduced Fed independence could fuel inflation, drawing parallels to the 1970s when gold prices skyrocketed after the collapse of Bretton Woods. Despite Bitcoin’s rally, its market cap remains dwarfed by traditional assets like NVIDIA, suggesting room for growth if inflation fears escalate. Weak Treasury demand and rising gold prices signal market concerns over persistent inflation, with the latest PCE reading at 2.6%, above the Fed’s target.
about Bitcoin Rises as Trump Picks Pro-Crypto Fed NomineeXRP Hits 6-Month High as Open Interest Surges to $8.8B
XRP reached a six-month high, trading at $3.05, as notional open interest for its perpetual futures soared to $8.8 billion, surpassing a previous peak from January. Bullish sentiment was evident with positive funding rates across exchanges like Binance and Bitget, where leveraged positions were concentrated. Analysts attribute the rally to retail traders revisiting pandemic-era favorites, while regulatory clarity around Ripple Labs’ legal battle with the SEC adds momentum. The XRP Ledger’s compliance features could further boost adoption if stablecoin legislation progresses.
about XRP Hits 6-Month High as Open Interest Surges to $8.8BEthereum Rises as Bitcoin Dips: Key Market Shifts
Ethereum (ETH) gained 4% in 24 hours and 20% over the week, trading at $3,128, while Bitcoin (BTC) dipped 1.9%, briefly falling below $117,000. ETH’s rally reflects corporate treasury purchases, including Sharplink Gaming’s $225 million acquisition and BitMine’s $500 million holdings. Regulatory optimism, particularly around potential SEC approval of Ethereum ETFs with staking, further buoyed ETH. Analysts noted ETH’s outperformance despite a stalled U.S. crypto bill, attributing its strength to derivatives market activity and institutional interest. Bitcoin’s recent 300% two-year surge contrasts with ETH’s 60% gain, though ETH remains down 8% YTD.
about Ethereum Rises as Bitcoin Dips: Key Market ShiftsJPMorgan Expands Stablecoin Plans Despite CEO’s Doubts
JPMorgan is advancing its stablecoin initiatives despite CEO Jamie Dimon’s public reservations, signaling traditional finance’s cautious embrace of digital assets. The bank joins peers like Bank of America and Citigroup in exploring tokenized deposits and stablecoins, while policymakers debate crypto legislation during ‘Crypto Week.’ Standard Chartered analysts project the $263 billion stablecoin market could triple by 2026, potentially altering U.S. Treasury demand patterns. Though Dimon questions consumer use cases, he acknowledges fintech firms’ encroachment into banking functions, forcing institutions to engage with the technology. Experts predict banks will move slowly, mirroring their delayed adoption of Bitcoin ETFs, as regulatory clarity emerges through bills like the GENIUS Act.
about JPMorgan Expands Stablecoin Plans Despite CEO's DoubtsBitcoin Hits New High, But Growth Slows Due to Maturity
Bitcoin surged to a record $118,667, marking a 25% increase from early 2025. However, analysts predict slower growth due to reduced volatility, driven by a maturing market and sophisticated trading strategies. The options market has expanded significantly, with open contracts exceeding $42.5 billion, while Bitcoin ETFs saw over $1 billion in daily inflows. Institutional investors, particularly through ETFs like BlackRock’s iShares Bitcoin Trust, are stabilizing price movements. Despite this, experts caution that periods of high volatility may still occur, though likely within tighter timeframes.
about Bitcoin Hits New High, But Growth Slows Due to MaturityEthereum’s $5K Target Unlikely by 2025, Data Shows
Ethereum’s price trajectory remains uncertain, with Amberdata data indicating only a 12% chance of ETH exceeding $5,000 by December 2025. Retail traders are targeting $3,000 by month-end, while institutions eye $3,500 by June. Despite rising open interest in ETH options—now matching December highs—volatility remains cheap, reflecting cautious optimism. Ethereum has lagged behind Bitcoin this year, with traders focusing on BTC amid the ongoing Bitcoin Conference. ETH derivatives open interest stands at $35 billion, up 8.8%, with positive funding rates suggesting continued market interest.
about Ethereum's $5K Target Unlikely by 2025, Data ShowsBitcoin Options Hit $65B ATH as ETF Bets Surge
Bitcoin options open interest has reached an all-time high of $65 billion, fueled by increased trading activity tied to BlackRock’s spot Bitcoin ETF. According to Amberdata’s Greg Magadini, the market reflects broad participation, with $20 billion in notional open interest for BlackRock’s ETF alone. Traders are positioning for a potential rally to $116,000–$120,000, as evidenced by the dominance of out-of-the-money call options. Derivatives exchanges like Deribit show a strong preference for calls ($23B) over puts ($13.9B). Bitcoin’s price recently climbed to $111,800, up 23% over the past month, despite a dip to $74,000 in June. The surge mirrors November 2023 levels, signaling sustained bullish momentum.
about Bitcoin Options Hit $65B ATH as ETF Bets SurgeEthereum Surges 50% Weekly Amid Pectra Upgrade & CPI Data
Ethereum (ETH) soared 8% in 24 hours and 51% over the past week, breaking past $2,700, driven by the successful Pectra upgrade and a softer-than-expected U.S. CPI report. Analysts attribute the rally to renewed investor confidence in risk assets, with altcoins like Solana (SOL) and Dogecoin (DOGE) also climbing. The Federal Reserve’s potential rate cuts and stable inflation data further bolstered the market. However, experts caution that tariff impacts remain unaccounted for, and ETH faces resistance near $2,800. Meanwhile, Bitcoin traded above $104,200, and major equity indexes edged higher.
about Ethereum Surges 50% Weekly Amid Pectra Upgrade & CPI DataBitcoin Holds at $95K as Traders Eye Inflation Data
Bitcoin traded around $95,000 as markets anticipated U.S. jobs and inflation reports, which could reveal the impact of Trump’s tariffs. Ethereum and Solana dipped slightly, while Treasury officials hinted at ongoing trade negotiations with China. Analysts suggest crypto markets may react positively if inflation data remains stable, with Bitcoin potentially decoupling from traditional risk assets in the long term. Wall Street indices edged higher, and gold prices rose as investors weighed economic uncertainty.
about Bitcoin Holds at $95K as Traders Eye Inflation DataTrump Tariffs Rattle Markets: Bitcoin’s Volatile Response
President Trump’s new tariff policy has caused significant market upheaval, wiping trillions from global indices and impacting crypto investors. Bitcoin briefly fell below $75,000 before recovering to $80,000, but experts anticipate further volatility. Rising U.S. bond yields, driven by falling demand for treasuries, signal deeper economic concerns—slow growth and inflation. Analysts suggest Trump’s tariffs could exacerbate inflation, while geopolitical tensions might lead to foreign sell-offs of U.S. debt. Bitcoin’s muted reaction to yield spikes hints at a potential decoupling from traditional risk assets like tech stocks, though its long-term resilience remains uncertain.
about Trump Tariffs Rattle Markets: Bitcoin's Volatile Response