| Mobile Web

Search results for Bernstein

Crypto

Bitcoin rebound extends, but market still eyes $55,000 level

Bitcoin rebounds to around $66,000 after testing support at the 200-day exponential moving average, but the market remains cautious about further gains. A bearish dead cross on daily charts persists and trend strength indicators remain weak, while RSI signals room for upside. On Myriad, most traders expect $55,000 before $84,000. The Coinbase premium index has stayed negative since May, suggesting limited U.S. institutional buying.

Crypto

BitMine buys 7,430 ether in a week, holds 4.8 percent of circulating supply

BitMine increased its ether holdings to 5.78 million tokens, securing 4.8 percent of total circulating supply. Over the past week it added 7,430 ether, moving closer to its goal of accumulating 5 percent of circulating supply. About 4.9 million ether, or roughly 85 percent of its holdings, are staked. The company listed total assets of $11.5 billion, including 207 bitcoin and $385 million in cash and marketable securities.

Crypto

Bitcoin $70,000-$72,000 call options surge as post-FOMC window seen as key test

Large call option positions targeting bitcoin at $70,000 and $72,000 have built up ahead of a July 31 expiry on Deribit. Open interest clustered around those strikes, with bitcoin near $64,289 at the time. Deribit’s chief business officer described a block trade structured as a bull call spread. The expiry falls just after the U.S. Federal Reserve’s July 29 policy decision, focusing attention on whether bitcoin can clear resistance near $69,000.