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Crypto

Bitcoin rebound stalls as Peter Brandt says he would bet on decline

Veteran trader Peter Brandt signalled he would bet on a bitcoin decline, saying downside odds look higher even though he has not taken a position. He pointed to a large head-and-shoulders pattern formed from April to June and a break below a neckline around $75,000 that preceded a fall under $60,000, with a chart target near $58,000. Analysts also flagged levels needed for a short-term rebound as whale selling continues.

Crypto

Bitcoin breaks above $66,000 to hit highest in a month

Bitcoin climbed above $66,000 to its highest level in a month, reaching $66,306 on Bitstamp, Cointelegraph reported. After repeatedly facing resistance near $65,000, it kept rising, with some in the market targeting $67,000 and again citing $70,000 as a psychological barrier. Traders pointed to higher resistance at $67,500 to $68,000. Liquidations rose, while options demand appeared into late July as markets watched the Federal Reserve.

Crypto

Spain bet pays off as Polymarket trader posts $9.9 million day profit

A Polymarket trader known as DEEDDIT drew attention after recovering a $10.8 million loss in two weeks, turning the account’s cumulative profit to more than $8 million. The rebound came after a $11.3 million wager that Spain would beat France in a 2026 FIFA World Cup semi-final. Spain won 2-0, generating a $9.9 million one-day profit. The report also cited large leveraged token and memecoin trades amid a crypto market rebound.