Crypto

Dogecoin seen as key signal for retail return in crypto rally

A cryptocurrency bull market needs retail investor money to return, and the clearest signal could appear in Dogecoin, an analysis says. Market analyst Jordi Visser says crypto prices are rising but the speculative energy driven by individual investors that powered late-stage rallies in past bull markets is still lacking. He points to his equal-weight index of 40 crypto-related firms, protocols and assets, which has moved above mid-June highs while bitcoin remains just below.

Crypto

Bitcoin shrugs off Iran shock; S&P 500 short squeeze mentioned

Bitcoin held around $66,000 despite rising tensions between the United States and Iran. It dipped about 1 percent intraday but stayed elevated after climbing near $67,000, a five-week high. Oil prices rose to their highest since June 11, while crypto and U.S. stocks remained relatively steady. A market analysis account highlighted high short interest in the S&P 500 and Russell 3000, raising the possibility of a short squeeze. Traders watched $67,000 as a key level.