Key points: Bitcoin is preparing for a range expansion in the next few days, and the trend favors the bulls. ETH, BNB, AVAX, and PENGU are looking set for a possible upside move. Bitcoin (BTC) has failed to break above $120,000, but a positive sign is that the bulls have not ceded much ground to the bears. Investors have again resumed pouring money into the BTC exchange-traded funds, which witnessed net inflows for the past three trading days, according to Farside Investors data. American billionaire and hedge fund manager Ray Dalio said during an appearance on the Master Investor podcast…
Author: CYPRUS EYE
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Key takeaways: Ether’s open interest has doubled since June 22 to a record high of $58 billion. High network activity and a record stablecoin supply signal strong demand. Traders expect ETH to rally to all-time highs once $4,000 is broken. Ether’s (ETH) price reclaimed the $3,800 level after dropping to $3,700 during the early Asian trading hours on Tuesday. Market analysts pointed to key data metrics that suggest that “ETH is ready to explode” to new all-time highs. Ethereum open interest at record highsEther futures open interest (IO) hit a record high of $58 billion on Tuesday, indicating increased market…
BitMine Immersion, a Bitcoin mining company and Ether’s largest publicly traded holder, has announced the approval of an open-ended $1 billion stock buyback program to repurchase its outstanding shares through open market or negotiated transactions. With shares trading below the company’s net asset value (NAV), BitMine has opted to repurchase its stock rather than allocating more capital to expand its Ether (ETH) reserve, at least for now. The company’s NAV per share is estimated at $22.76, witth crypto holdings of 625,000 ETH and 192 Bitcoin (BTC), according to a press release on Monday. Rather than continue accumulating ETH at elevated…
Key takeaways: The Bitcoin Implied Volatility Index has fallen to its lowest level since September 2023, hinting at a potential breakout. The short-term holder realized cap drawdown is at -8%, which is historically a bullish accumulation zone. Bitcoin’s (BTC) recent price action points to a phase of quiet accumulation, but data shows that these low-volatility scenarios rarely last long. The 30-day implied volatility index (BVIV) for BTC has dropped to 40.84, falling below the threshold at 45, a level breached only 21 times over the past 149 weeks (since September 2022). Historically, this zone has preceded periods of accumulation or…
Washington, DC – A spokesperson for the State Department in the United States has been questioned about the killing of Palestinian activist Awdah Hathaleen, allegedly at the hands of an Israeli settler previously sanctioned by the US government. At a news briefing on Tuesday, State Department spokesperson Tammy Bruce demurred when asked whether the suspect in Hathaleen’s death, Yinon Levi, would be held accountable. “Israel has investigations that it’s implementing regarding situations of this sort,” Bruce said. “I don’t know the end result of what that’s going to be, nor will I comment or speculate on what should happen.” Bruce’s…
Washington, DC – United States Congresswoman Marjorie Taylor Greene, a right-wing ally of US President Donald Trump, has suggested that Israel is committing genocide against Palestinians in Gaza, highlighting a growing schism in the Republican Party. In a social media post this week, Greene condemned the dire situation in Gaza, where an Israeli-imposed hunger crisis has killed more than 120 people. She also criticised her colleague Randy Fine, who has openly celebrated the starvation and bombardment of Palestinians. “It’s the most truthful and easiest thing to say that Oct 7th in Israel was horrific and all hostages must be returned,…
British Prime Minister Keir Starmer has told his cabinet that the United Kingdom will recognise the state of Palestine by September unless Israel takes “substantive steps” to end its war on Gaza and commits to a lasting peace process. According to a government statement issued after an emergency cabinet meeting on Tuesday, Starmer said the move could come before the United Nations General Assembly in New York unless Israel agrees to a ceasefire, halts plans to annex parts of the occupied West Bank, and supports a political path towards a two-state solution. “[Starmer] reiterated that there is no equivalence between…
Masafer Yatta, occupied West Bank – Awdah Hathaleen was standing by a fence in the Umm al-Kheir community centre when he was shot in the chest by an Israeli settler on Monday. The beloved 31-year-old activist and father of three fell to the ground as people rushed over to try to help him. Then an ambulance came out of the nearby illegal settlement of Carmel and took him away. Israeli authorities have refused to release his body for burial, simply telling his family on Monday night that he had died, depriving them of the closure of laying him to rest…
Only 32 percent of survey respondents said they approve of Israel’s conduct in Gaza, down 10 points from last year. Washington, DC – A new poll from the research firm Gallup suggests that only 32 percent of Americans approve of Israel’s military action in Gaza, a 10-point drop from September 2024, as anger over atrocities against Palestinians continues to rise. The survey, released on Tuesday, also showed an enormous partisan divide over the issue. Seventy-one percent of respondents who identified as members of the Republican Party said they approve of Israel’s conduct, compared with 8 percent of Democrats. Overall, 60…
Trump says he cut off his relationship with Epstein because the sex offender poached workers from his Florida resort. United States President Donald Trump has said that he ended his relationship with disgraced financier and convicted sex abuser Jeffrey Epstein because he “stole” young female workers from Trump’s Mar-a-Lago resort. Speaking to reporters on his way home from a trip to Scotland on Tuesday, Trump alleged that one such worker was the late Virginia Giuffre, one of Epstein‘s highest-profile accusers. “People were taken out of the [Mar-a-Lago] spa, hired by him. In other words, gone,” Trump said. “When I heard…