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Bitcoin Trader Down $4.56M Opens New $23M Short on 300 BTC

A wallet tracked by onchain analysts opened its 15th bitcoin short in five days on August 24, a 40x leveraged bet on 300 BTC worth roughly $23.13 million, after 14 straight losing trades wiped out a combined $4.56 million. An Embarrassing Losing Streak Deepens Further The wallet (identified as bowen1476) opened its 15th short position […]

source https://news.bitcoin.com/crypto-news/bitcoin-short-seller-15th-trade-4-56-million-losses/

Six-Figure Bitcoin Price in Sight as BTC Call Options Go Berserk

Bitcoin derivatives markets are running hot while bitcoin’s price tagged an intraday high of $79,989 Monday, with traders stacking billions into futures and options while paying increasingly steep premiums to chase even higher prices. Bitcoin Open Interest Accelerates With the Rally The leverage is showing up plainly in futures open interest, which tracks contracts still […]

source https://news.bitcoin.com/market-updates/six-figure-bitcoin-price-in-sight-as-btc-call-options-go-berserk/

Bitcoin Price Drives Toward $80K as Economist Warns of ‘Massive QE’

Bitcoin rebounded to an August high of $79,989 after briefly dipping below $77,000, recovering from a weekend market slump. Market Recovery and Bitcoin Price Swings Bitcoin nearly tapped $80,000 on Monday as the cryptocurrency market appeared to recover from a weekend slump, which saw several high-cap altcoins back off from multi-month highs. Market data shows […]

source https://news.bitcoin.com/market-updates/bitcoin-price-drives-toward-80k-as-economist-warns-of-massive-qe/

Bitcoin, Ether ETFs Pull In $2.6B in Strongest Week Since October

U.S. spot bitcoin ETFs drew $1.92 billion in net inflows during the week of August 17 to August 21, while ether funds added $697.18 million. Solana, XRP and HYPE ETFs also finished the week in positive territory as institutional demand broadened across the market. Bitcoin ETF Volume Hits $22B as Assets Rise 25% The week […]

source https://news.bitcoin.com/bitcoin-etf/bitcoin-ether-etfs-pull-in-2-6b-in-strongest-week-since-october/

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Ripple CEO Says Crypto Rules Near Finish After White House Meeting

Ripple CEO Brad Garlinghouse says U.S. crypto regulation is approaching a decisive point after White House and CFTC meetings. His assessment connects current momentum with a seven-year campaign for clear federal market rules. Garlinghouse Sees White House Shift on Crypto Ripple CEO Brad Garlinghouse described a significant change in Washington’s treatment of cryptocurrency after joining […]

source https://news.bitcoin.com/regulation-and-legal/ripple-ceo-says-crypto-rules-near-finish-after-white-house-meeting/