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Yahoo
30-05-2025
- Business
- Yahoo
Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight
Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight originally appeared on TheStreet. After a turbulent few months, the crypto market seems bored. Bitcoin is holding steady above $105,000, with a modest 2.5% weekly gain. Ethereum is flat around $2,592, while Solana and XRP are up around 8%. The numbers aren't bad—but the lack of direction is making some analysts uneasy. According to Singapore-based trading firm QCP Capital, this isn't just a lull—it's a warning sign. 'Volatility across most asset classes continues to drift lower,' QCP analysts said in a note seen by TheStreet Roundtable. 'Markets appear increasingly inured to negative developments, brushing off headlines that might once have sparked more significant reactions.' It's not like there's a shortage of news. Tariff shocks, rising debt, and central bank signals are all out there. But the market isn't flinching. Bond yields are retreating, too—U.S. 10-year and 30-year yields have dipped below 4.5% and 5%, and Japan's 30-year JGB is under 3%. Traders, for now, are unfazed. QCP says this stretch of calm has pushed us into a sort of 'Goldilocks zone,' where things feel just right—but maybe too right. 'It will take time for companies and consumers to adjust pricing and spending patterns,' they said, referring to the recent tariff policy. 'Only in Q3 are we likely to see these dynamics reflected in the numbers.' If that sounds like a setup for surprise volatility later this year, that's because it is. The Federal Reserve appears to be on the same page—downplaying short-term data unless the economy shows serious signs of stress. Upcoming U.S. Treasury auctions in June for 10, 20, and 30-year bonds will be key tests. Japan is also adjusting issuance of long-dated paper in response to tepid demand. Meanwhile, the crypto market is still waiting for policy clarity. Progress on digital assets under the Trump administration has been slow, but there are signs of momentum. Senator Cynthia Lummis recently made headlines in Las Vegas with bold remarks about stablecoin regulation and the idea of a national Bitcoin Strategic Reserve. 'The Conference may offer the jolt needed to revive White House engagement,' QCP wrote. And that might not be all. Trump Media is reportedly looking to raise $2.5 billion and join other corporates like Strategy and Metaplanet in building a Bitcoin reserve—a structural bid that could offer some support. For now, the market looks healthy on the surface. Trading volumes remain strong—Bitcoin alone saw over $43 billion in daily volume, and altcoins like DOGE and ADA are outperforming with weekly gains over 10%. But it's all happening in a strangely quiet environment. QCP's warning is that don't get too comfortable. The market may not react today—but that doesn't mean it won't tomorrow. Analyst warns of market complacency as Bitcoin, XRP trades flat for 7 days straight first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Mayor
26-05-2025
- Business
- Business Mayor
QCP Flags Crypto's Maturity as Trump Tariffs Reignite Global Trade Uncertainty
Markets reeled as Trump's surprise 50% EU tariff proposal shattered weeks of calm, but bitcoin's steady rebound—bolstered by record institutional inflows—signaled crypto's emerging role as a haven in an era of policy chaos, according to QCP Capital's latest analysis. Bitcoin Resilience Contrasts With Tech Equity Weakness Amid Policy Shifts, QCP Analysis Says Global risk sentiment […] READ SOURCE
Yahoo
23-05-2025
- Business
- Yahoo
Crypto Daybook Americas: All Signs Point Up as Bitcoin Hits Record High
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC surpassed Wednesday's record to reach an all-time high of $111,875 in the early hours of Thursday, according to the CoinDesk Bitcoin Price Index, as traditional financial markets contended with rising bond yields and renewed concerns over ballooning U.S. debt. The largest cryptocurrency has gained around 3.8% in the last 24 hours while the broader CoinDesk 20 CD20 index rose 4.74%, continuing a trend of strength driven by mounting institutional demand and growing interest in crypto exposure. The rally is unfolding against a backdrop of higher yields on U.S. and Japanese government bonds. The 10-year U.S. Treasury yield rose to 4.6%, while the 30-year topped 5%, driven by concerns over President Donald Trump's tax bill that analysts estimate could add as much as $5 trillion to the country's debt, according to Reuters. In Japan, yields on 30- and 40-year government bonds also hit record highs. The country's debt-to-GDP ratio stands at 234%, QCP Capital said, and growing scrutiny coupled with weak demand for long-dated JGBs sent yields soaring. That matters because higher yields — and thus higher returns — on investments that are considered relatively safe tend to lower the appeal of riskier assets like stocks, not to mention cryptocurrencies. While BTC, with its history of trading as a risky asset, hasn't shown much sign of ebbing demand, it raises the question of how long the rally can continue. Still, traders have been building large long positions in BTC options, with the most open interest now concentrated at the $110,000, $120,000 and even $300,000 calls for contracts expiring in late June in a sign of continuing bullish conviction. U.S.-traded spot bitcoin exchange-traded funds have also been seeing significant demand. Total net inflows hit $1.6 billion over the week, and $4.24 billion so far in May, SoSoValue data shows. The inflows, coupled with bitcoin's price rise, have seen the ETFs' total net assets hit a record $129 billion. There are, however, some muted signs of bearish activity. 'The largest block flow this week continues to be ETH December call spreads, while overnight BTC butterfly positions hint that some traders are positioning for consolidation around current levels,' Wintermute OTC trader Jake O. said. Note, he's talking about consolidation, not declines. And traditional participants may even be too bearish. While the U.S. endured a recent credit downgrade, markets are now pricing in a 6-level cut all the way down to BBB+. On top of that, per Jake O., a recent equities market sell-off may not be a result of repositioning given higher bond yields, but rather profit-taking after nine consecutive positive sessions. Stay alert! Crypto May 22: Bitcoin Pizza Day. May 22: Top 220 TRUMP token holders will attend a gala dinner hosted by the U.S. president at the Trump National Golf Club in Washington. May 30: The second round of FTX repayments starts. May 31 (TBC): Mezo mainnet launch. Macro Day 3 of 3: Canadian Finance Minister François-Philippe Champagne and Bank of Canada Governor Tiff Macklem will co-host the three-day meeting of G7 finance ministers and central bank governors in Banff, Alberta. May 22, 8 a.m.: Mexico's National Institute of Statistics and Geography releases (final) Q1 GDP growth data. GDP Growth Rate QoQ Est. 0.2% vs. Prev. -0.6% GDP Growth Rate YoY Est. 0.8% vs. Prev. 0.5% May 22, 8:30 a.m.: Statistics Canada releases April producer price inflation data. PPI MoM Est. -0.5% vs. Prev. 0.5%. PPI YoY Prev. 4.7%. May 22, 8:30 a.m.: The U.S. Department of Labor releases unemployment insurance data for the week ended May 17. Initial Jobless Claims Est. 230K vs. Prev. 229K May 23, 8:30 a.m.: Statistics Canada releases (Final) March retail sales data. Retail Sales MoM Est. 0.7% vs. Prev. -0.4% Retail Sales YoY Prev. 4.7% May 23, 10 a.m.: The U.S. Census Bureau releases April new single-family homes data. New Home Sales Est. 0.692M vs. Prev. 0.724M New Home Sales MoM Prev. 7.4% Earnings (Estimates based on FactSet data) May 28: NVIDIA (NVDA), post-market, $0.88 Governance votes & calls Arbitrum DAO is voting on launching 'The Watchdog,' a 400,000-ARB bounty program to reward community sleuths for uncovering misuse of the hundreds of millions in grants, incentives and service budgets the DAO has deployed. Voting ends May 23. Lido DAO is voting on adopting Dual Governance (LIP-28), a protocol upgrade that inserts a dynamic timelock between DAO decisions and execution so stETH holders can escrow tokens to pause proposals at 1% of TVL or fully block and 'rage-quit' at 10%. Voting ends May 28. Arbitrum DAO is voting on a constitutional AIP to upgrade Arbitrum One and Arbitrum Nova to ArbOS 40 'Callisto,' bringing them in line with Ethereum's May 7 Pectra upgrade. The proposal schedules activation for June 17, and voting ends on May 29. May 22: Official Trump to announce its 'next Era' on the day of the dinner for its largest holders. June 10: to host an analyst call followed by a Q&A session. Unlocks May 31: Optimism (OP) to unlock 1.89% of its circulating supply worth $24.67 million. June 1: Sui (SUI) to unlock 1.32% of its circulating supply worth $182.58 million. June 1: ZetaChain (ZETA) to unlock 5.34% of its circulating supply worth $11.99 million. June 12: Ethena (ENA) to unlock 0.7% of its circulating supply worth $16.78 million. June 12: Aptos (APT) to unlock 1.79% of its circulating supply worth $61.86 million. Token Launches June 1: Staking rewards for staking ERC-20 OM on MANTRA Finance end. June 16: Advised deadline to unstake stMATIC as part of Lido on Polygon's sunsetting process ends. Day 3 of 7: Dutch Blockchain Week (Amsterdam) Day 3 of 3: Avalanche Summit London Day 3 of 3: Seamless Middle East Fintech 2025 (Dubai) Day 2 of 2: Crypto Expo Dubai Day 2 of 2: Cryptoverse Conference (Warsaw) May 27-29: Bitcoin 2025 (Las Vegas) May 27-30: Web Summit Vancouver May 29: Stablecon (New York) May 29-30: Litecoin Summit 2025 (Las Vegas) May 29-June 1: Balkans Crypto 2025 (Tirana, Albania) June 2-7: SXSW London June 15-17: G7 2025 Summit (Kananaskis, Alberta, Canada) June 19-21: BTC Prague 2025 By Shaurya Malwa The HYPE token is in focus after a billion-dollar bitcoin trade boosted Hyperliquid's fundamentals. Pseudonymous trader James Wynn opened a $1.1 billion long on BTC using 40x leverage via Hyperliquid in one of the largest on-chain DEX trades ever recorded. The position, tied to wallet "0x507," was entered when BTC was priced at $108K and now sits on over $40 million in unrealized profit. Wynn booked partial profits early Thursday by closing 540 BTC (~$60 million), to net $1.5 million. His prior exits were followed by BTC declines, so traders are watching closely, as reported. Hyperliquid runs on its custom L1, HyperEVM, using the HyperBFT consensus (200K+ TPS) with CEX-level features like real-time order books and deep liquidity — no KYC required. The platform's permissionless design and lightning-fast execution are increasingly drawing capital from centralized venues to DeFi , and this trade could set a precedent for whale activity. HYPE jumped 15% in the past 24 hours on renewed attention and usage-driven speculation. Analyzing the liquidations heatmap of the BTC-USDT pair on Binance, the largest liquidations cluster around $108.5K and $106.9K with liquidations worth $143 million and $112.5 million, respectively. Meanwhile, BTC the options market swells post-breakout, with open interest on Deribit climbing above $34 billion, just shy of the all-time high of $35.9 billion set in December. The bulk of this positioning is centered on the 30 May expiry, which now holds over $9 billion in notional value to become a key date for potential volatility. Bullish sentiment is clearly in control, with traders aggressively targeting upside via calls. Strikes at $100K, $120K and $150K have attracted particularly large open interest, reflecting growing conviction in a continued rally. Put/call ratios underscore this shift in sentiment — the 24-hour volume ratio has dropped to 0.49, while the open interest ratio sits at 0.60, indicating a meaningful tilt toward bullish exposure following BTC's move above $110K. Near-term options activity is also picking up, with weekly and monthly contracts seeing notable inflows. Traders appear to be positioning for further momentum or short-term price swings in the wake of the breakout. BTC is up 1.19% from 4 p.m. ET Wednesday at $110,690.36 (24hrs: +4.05%) ETH is up 6.19% at $2,662.72 (24hrs: +5.23%) CoinDesk 20 is up 3.64% at 3,348.63 (24hrs: +4.88%) Ether CESR Composite Staking Rate is unchanged at 3.03% BTC funding rate is at 0.03% (10.95% annualized) on Binance DXY is up 0.25% at 99.81 Gold is down 0.26% at $3,305.6/oz Silver is down 0.83% at $33.17/oz Nikkei 225 closed -0.84% at 36,985.87 Hang Seng closed -1.19% at 23,544.31 FTSE is down 0.68% at 8,726.62 Euro Stoxx 50 is down 0.96% at 5,402.31 DJIA closed on Wednesday -0.91% at 41,860.44 S&P 500 closed -1.61% at 5,844.61 Nasdaq closed -1.41% at 18,872.64 S&P/TSX Composite Index closed -0.83% at 25,839.17 S&P 40 Latin America closed -1.31% at 2,597.38 U.S. 10-year Treasury rate is down 2 bps at 4.58% E-mini S&P 500 futures are unchanged at 5,865.50 E-mini Nasdaq-100 futures are up 0.15% at 21,188.50 E-mini Dow Jones Industrial Average Index futures are down 0.17% at 41,875.00 BTC Dominance: 63.90 (-0.62%) Ethereum to bitcoin ratio: 0.02409 (3.52%) Hashrate (seven-day moving average): 875 EH/s Hashprice (spot): $58.24 Total Fees: 7.89 BTC / $847,124 CME Futures Open Interest: 160,740 BTC BTC priced in gold: 33.4 oz BTC vs gold market cap: 9.47% Bitcoin reached a new all-time high of $111,875 this morning, breaking decisively above the previous peak just above $109,000 set in January. With a confirmed close above that level and no sign of a swing failure pattern, the bias remains firmly tilted toward continued upside. In the near term, BTC may encounter resistance around the $112,000–$113,000 range, aligning with a trendline drawn from the prior highs in December and January. However, last week's consolidation above $100,000 — and the successful reclaim of the previous all-time high — suggest this area is now acting as short-term support. A pullback below $100,000, especially into the weekly order block, would likely represent a healthy correction within the broader uptrend and could offer a compelling reentry opportunity if further downside is seen. Strategy (MSTR): closed on Wednesday at $402.69 (-3.41%), up 1.73% at $409.67 in pre-market Coinbase Global (COIN): closed at $258.99 (-0.91%), up 2.78% at $266.20 Galaxy Digital Holdings (GLXY): closed at C$31 (+1.57%) MARA Holdings (MARA): closed at $15.84 (-2.16%), up 4.42% at $16.54 Riot Platforms (RIOT): closed at $8.84 (-1.01%), up 3.39% at $9.14 Core Scientific (CORZ): closed at $10.78 (-1.28%), up 1.48% at $10.94 CleanSpark (CLSK): closed at $10.11 (+4.23%), up 4.65% at $10.58 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $17.75 (-1.33%) Semler Scientific (SMLR): closed at $44.89 (+7.19%), up 6.01% at $47.59 Exodus Movement (EXOD): closed at $32.76 (-5.07%), unchanged in pre-market Spot BTC ETFs: Daily net flow: $607.1 million Cumulative net flows: $43.35 billion Total BTC holdings ~ 1.19 million Spot ETH ETFs Daily net flow: $0.6 million Cumulative net flows: $2.61 billion Total ETH holdings ~ 3.49 million Source: Farside Investors The chart shows bitcoin open interest has hit a new all-time high. Most OI is concentrated on major centralized exchanges, with Hyperliquid showing solid growth. Bitcoin Smashes Past $111K, Setting New Record Highs, on Institutional Fervor (CoinDesk): Bitcoin hit an all-time high above $111,800 Thursday, surpassing Wednesday's record. Bitcoin's Rally to Record Highs Puts Focus on $115K Where an 'Invisible Hand' May Slow Bull Run (CoinDesk): The rally may face resistance near $115,000 as options dealers with positive gamma exposure hedge by selling into price strength, creating contrarian flows that could limit further upside. King Dollar Falls, Bitcoin Marches Toward Sound Money Highs (CoinDesk): Despite soaring 50% from April lows and outperforming tech stocks and Treasuries, bitcoin has yet to reclaim its all-time highs against traditional safe havens such as gold and silver. GOP Leaders Make Last-Minute Changes to Trump Tax Bill (The Wall Street Journal): Republicans aim to extend and expand Trump's 2017 tax cuts while covering only part of the cost, raising concerns over delayed spending curbs and worsening budget deficits. Japan's Possible Response to Rise in Super-Long Bond Yields (Reuters): Yields on these bonds are spiking amid concerns about large tax cuts and increased government spending. The central bank is likely to consider technical tweaks while avoiding broader intervention. Russia's Struggling War Economy Might Be What Finally Drives Moscow to the Negotiating Table (CNBC): Mounting pressure from inflation, falling oil revenues and depleted military reserves may eventually force Moscow into real peace talks. Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Ether Surges 8%, Bitcoin Nears $106K as Crypto Bulls Take Charge
Crypto markets extended their climb with ether (ETH) jumping 8% and bitcoin (BTC) inching back toward the $106,000 mark in the past 24 hours, despite broader risk-off sentiment in equities and gold. The resilience is in contrast to Friday's surprise credit downgrade of the U.S. by Moody's, which cited persistent fiscal deficits and political gridlock. Yet while equities sagged and gold extended its recent decline, falling nearly 7% from May highs, bitcoin held ground and even rallied briefly to $107,000 late Sunday before retracing. 'Bitcoin's ability to rally over the weekend despite a risk-off tone in equities following the Moody's downgrade reinforces its positioning as a legitimate store of value,' QCP Capital said in a Telegram broadcast late Monday. The firm pointed to consistent inflows into spot bitcoin ETFs and institutional demand as catalysts, even as derivatives markets saw some leveraged long liquidations. Ether was among the standout movers, surging past $2,900 in a strong follow-through move from last week's breakout. The token's recent strength has been tied to renewed interest in Ethereum staking flows and positive sentiment following the Pectra upgrade — though no new headline catalyst emerged on Monday. Solana's SOL, XRP, BNB Chain's BNB and dogecoin (DOGE) rose between 2-4%, with the broad-based CoinDesk 20 (CD20) adding just under 2% in the past 24 hours. Meanwhile, Aave's AAVE tokens soared over 25% in the past 24 hours, though the move appeared largely speculative. No protocol-level announcement or governance proposal was immediately tied to the jump. The token is still down over 60% from its 2021 highs. Traders say the decoupling between bitcoin and traditional 'hard assets' like gold is worth watching. 'Unlike in previous months where BTC and gold went up in unison, bitcoin has been rising against a drop in spot gold, which is also reflected in ETF flows,' Augustine Fan of SignalPlus said in a message to CoinDesk. 'Gold ETFs saw a notable drop in flows against a small rise in BTC ETFs, with a similar pattern in gold vs BTC futures on CME. We should assume more of these micro-correlation breaks and relative value opportunities to take hold,' Fan ended. Sign in to access your portfolio
Business Mayor
14-05-2025
- Business
- Business Mayor
Pepe, dogwifhat see price gains amid altcoin spike
PEPE jumped to above $0.0000092, up nearly 13% as volume spiked 46%. Meanwhile, dogwifhat hit highs of $0.64, also up 13% as altcoins mirrored Bitcoin gains. Analysts say President Donald Trump's announcement of a trade deal with the UK could spark further gains. Pepe (PEPE) and dogwifhat (WIF) are among the top gainers in the crypto market today as Bitcoin rides bullish sentiment to near $100k. The meme coins, ranked 28th and 98th by market cap on CoinMarketCap, posted double-digit gains as Bitcoin rose 3%, hitting a two-month high alongside a broader rally in risk assets. PEPE traded at around $0.000009217, up by 12.59% at the time of writing. Whale activity suggests investor confidence. This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M). — Lookonchain (@lookonchain) May 8, 2025 Meanwhile, dogwifhat hovered near $0.64, up 13% in the past 24 hours. The gains happened alongside a spike in trading volume, Pepe recording a 46% surge in daily volume to $766 million, while dogwifhat saw an increase of 44% to about $242 million. dogwifhat, Pepe surge as crypto reacts to trade deal news Bitcoin surged as investors reacted to President Donald Trump's announcement of a massive trade deal between the United States and the United Kingdom. As risk-on sentiment kicked in, equities signaled a rally with futures up. Cryptocurrencies, including the memecoins PEPE and WIF, rose alongside Bitcoin, Ethereum, and Solana. EOS and Pudgy Penguins led the top performers. With the trade deal likely to be among many others lined up, analysts say an easing of tariff tensions could spark fresh market optimism. 'President Trump teased a major trade deal this morning, with speculation pointing to the UK. Despite a few details, the headline alone sparked a sharp risk-on reaction across global markets,' QCP Capital analysts noted. 'Crypto jumped on the news. $BTC rose 2.74% to reclaim $99K, while $ETH surged 6.89%, breaking out of a three-week range. Options flow showed strong demand for May and June calls, signalling renewed bullish sentiment,' they added. PEPE and WIF price outlook While analysts urge a cautious approach as the US markets open, they see a BTC close above $100k as potentially adding to the upside. This scenario could see meme coins soar amid capital rotation into anticipated gainers. The surge in volume and open interest (+13% to $454 million for PEPE, and +16% to $244 million for dogwifhat) suggests strong interest in the tokens. If this sentiment holds as BTC rallies, buying pressure could see PEPE and WIF rise to key levels. WIF price could return to above $1 if bulls edge higher. Meanwhile, Pepe may see a zero taken off the price range, with recent hurdles at $0.000015 and $0.000020 key.
