A $2 million bet on XRP volatility crosses the tape as prices surge
An options trader opened a large straddle on XRP, betting on wild price swings by Aug. 28. Source:CoinDesk
US debt tops $40T stoking debate on what it means for Bitcoin
Analysts say the $40 trillion debt milestone could bolster Bitcoin’s longterm case, even as Treasury yields, dollar strength and liquidity remain key nearterm…
Treasury buybacks could set up Bitcoin’s next move toward $180,000, says strategist
Longtime bond market investor Mark Connors sees routine government bond buybacks improving liquidity and bringing bitcoin’s next rally closer. Source:CoinDesk
Bitcoin price reaches $72.5K as US issues ‘Economic D-Day’ threat to Iran
Bitcoin saw new multimonth highs above $72,500 even as US stocks cooled amid US threats of “economic warfare” with Iran. Source:Cointelegraph
U.S. bond yields are already surging again a day after Bessent’s debt-buyback plan
Treasury Secretary Scott Bessent’s plan to calm markets is being shortcircuited. Source:MarketWatch
The energy market’s rising ‘crack spread’ is threatening to break the American consumer
The energy market is sending a warning to cashstrapped consumers: Don’t expect prices at the pump to come down anytime soon. Source:MarketWatch
Bitcoin's jump above $71,000 sets up bullish golden cross pattern
Bitcoin’s improving momentum could produce a golden cross, but the rally still faces an important test. Source:CoinDesk
Conditions are ripe for a market ‘accident,’ but surging bond yields alone won’t cause it, concedes pessimistic strategist
The rise in bond yields renders markets more vulnerable to bad news, observes the “permabear” Albert Edwards of Société Générale. Source:MarketWatch
Ripple-linked XRP jumps 15% as data shows 'banker hours' onchain pattern
Three hours spanning the London afternoon and New York morning account for about 23% of XRP moving onchain, up from roughly 14% a year ago. Source:CoinDesk
Bitcoin breaks out of six-week range, tops $71,000 as $3 billion in shorts get wiped out
Six weeks of compression ended in the largest short liquidation since at least 2021, with $3 billion of bearish bets forced to buy back into thin supply.…
Crypto short liquidations pass $3B mark as Bitcoin price nears $72K
Bitcoin approached $72,000 in a second day of upside as crypto short liquidations passed $3.1 billion. Source:Cointelegraph
Bitcoin approaches $72,000 as Strategy and Coinbase continue rally
Bitcoin has gained 15% since monday, reclaiming several key technical and onchain levels as bullish momentum builds. Source:CoinDesk