Crypto Research
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Bitcoin eclipses prior all-time high and tests $67,000, completing the comeback from a 55% drawdown April through July. ProShare’s Bitcoin Strategy ETF (BITO 1.64% ) was a huge success, garnering $570 million in asset inflows in its debut, and breaking the record for the fastest ETF to achieve $1 billion in assets on just its second day of trading.Open interest and funding rates increase, but the current Bitcoin leverage ratio and put/call ratio...
Bitcoin breakout can lead to near-term acceleration, while Ethereum following suit
Bitcoin took the lead in pushing back to new all-time highs on a closing basis Tuesday, coinciding with the successful launch of Proshares Bitcoin futures-based ETFInitial upside targets for BTC above 65k lie near 72.50k, then 89k, and thought to be definitely within reach on this breakout of former peaks.Popular Alt-coins like ETH/USD, SOL/USD, DOT/USD, XTZ/USD, BNB/USD look close to their own breakouts, with Ethereum set to possibly make a...