Tag: 111K

Bitcoin buyer dominance at $111K suggests ‘another wave’ of gains

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Key points: Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024. The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes. Bitcoin short-term holders are firmly in the black in a further potential bull market boost. Bitcoin (BTC) buyers remain dominant on exchanges as all-time highs are met with unusual optimism. Data from onchain analytics platform CryptoQuant shows a 90-day cumulative volume delta (CVD) favoring Bitcoin bulls. CryptoQuant: BTC price uptrend “may continue” BTC price all-time highs continue to find…

Bitcoin open interest hits record high as BTC slips below $111K

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Bitcoin futures open interest (OI) has hit record levels on crypto derivatives exchanges as traders anticipate the cryptocurrency will continue and reach new all-time highs.  Bitcoin (BTC) futures open interest reached a peak of just over $80 billion on May 23, according to CoinGlass. It’s an increase of 30% since the start of May as derivatives speculators load up on leverage in anticipation of higher Bitcoin prices. Open interest is the total number of outstanding futures contracts that allow traders to bet on the future price of Bitcoin, which have…

Bitcoin Hits $111K ATH — Analyst Highlights Key Levels to Watch

Key Notes Bitcoin hit a new all-time high of $111,861, fueled by strong institutional inflows and price discovery momentum. Analysts highlight key resistance levels at $116K, $126K, $136K, and $148K price levels. Technical indicators show elevated RSI and Bollinger Band expansion, suggesting a potential cooldown. Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B has shattered records for a second time this year, breaching the $110,000 mark and setting a new all-time high (ATH) of $111,861.22, CoinMarketCap data shows. This historic surge comes amid…

OKX launches xBTC following new Bitcoin all-time high at $111k

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Major crypto exchange OKX will be launching wrapped Bitcoin asset, xBTC, as well as related yield products. BTC recently broke through a new all-time high, surpassing $111,000. According to the official announcement, xBTC is a wrapped token that is pegged on a 1 to 1 ratio with the largest cryptocurrency by market cap. Users can start simultaneously depositing and withdrawing xBTC on May 22 at 3:00 AM UTC. The product will be initially available on three major chains, including Solana (SOL), Sui (SUI), and Aptos (APT). xBTC is fully managed…

Bitcoin reaches new all-time high above $111K

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During early Asian trading hours on Thursday, May 22, Bitcoin surged more than 4% from its peak of $109,800 on Wednesday to reach a new all-time high of $111,544.  The milestone follows a brief dip to $106,000 and shows growing investor appetite for alternative assets amid rising macroeconomic uncertainty. The immediate catalyst appears to be the weak demand in the U.S. Treasury’s $16 billion 20-year bond auction on May 21.  Investors pushed for lower prices, which in turn drove bond yields above 5.1%. In bond markets, yields and prices move…

SEC revises $22M punishment against LBRY, seeks $111K instead

The United States securities regulator is seeking to revise its $22 million punishment against decentralized content platform LBRY, acknowledging it is unlikely to be able to cough up the funds to be able to pay it.  In a May 12 filing in a New Hampshire District Court, the Securities and Exchange Commission (SEC) sought an amendment to its request for remedies in its successful case against LBRY. Instead of seeking the original $22 million — the amount it claims LBRY gained from the sale of its token LBRY Credits (LBC),…