Tag: Market

Polymarket, Kalshi Give Free Groceries Amid Prediction Market Boom

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Two leading prediction market platforms, Polymarket and Kalshi, have both turned to giving away groceries amid a fight for dominance in the fast-growing prediction markets space. Kalshi offered a $50 grocery giveaway to over 1,000 people in Manhattan on Tuesday, while competitor Polymarket announced plans to open a free grocery store starting next week. Thousands have already picked up their free Kalshi groceries! We are being told we’ve already inspired other companies to keep up the initiative! 2 more hours to get yours Westside Market | 84 3rd Ave. NYC…

Crypto.com Launches ‘OG’ Sports Predictions Market Offering Leveraged, Margin Trading

Key Notes OG operates as a fully-regulated trading platform combining prediction markets with social media experience, led by Crypto.com’s former chief legal officer Nick Lundgren as CEO. The platform will be the first prediction markets platform to offer margin trading through CDNA’s margin prediction contracts product. Crypto.com’s prediction market business achieved 40x weekly growth over six months, with the company holding full-stack CFTC approval positioning it alongside market leaders Kalshi and Polymarket. Crypto.com has launched “OG,” a standalone prediction market platform aimed at sports enthusiasts. According to a Feb. 3…

Bitcoin price targets $65,000: Bear market bottom?

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This moment is quite precarious for Bitcoin. After rejecting the upper boundary of its long-standing ascending channel, Bitcoin has transitioned into a corrective phase, pulling back toward a critical support zone around $65,000. Summary Bitcoin corrected lower after rejecting the channel high resistance $65,000 aligns with POC, Fibonacci, channel low, and daily support Bullish volume is required to confirm a macro bottom and rotation higher The current Bitcoin (BTC) price is just above $73,000. Following a rejection at the upper boundary of a long-standing ascending channel, the largest digital asset…

$1.5B liquidated as Bitcoin drops 13% and market liquidity, attention pull back

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Bitcoin extended its sharp weekly decline after more than $1.5 billion in leveraged long positions were liquidated, triggering a liquidity squeeze that pushed prices down over 13% and dragged institutional flows, market participation, and media attention lower across the crypto sector. Summary More than $1.5 billion in leveraged long positions were liquidated in late January, accelerating Bitcoin’s decline and deepening short-term market stress. Spot Bitcoin ETFs recorded roughly $509 million in net outflows, signaling a temporary pullback by institutional investors amid risk-off conditions. Prolonged drawdowns tend to reduce public interest…

Oct. 10 Started The Bitcoin Bear Market, On-Chain Data Shows

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Bitcoin’s bear-market turn can be traced to Oct. 10, 2025, a session widely described as the largest crypto derivatives liquidation event on record, with roughly $19 billion in futures positions forcibly unwound as prices slid sharply off their highs. CryptoQuant contributor Darkfost argues the damage was structural as much as directional: open interest fell by about 70,000 BTC in a single day, wiping out months of leverage build-up and leaving speculation struggling to re-form. He claims that the Oct. 10 flush was “really the one that pushed BTC into a…

Market Mayhem: Bitcoin’s Bounce Looks Like a Mirage in the Desert of Resistance

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Bitcoin is changing hands at $78,162 today, with a market capitalization of $1.56 trillion and 24-hour trading volume surging to $54.86 billion. It has swung between $77,642 and $79,130 over the past day—tight, yes, but deceptively charged with indecision. Bitcoin Chart Outlook Bitcoin’s daily chart reveals a market still catching its breath after its recent […] Original

Bitcoin Exchange Reserve Surges, Market Needs Fresh Demand

Key Notes Bitcoin’s 14-day RSI fell into deeply oversold territory. On Feb. 2, holders of 6 to 12-month-old coins transferred about 5,000 BTC to Binance. Miners sent roughly 175,000 BTC to Binance in January. Bitcoin BTC $78 193 24h volatility: 0.9% Market cap: $1.56 T Vol. 24h: $59.48 B recently dropped to $74,000 after failing to hold the November lows, extending a sharp pullback that has weakened short-term momentum. At the time of writing, the cryptocurrency is trading around $78,000 as the market sees a short-term relief. The 14-day Relative…

Crypto Market Up $100B, Bitcoin’s Next Move

Key Notes Crypto market sentiment improves on the backdrop of easing US-India trade tensions and dropping tariffs. White House engagement on the crypto market structure bill has raised hopes of strong progress this month. The next market direction hinges on whether bulls can hold Bitcoin price above the $75,000 support. After the liquidity-driven crypto market crash over the Feb. 1 weekend, the market is showing signs of recovery. Bitcoin BTC $78 278 24h volatility: 1.2% Market cap: $1.56 T Vol. 24h: $61.74 B price is up 4% today, trading around…

XRP Market Structure “Very Similar” To April 2022, Glassnode Says

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As XRP slides below $1.60, on-chain analytics firm Glassnode has highlighted how the current structure is looking similar to that of April 2022. XRP Is Fast Approaching Its Realized Price In a new post on X, Glassnode has talked about where XRP is currently trading with respect to its Realized Price. This on-chain indicator measures the cost basis or acquisition price of the average address on the blockchain. When the spot price of the cryptocurrency is trading above this metric, it means the investors as a whole can be assumed…

Bitcoin analysts debate market outlook amid price decline

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Bitcoin’s recent price decline has prompted renewed discussion among market analysts about the potential for an extended downturn in cryptocurrency markets, according to statements from industry observers. Summary Bloomberg’s Mike McGlone predicts further declines for Bitcoin, comparing current conditions to the 2008 financial crisis. The cryptocurrency’s fundamentals remain strong, according to Dave Weisberger. James Lavish links Bitcoin’s performance to broader trends, and uncertainty about the U.S. economy. Bloomberg senior commodity strategist Mike McGlone has issued a bearish forecast for Bitcoin and other risk assets, comparing current market conditions to the…