Market News

Follow the latest financial and economic news, market updates, reports, and analysis on PipVero.

Source: Coindesk News Agency
Yesterday
Cryptocurrency Medium Importance AI Analyzed

Dogecoin leads market rebound with 15% pump, bitcoin steady above $85,000

A wave of forced buying that cost short sellers $844 million has run its course, leaving the largest cryptocurrency flat over the past hour and ZEC the only major token in the red.

Related Symbols 1
Source: Coindesk
Visit Source
Comment
Source: Invezz News Agency
Yesterday
Cryptocurrency Medium Importance AI Analyzed

Bitcoin crushed the shorts on its way to $87K: what happens when that fuel runs out

Bitcoin's explosive move toward $87,000 crushed traders betting against the cryptocurrency, but Tuesday's pullback is setting up the rally's next test. BTC pushed towards $87,300 on Monday before retreating towards $85,800 on Tuesday, after breaking through resistance around $82,000. The move forced hundreds of millions in bearish positions to close, creating automatic buy orders that accelerated the advance. But forced buying is temporary. With leverage rebuilding even as shorts were liquidated, Bitcoin now needs spot investors and ETF flows to prove buyers still exist once the squeeze has run its course.

Related Symbols 1
Source: Invezz
Visit Source
Comment
Source: CNBC News Agency
Yesterday
General Medium Importance AI Analyzed

Oil rises amid worries of growing Iran-U.S. tensions after Bessent issues Iranian airline shutdown warning

U.S. Treasury Secretary Scott Bessent told CNBC that all Iranian airlines will be shut down from Wednesday. Investors are still keeping an eye on a possible diplomatic solution as Iranian President Masoud Pezeshkian is set to fly to the United Nations in New York.

Source: CNBC
Visit Source
Comment