Bitcoin Still Flat Even as Whales Stack and Stocks Rally
2025-06-30 16:45:32
Main Idea
Bitcoin's price remains stagnant despite stock market rallies and increased accumulation by large holders (whales), with mixed market indicators and low volatility.
Key Points
1. The S&P 500 and Nasdaq closed at all-time highs, while Bitcoin traded in a tight range between $106,759.65 and $108,798.79, dipping slightly by 0.65%.
2. Bitcoin's trading volume rose 25.4% to $39.8 billion, largely due to post-weekend activity, while market capitalization increased 0.74% to $2.12 trillion.
3. Futures open interest fell 2.17% to $71.92 billion, indicating reduced leveraged speculation, and liquidation data showed $47.19 million in total, mostly from short positions.
4. Bitcoin's dominance in the crypto market edged up 0.07% to 65.41%, reflecting its relative stability compared to other assets.
5. Despite short-term stagnation, Bitcoin's price is still up 5.33% over the past seven days.
Description
Stock markets closed at record highs on Friday and institutions went on a bitcoin buying frenzy, but the cryptocurrency’s price hasn’t seen any significant upswings. Stocks Climb, Whales Stack, So Why Is Bitcoin Stuck in Neutral? Both the S&P 500 and the Nasdaq closed at all-time highs on Friday. Today, the Dow is up by
Latest News
- Russian Defense Conglomerate Rostec to Adopt Ruble Stablecoin for Secure Transactions2025-07-04 11:46:36
- WOW Summit 2025 Returns to Hong Kong, Uniting Global Tech Titans to Shape the Future of Web3 and AI2025-07-04 11:15:41
- Adecoagro Partners With Tether to Pioneer Renewable Energy Use for Bitcoin Mining in Brazil2025-07-04 10:43:51
- Top Online Formula 1 Betting Sites with Bitcoin in 2025 [Bet on the British Grand Prix!]2025-07-04 10:12:48
- Digital Currency Showdown: Chinese Tech Giants Plot Yuan Stablecoin Strike Against the Dollar2025-07-04 09:40:43