Bitcoin (BTC) has surged 7% in the past hour, crossing $92,000 after Donald Trump announced a crypto strategic reserve. The price is now up 15% from recent lows of $78,000.
Data indicates this rally is driven by spot demand rather than speculation, signaling a healthy, organic move. Spot Cumulative Volume Delta (CVD) shows buyers as the aggressors, with over $200 million in spot inflows in the past hour. Meanwhile, futures open interest has declined, reinforcing that this surge is fueled by real buying rather than leveraged speculation.
Read more: Bitcoin Jumps Above $91K After Trump’s U.S. Crypto Reserve News Brings Bulls Back
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
September inflation came in above forecasts and the selloff in AI stocks picked up speed,…
Bets on an October Fed rate hike briefly spiked to nearly 50% after Wednesday’s inflation…
Computing power directed at Binance Pool has fallen from 26 EH/s in December to about…
Ether accounted for nearly 60% of the forced closures across the two largest cryptocurrencies, falling…
Bitcoin Magazine Standard Chartered Debuts Bitcoin Trading For Wealthy UAE Clients British multinational Standard Chartered…
Post ContentRead MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]