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Traders bet that bitcoin will reach $72,000 by the end of the month
Bitcoin options bets surge for it to hit $72,000 by month-end, coinciding with the Fed meeting.
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Veteran Bitcoin investors recorded their biggest loss of the cycle on July 14: $297.3 million, according to CryptoQuant.
Bitcoin options bets surge for it to hit $72,000 by month-end, coinciding with the Fed meeting.
June CPI and results from JPMorgan, Citi, and Wells Fargo shape the week for Bitcoin, which could fall below $60,000 if inflation rises.
Bitcoin rises 2.7% to $63,700 as the market awaits Fed minutes and US employment data.
Bitcoin surpasses $74,000 after five days of gains, accumulating a 27% rebound in July, well above gold's 8%.