While futures have flipped into premium, the “term structure” remains in backwardation, signaling caution among institutions.
Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech
“There is much interest in whether Chair Powell, who speaks at a Riksbank event, uses the opportunity to underscore the December minutes, which pushed back against the easing of financial conditions,” one observer said.
Poor Bitcoin Market Liquidity Keeps Crypto Whales at Bay
Poor liquidity means large buy and sell orders can significantly impact the cryptocurrency’s price.
The Ether Trade That Made the Most Noise Last Week
An investor placed a large buy order for bearish put options tied to ether, seeking protection against an extended price slide to below $400 by the end of June.
Case for Bitcoin Weakens as Global Stockpile of Sub-Zero Bond Yields Vanishes
Back in late 2020, analysts regularly cited the towering stockpile of negative-yielding debt as a source of bullish momentum for bitcoin.
Bitcoin, Ether Options Market See Mixed Flow Ahead of US Nonfarm Payrolls
Some traders have been buying downside protection in bitcoin and ether, while others building strategies that profit from a big move in either direction, experts told CoinDesk.
Marex Solutions Issues Coinbase-Linked Structured Product Offering a 40% Coupon
Many investors expect the crypto exchange to gain market share in the wake of rival FTX’s collapse and prefer to express their view via structured products that offer enhanced coupon with downside protection, Marex Solutions’ Ilan Solot said.
Ether-Bitcoin Ratio On a Bullish Path After Triangle Breakout, Trader Says
We could see a bears in disbelief rally in ether in coming weeks, Decentral Park’s Lewis Harland said.
A Dose of ‘Hopium’ for Bitcoin Bulls From 1970s
U.S. inflation has slowed, echoing the late 1974 peak that presaged a rebound in the S&P 500, a benchmark for risk assets, including cryptocurrencies.
Ethereum’s Impending Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher
Ethereum’s Shanghai upgrade is set to de-risk ether staking by allowing ETH withdrawals. That’s likely to pave the way for widespread adoption of liquid staking solutions.
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Users can now view and download the old and new reserve ratios and assess the exchange’s health and the safety of their assets.
Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin
Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency’s ultra-low historical or realized price volatility.
Bitcoin Is Leading Indicator for S&P 500, Past Data Show
The cryptocurrency tends to bottom out weeks ahead of the S&P 500, research by Delphi Digital shows.
Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin
USDN, the algorithmic stablecoin of the Waves ecosystem, fell as low as $0.53 early Tuesday.
Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise
The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yield to 0.5% from 0.25%, finally ending the prolonged period of near-zero yields.
Crypto Options Market Has Become More ‘Interdealer’ Since FTX’s Blowup: Paradigm
Market makers’ share of crypto options trading volume settled through OTC tech platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence.
Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients; S&P Futures Drop
Bitcoin outperformed ether and BNB as Mazar’s decision to suspend crypto audit work and Binance fears weighed over the crypto market.
Bitcoin Few Weeks Away From Its First Weekly Chart ‘Death Cross’
Bitcoin has never seen a death cross on its weekly chart before and the ominous-sounding indicator has a bad reputation of trapping sellers on the wrong side in traditional markets.
Perplexing Tranquility? Bitcoin’s Implied Volatility Hits Lowest Since October 2020
Bitcoin’s volatility will continue to drop as the economic backdrop improves and the market becomes resilient to the negative FTX headlines, one observer said.
Telegram’s No-SIM Signup Feature Helps Toncoin Rally, Bitcoin Also Higher
Telegram users can purchase blockchain-based identities by paying Toncoin and bypass the need to use a SIM card to apply for the service as previously required.