The price surge liquidated some $34 million of short positions in the past 24 hours, the most this month, CoinGlass data shows.
GBTC Share Price Soars, Discount Narrows to Multi-Month Low on BlackRock ETF Filing Optimism
Investors turned optimistic about Grayscale allowing redemptions in the future after BlackRock’s filing for spot bitcoin ETF last week, one analyst said.
Cardano’s ADA Paints ‘Death Cross’ Amid Regulatory Uncertainty
Moving average crossovers are lagging Indicators. That said, the latest death cross is consistent with the dour regulatory outlook.
First Mover Americas: Tokenization Might Be a $5T Opportunity: Bernstein
The latest price moves in bitcoin (BTC) and crypto markets in context for June 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation
“The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand,” one analyst said.
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
The risk-off mood is probably the market’s way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
First Mover Asia: Bitcoin ‘Looks Vulnerable’: Analyst
The largest crypto by market value ticked upward to $26.8K as Asia markets opened. ALSO: A Financial Times report Monday raised fresh questions about the appropriateness of crypto exchanges operating market makers.
Why Cathie Wood is bullish on Coinbase stock and believes Bitcoin will reach $1 million
Cathie Wood recently added to her fund’s position in Coinbase Global stock and reiterated her call for a $1 million Bitcoin price. Is this in line with analysts’ expectations?
Price analysis 6/19: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, LTC
The strength in the S&P 500 and weakness in the U.S. Dollar Index could limit the short-term downside in Bitcoin and select altcoins.
Crypto investment products experience outflows for 9th consecutive week
Meanwhile, the altcoin price crash triggered inflows for XRP, Cardano and Polygon.
Fed rate pause triggers traders’ pivot to stocks — Will Bitcoin catch up?
U.S. stock markets hit year-to-date highs, the Fed pauses rate hikes, Binance.US and the SEC reach an agreement, but data shows Bitcoin bulls remain somewhat skittish.
Crypto Investment Products Witness 9th Straight Week of Outflows: CoinShares
Altcoins witnessed inflows totalling $2.4 million, according to the report.
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses
The latest price moves in bitcoin (BTC) and crypto markets in context for June 19, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Could Benefit From These 3 Bullish Tailwinds
The path of least resistance for bitcoin may be on the higher side due to inter-market factors, optimism from BlackRock’s ETF filing and safe haven flows.
Ethereum Layer 2 Network zkSync Era’s Locked Value Surpasses $500M
The total value locked has increased by 12% in one week, according to data source L2Beat.
Meme Coin BOB Tanks 45% After Elon Musk Calls its Twitter Bot Account a ‘Scam’
Musk had previously engaged with the Bob token bot several times, aiding a value rise.
First Mover Asia: Bitcoin Slips Back to $26.3K in Weekend Trading as Investors Weigh Potential Interest Rate Decisions
The largest crypto by market cap benefited from last week’s pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country.
Bitcoin bulls look to re-establish control — Will BNB, LTC, OKB and QNT follow?
Bitcoin price is showing some strength, and charts suggest BNB, LTC, OKB and QNT could follow?
3 key Ethereum price metrics point to growing resistance at the $1,750 level
Ethereum price looks poised for additional downside as low as the $1,560 level.