The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 15, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Solana’s SOL Jumps 20% as Investors Turn Bullish, Fears of FTX Sales Wane
The tokens crossed $63, reaching a level previously seen in May 2022. Trading volumes spiked to over $3.5 billion, up more than 70% from average levels of $2 billion each day at the start of November.
DYDX Pumps Ahead of Massive $500M Token Unlock
DYDX, the native token of the newly released eponymous chain and decentralized exchange, has risen by more than 20% in the past 24 hours, just 16 days before more than $500 million worth of the tokens will be released to early investors and core team members.
Bitcoin’s Options Market Has Overtaken Its Futures Market in a Sign of Growing Sophistication
The notional open interest in the global BTC options market stood at $17.5 billion at press time, while open interest in the futures market was $15.84 billion.
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.
Crypto Market Sees Net Capital Inflow for First Time in 17 Months
The 90 day net change in the supply of the top four stablecoins has flipped positive, indicating an inflow of capital into the market.
Crypto Bulls Hit by $300M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum
Tuesday’s sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass data shows.
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.
OMG Token Surges 16% as Vitalik Buterin Hails the ‘Return of Plasma’
OMG, the native token of the OMG Network, surged 16% to a six-month high of $0.77 after Ethereum creator Vitalik Buterin published a blog post on how Plasma, the technology the network is based on, has the potential to reduce transaction fees and improve security.
U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%
In addition to the headline beat, core CPI unexpectedly declined last month.
First Mover Americas: Goldman Leads Blockchain Firm Fnality Raise of $95M
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
GROK Dumps 50% as ‘Scammer’ Links Halts AI-Inspired Token’s Rally
It reached a $160 million capitalization on Monday, amassing over 13,000 holders and trading over $25 million in volume on decentralized exchanges.
Reddit Token MOON Rockets 150% Amid Hopes of Revival
MOON supply will be topped at 83 million tokens and moderators say they will continue to develop tools to help value accrual.
Bitcoin Spot ETFs Will Introduce Crypto to Broader Investor Base: Coinbase
Spot ETFs are likely to lay the foundation for a more regulated market, with greater inclusion and a significant growth in demand, the report said.
FTX Linked Wallets Shift $13.5M SOL as Solana Rally Takes a Breather
SOL prices have risen 150% in the past month, making it the top-performing major cryptocurrency.
XRP Futures Traders Nurse $7M Loss as BlackRock ETF Rumor Causes Wild Price Swings
Prices jumped to 73 cents from 65 cents in a 25-minute period following a viral tweet that suggested financial behemoth BlackRock had filed for an XRP ETF in the U.S.
Solana, Avalanche, Chainlink Tumble 8%-12% as Crypto Rally Cools Amid Fake BlackRock XRP Trust Filing
A fake BlackRock XRP Trust filing roiled the crypto market during U.S. afternoon hours, weighing on altcoins as the crypto rally cooled.
Why is Solana (SOL) price down today?
Despite an 11.3% correction in just two days, SOL maintains a robust position with healthy derivatives markets and on-chain metrics.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
The U.S. government tomorrow will report on October inflation data.
Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares
Ethereum related products witnessed the largest amount of inflows since August 2022.