Bitcoin bounced back strongly in Asia on Friday after a new wave of selling briefly pushed the token towards $60,000, extending a brutal slide that has now sent the world’s biggest cryptocurrency more than 50% below its October peak. BTC fell as much as 4.8% to around $60,033 during the late US hours before falling […]
Bitcoin rises to $65,000 after $700 million in early Friday liquidation Read More »
Jefferies says the recent crypto selloff shows little sign of an imminent bottom, even as bitcoin and ether hover near levels that have historically drawn dive buyers. In a research note this week, the bank described the downturn as a liquidity-driven correction rather than a collapse in blockchain activity, pointing instead to continued network usage
Jefferies sees few signs of a BTC bottom, but is bullish on tokens with fundamentals Read More »
Bitcoin’s plunge to nearly $60,000 on Thursday, down nearly 30% over 7 days, has led traders on X to begin floating theories that the sell-off was not purely macro or risk-off, but various reasons contributed to the asset’s worst one-day performance since the 2022 FTX crash. Flood, a prominent crypto trader, called it in an
Has a Hidden Hedge Fund Exploded Behind Bitcoin’s Crash to $60,000? Read More »
Sentiment in the crypto market sank to its gloomiest level since the FTX collapse after bitcoin’s sharp decline this week dragged prices across the board and forced a wave of deleveraging. The widely followed Crypto Fear and Greed Index fell to 9 on Friday, a reading categorized as “extreme fear” and one that has historically
Crypto sentiment gauge hits FTX-era lows as ‘extreme fear’ hits 9 Read More »
Talk about crazy trading. On Thursday, BlackRock’s spot Bitcoin exchange-traded fund, ticked as IBIT, hit a wild record with over 284 million shares traded, as of Nasdaq data. That’s a whopping $10 billion plus in face value. To put that into perspective, it smashed the old record of 169.21 million shares from November 21st by
BlackRock’s bitcoin ETF (IBIT) hits $10 billion volume record, suggesting capitulation Read More »
Bitcoin miner MARA moved 1,318 BTC worth about $86.89 million to a mix of counterparties and custodians over the past 10 hours, onchain data tracked by Arkham shows. The largest portion went to Two Prime. One transfer sent 653,773 BTC, about $42.01 million, to a Two Prime-branded address, along with a smaller 8,999 BTC charge
Bitcoin miner MARA moves $87 million BTC to various trading desks and exchanges Read More »
A US advisory urging US citizens to “leave Iran now” is circulating online again, adding another layer of headline risk to a crypto market already reeling from high volatility and forced liquidations. 🚨BREAKING: The US governments are telling their citizens to leave IRAN IMMEDIATELY. Could this be why the markets nuked today? Are we going
US advisory on Iran resurfaces ahead of nuclear talks Read More »
Bitcoin’s Wall Street-like fear gauge has surged to its highest level since the 2022 FTX exchange collapse, signaling intense market panic as prices fell to nearly $60,000. Volmex’s bitcoin volatility index (BVIV), which represents the annual expected price turbulence over four weeks, jumped to nearly 100% from 56% on Thursday. The index acts as a
Bitcoin Volatility Rises to Highest Since FTX Collapse as Prices Crater to Near $60,000 Read More »
Good morning, Asia. Here’s what’s making news in the markets: Welcome to the Asia Morning Briefing, a daily overview of top stories in US hours and an overview of market movements and analysis. For a detailed overview of US markets, see CoinDesk’s Crypto Diary Americas. The market has been asking if bitcoin is losing to
Tether, issuer of the world’s most popular stablecoin USDT$0.9985has acquired a $150 million minority stake in Gold.com (GOLD), ramping up its push into the gold market as the yellow metal gains traction with investors seeking stability in volatile times. The investment, announced Thursday in a blog post, gives Tether a 12% stake in Gold.com, a
