Bitcoins BTC$68,720.34 slide to around $60,000 earlier this month looked familiar, not to gold rushers but to tech investors, crypto asset manager Grayscale said in a Monday report. As high-growth software stocks sold off, bitcoin fell to near lockstep, reinforcing the view that the world’s largest cryptocurrency is currently trading more like a new technology […]
BTC trades like a tech stock with failing growth Read More »
Jump Trading plans to take a small stake in each of prediction market platforms Kalshi and Polymarket, Bloomberg reported on Monday, citing people with knowledge of the matter. The trading power center, which has a significant focus on cryptocurrency, will win the stake in exchange for providing liquidity on the two platforms. Jump is set
Jump Trading to Take Small Stocks in Prediction Markets Polymarket, Kalshi: Bloomberg Read More »
Bitcoin BTC$68,747.00 struggling to regain a foothold above $70,000 as altcoins outperform. The largest cryptocurrency is little changed over 24 hours, while the broader CoinDesk 20 (CD20) index rose 0.40% even as ether ETH$2,000.64 declined. Memecoins lead the gainers, with the CoinDesk Memecoin Index (CDMEME) adding 1.5% as PIPPIN surged 46%. Tokens linked to artificial
A federal judge in California sentenced in absentia a dual citizen from China and St. Kitts and Nevis to 20 years in prison for its role in a $73 million international crypto scam. Daren Li, who is on the run after removing an electronic ankle monitoring device in December, was also handed three years of
Fugitive Daren Li Sentenced to 20 Years in US Prison for $73M International Crypto Fraud Read More »
Institutional crypto exchange provider LMAX Group has unveiled Omnia Exchange, designed to allow users to seamlessly convert FX, crypto, stablecoins and other digital assets on one platform, the company said on Tuesday. Described as a “single multi-asset infrastructure layer,” Omnia allows users to trade any asset directly against any other 24/7, without size or type
LMAX unveils new exchange to break down the wall between crypto and currency Read More »
About a week ago, bitcoin BTC$69,164.00 fell more than 10% in a day to around $60,000 before rising to $70,000 in recent days. The question is, did the slide mark “capitulation” as holders panic-sold at losses, fending off bearish pressure and setting the stage for another bull run? The futures market is saying no, suggesting
I’m not sure we’ve hit a true capitulation in bitcoin, derivatives experts say Read More »
When markets get tough, as crypto did in late January, investment firms need all the help they can get to make the right decisions quickly. It is therefore not surprising that many are turning to AI, the shiniest new weapon in the arsenal, to analyze and suggest ways to minimize losses and even make money.
AI is no savior when markets get tough… but it can help, says Nickel Digital boss Read More »
For the first time in nearly a month, US bitcoin exchange-traded funds (ETFs) recorded back-to-back net inflows, snapping a redemption streak that stretched back to mid-January. According to SoSo value data, the consecutive inflow shift began on Friday with $471.1 million in fresh capital, followed by $144.9 million on Monday. This comes as bitcoin rebounded
US BTC ETFs record back-to-back inflows for first time in a month Read More »
Bitcoins BTC$69,760.35 sharp recovery from last week’s plunge towards $60,000 has been accompanied by a subtle but important shift in a closely watched indicator of US demand. The Coinbase Bitcoin Premium Index — which tracks the price difference between bitcoin traded on Coinbase and the global market average — has rebounded sharply from deep negative
Bitcoin’s US demand signal flickers back after crash Read More »
Bitcoins BTC$69,320.81 the rebound from last week’s sales is already running into a wall. After briefly slipping into the low-$60,000s in a capitulation-like move last week, the largest cryptocurrency rallied back toward the $70,000 level over the weekend, but momentum has since faded. That stall has traders reframing the rejection as a classic bear market
BTC faces new resistance near $71,000 Read More »
