The last week of March is shaping up to be a volatile one, with the FTX Recovery Trust set to distribute $2.2 billion to creditors on Tuesday and the key US monthly non-farm payrolls statistics due on Friday, when many stock markets worldwide will be closed on Good Friday. The war in the Middle East, […]
Bitcoin edges up to $67k with Iran war escalation in focus
Bitcoin edges up to $67k with Iran war escalation in focus Read More »
Bitcoin BTC$67,322.12 the market has been stuck in a rut for over a month, and investors chasing yield may be partly to blame. Since mid-February, BTC has been trading in a range centered around $70,000. Some observers say countervailing forces have been at play. The Iran war-led haven demand has supported BTC around $65,000, while
Here’s why BTC is stuck in a rut Read More »
Hyperliquid is decentralized, but geography still matters, as new research from Glassnode shows that traders closer to its infrastructure have a clear speed advantage. Trades from Tokyo-based users can reach the protocol’s validators in as little as 2 to 3 milliseconds. That’s far better latency than European users, who face delays in excess of 200
Hyperliquid traders in Tokyo get a 200 millisecond head start, Glassnode’s study shows Read More »
The war just got bigger. Bitcoin briefly got smaller. Bitcoin dipped to $65,112 early Monday morning, its lowest level since the February crash, before reversing to $67,402 as Asian markets opened. The 24-hour range of $65,112 to $67,389 reflects a market that sold hard on escalation headlines overnight and found buyers near $65,000, a level
Bitcoin Recovers to $67,400 After Falling Below $65,200 as Houthis Enter Iran War Read More »
When a tourist from Bangkok taps to pay in Singapore using their Thai e-wallet, few stop to consider what is driving this transaction. But for Singapore-based StraitsX, the company behind the stablecoin infrastructure that runs in the background, the seamless experience is exactly the point. Between the fourth quarter of 2024 and the same period
Stablecoin payments go ‘invisible’ in Southeast Asia as crypto card business takes off Read More »
Strategy (MSTR), the largest publicly traded holder of bitcoin, did not appear to have increased its BTC position last week. Executive Chairman Michael Saylor usually signals upcoming purchase X every Sunday, followed by a detailed update around 6 p.m. 8 ET Monday. There was no usual Sunday “Orange Dot” post to signal a buy. Instead,
MSTR may have paused its BTC accumulation last week Read More »
Industry representatives saw the crypto market structure the bill’s proposed dividend language on March 23 and 24. The internet – at least X (formerly Twitter) – was unhappy, but that might not matter much. You’re reading State of Crypto, a CoinDesk newsletter that looks at the intersection of cryptocurrency and government. Click here to sign
No one is 100% happy with the stablecoin dividend agreement: State of Crypto Read More »
Yes, you read the title correctly. The number of bullish bitcoin BTC$66,212.23 stakes, the so-called BTC/USD long positions, on the OG exchange Bitfinex have hit multi-month highs. But bulls, brace yourselves as this metric has become a textbook “contrarian indicator” over the years, with recoveries characterizing bitcoin’s price decline. Highest since 2023 The number of
Bullish Bet on Bitfinex Rise Read More »
A “180” hardly does justice to the recent shift in market expectations for central banks’ monetary policy. With expectations of more interest rate cuts from the Federal Reserve in 2026 just a few weeks ago, markets have begun pricing in rate hikes this year in earnest. The current pricing on the CME FedWatch Tool shows
Here’s why traders are pricing in a rate hike and how it affects bitcoin Read More »
