Bitcoin BTC$86,849.50 has spent virtually all of December locked between $85,000 and $90,000, while U.S. equities rallied and gold hit all-time highs. That’s left bitcoin investors frustrated, and the explanation lies in derivatives mechanics. Now, those same mechanics indicate that the largest cryptocurrency could be making a break toward the high end of the range….
Dogecoin slipped under the $0.13 level Tuesday as heavy spot selling coincided with a sharp jump in derivatives activity, suggesting traders are positioning for wider swings rather than an immediate rebound. News background BitMEX reported Dogecoin futures volume surging 53,000% to $260 million as traders ramped up exposure into the move, a sign that volatility…
Gold is making fresh highs while bitcoin is struggling to hold key levels, reopening a debate crypto investors never fully settled. If bitcoin is supposed to be digital gold, this is the kind of tape it is meant to win. Right now, it is not. The question is getting louder because gold is rallying on…
Bitcoin and major tokens slipped Wednesday as the total crypto market value fell 1.4% to $2.97 trillion, dropping back below the $3 trillion level after another failed attempt to sustain a rebound. Bitcoin traded around $86,900, failing to sustain a break above $90,000 for the third time in as many days, while ether slid 1.5%…
Upexi (UPXI), a Nasdaq-listed crypto treasury firm focused on solana SOL$124.15, filed to raise as much as $1 billion in a shelf registration with the U.S. Securities and Exchange Commission (SEC), The move gives the company the flexibility to raise capital by selling common stock, preferred shares, debt instruments, warrants or units in one or…
APT declined on heavy volume as the CoinDesk 20 index fell 2.8%. Source link
Russia’s central bank laid out a proposed framework that would legalize and regulate cryptocurrency trading for both individuals and institutions, continuing its softening stance toward cryptocurrencies. However, it continues to caution that investing in crypto carries risks, including potential losses. “They are not issued or guaranteed by any jurisdiction and are subject to increased volatility…
As fears mount that the artificial intelligence (AI) bubble has popped, Wall Street dealmaking is being kept alive by a fundamental problem: bitcoin BTC$87,650.10 miners and data center developers still require serious amounts of power. “M&A work is still ongoing as people still need power,” said Joe Nardini, head of investment banking at B. Riley…
JPMorgan’s (JPM) reported plan to offer crypto trading to institutional clients could reshape the competitive landscape, but not necessarily at the expense of its rivals. According to analysts, the Wall Street giant’s entrance may benefit existing players like Coinbase (COIN), Bullish (BLSH), and Galaxy Digital (GLXY) even as it signals stiffer competition ahead. “If JPMorgan…
Bitcoin BTC$87,475.61 has disappointed investors this year, trailing both gold and the tech-heavy Nasdaq 100 stock index, despite expectations that it would benefit from fiat currency devaluation. But according to a VanEck manager, the largest crypto asset could be setting up for a major comeback next year. “Bitcoin is lagging the Nasdaq 100 Index by…