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“We believe that the underlying strength in BTC represents a systematic shift in the market in anticipation of Trump’s return to office,” QCP Capital traders said in a Friday broadcast. Jumping. (Denny Luan/Unsplash) Bitcoin fell to $88,000 from a peak of $93,000 leading to $120 million in liquidations. The market is now pricing in a 66% chance of a...
Crypto prices continue melting upwards since Donald Trump's election victory as investors reprice digital assets in anticipation of a friendlier government. Bitcoin blasts to $90K (David Mark/Pixabay) Bitcoin briefly hit $90,100 on Coinbase before quickly succumbing to sell pressure. The wild swing in crypto prices liquidated over $900 million of leveraged derivatives trading positions across all digital assets, CoinGlass...
Bitcoin Nears $82K in Bullish Start to Week; Dogecoin Flips USDC. The broad-based CoinDesk 20 (CD20), a liquid index tracking the largest tokens by market capitalization, rose 4.5% in the past 24 hours. Bitcoin surpassed the $81,000 mark, driven by a continuous rally, high trading volumes over the weekend, and bullish futures market activity, with traders betting on further...
Trump's biggest gift to crypto would be the passing of a Bitcoin Act: CoinShares. (Fox News/Modified by CoinDesk) Passing the Bitcoin Act would be a massive tailwind for the industry, the report said. CoinShares said the bill, if adopted, would give bitcoin a similar reserve status as gold. The passage of such legislation would lead to significant governmental and...
Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting. (Hans Eiskonen/Unsplash) Bitcoin jumped to a new all-time high just above $75,000 on crypto exchanges Binance, Coinbase and others in Asian morning hours Wednesday as favorable election results for crypto-friendly...
Bitcoin Pulls Under $68K as Crypto Markets Falter Ahead of Election. At least according to betting markets, the U.S. presidential election has moved to nearly a 50/50 race versus the outlook for an easy Trump victory just days ago. Crypto markets navigate Trump decline and Harris rise in betting markets. (Kevin Dietsch/Getty Images) "Markets hate uncertainty," goes an...
The revised plan to sell only $30 million of WLFI tokens — instead of the originally planned $300 million — suggests Trump may not quickly see a big payday from World Liberty Financial. Donald Trump at BTC 2024 (Danny Nelson/CoinDesk) Donald Trump's crypto business World Liberty Financial slashed its fundraising goal after sales of its WLFI token fell...
Bitcoin open interest reached a new all-time high, and the US BTC ETF holdings soared to $66 billion as BTC rallied to $72,000. Bitcoin open interest reached a new all-time high, and the US BTC ETF holdings soared to $66 billion as BTC rallied to $72,000. Bitcoin BTC $72,247 has witnessed a 5.70% jump over the past two days, reaching a high of...
BTC's best years have been characterized by copper's outperformance relative to gold. Close up of Copper wire (Shutterstock) The widely-tracked copper-to-gold ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. BTC's best years have been characterized by copper's outperformance relative to gold. 00:57 Bitcoin Up 40% YTD But...
The U.S.-based spot funds currently hold about 396,922 bitcoin altogether, with BlackRock’s iShares Bitcoin Trust soon to cross 400,000 in BTC holdings. U.S. spot bitcoin ETFs could soon hold more bitcoin than the founder of the token, Satoshi Nakamoto. (Unsplash) Spot bitcoin exchange-traded funds will soon hold over one million BTC. The funds recorded one of their biggest week of...