Coinbase, MicroStrategy Jump in Premarket Trading as Bitcoin Rallies
Bitcoin is trading at levels previously seen in April 2022, shrugging off a tough year marked by several implosions and regulatory clampdowns.
Bitcoin is trading at levels previously seen in April 2022, shrugging off a tough year marked by several implosions and regulatory clampdowns.
Numbers from the exchange show institutional traders largely ignored alternative cryptocurrencies in favor of perceived “safe” assets.
The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.
Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022.
The new sub-custody network is designed to give institutions around the world easy access to safe crypto storage and settlement.
Ethereum also rose past $2,200 for the first time in months.
A federal judge threatened to sanction the SEC’s lawyers after their “false” arguments prompted a court to impose a temporary restraining order on crypto firm Debt Box.
The suit alleges that Ronaldo “promoted, assisted in, and/or actively participated in the offer and sale of unregistered securities in coordination with Binance.”
Tokens in the DeFi and Culture & Entertainment sector indexes gained 39%-42% over the past month, showcasing the widening breadth of the crypto rally.
Tokens like GFY, TRUCK and GROK tied to Musk’s products and recent statements have popped up on Ethereum and other blockchains.