First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K
The latest price moves in crypto markets in context for July 17, 2024.
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Rotation Out of Mega-Cap U.S. Stocks Could Provide Tailwind for Cryptocurrencies, Marex Solutions Says
Wall Street investors are deserting mega-cap stocks and piling into small caps amid cooling inflation and strengthening signs of a Fed interest-rate cut.
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Crypto Exchanges Clamping Down on Prime Brokers Is Backwards Step for Market Efficiency, Traders Say
Binance and OKX say closing a loophole that meant crypto prime brokers could offer lower fees is about creating a level playing field. Some trading firms say it’s a backward step for market efficiency.
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Market Maker Flowdesk Doubled Down on the U.S. as Things Looked Bleak. Now That Bet Is Paying Off
Flowdesk’s CEO made a contrarian bet on the U.S. while the SEC was waging war on crypto. Fast forward a year, and the country has bitcoin ETFs, ether ETFs are imminent and pro-crypto legislation is before the Senate.
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XRP Surges 12% on the Back of Triangle Pattern, Rising Futures Bets Favor Bullish Price Moves Ahead
Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders’ expectations of price volatility ahead.
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Deribit’s New Bitcoin, Ether Options Tied to U.S. Elections Get Thumbs Up From Crypto Traders
Traders said these options will help define risk and protect capital from expected volatility in the lead-up to and following the binary event.
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OKX Wallet Hits 100 Protocol Support as It Adds TON Compatibility
There is a growing TON-based economy, using Telegram as a hub, and activity tends to increase when new gamification features are added.
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Ether Spot ETF Inflows Will Push ETH to Beyond $5K: Bitwise
It may not happen immediately and price action could be choppy to start due to outflows from the Grayscale Ethereum Trust, after it converts to an ETF, the report said.
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U.S. Senator Who Called Bitcoin ‘Ideal Choice for Criminals,’ Convicted of Bribery
Menendez’s sentencing has been scheduled for October 29 and he could face decades in prison.
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Standard Chartered-Backed Zodia Markets to Buy Elwood Trading Desk
The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities.