XRP Sinks 5% to Lead Crypto Losses as Strong Dollar Rattles Bitcoin Bulls
A stronger dollar historically tends to make dollar-denominated assets like bitcoin and gold expensive, leading to weakened demand in the short term.
Bitcoin
Bitcoin Institutional Adoption Accelerates as ETF Filings Show Investor Appetite
Multiple filings came in yesterday for bitcoin bond ETFs, one being to invest in MicroStrategy convertible securities.
Bitcoin Lull Could Spur Altcoin Rally, With $90K Considered ‘Attractive’ Buying Area
High volatility can be good for option buyers because it increases the chance that the option will be “in-the-money” (profitable) at some point before expiry — creating profit for buyers.
Metaplanet Picks Up Record 620 Bitcoin as XRP Leads Market Slide
The purchase did little to buoy sentiment for bitcoin, which recorded its first seven-day loss since early November.
Could Bitcoin Become DeFi’s Collateral of Choice? Lombard Finance Says So
Lombard Finance aims to produce a yield-bearing bitcoin token, and potentially unleash a new wave of liquidity into the DeFi ecosystem.
What Happened to Bitcoin’s Santa Rally?
Historically, the fourth quarter is the bitcoin’s best; this year it’s underperforming.
Long-Term Bitcoin Holders Have Sold 1M BTC Since September: Van Straten
Bitcoin is at the biggest discount to its record high since the U.S. election.
Dogecoin’s 11% Drop Leads Losses in Crypto Majors as Bitcoin Sours Festive Mood
“We believe the root cause of the morning’s crash to be the market’s overly bullish positioning,” QCP traders said in a Friday note.
El Salvador to Shut or Sell Chivo Crypto Wallet as Part of $3.5B IMF Deal
The country’s concessions include that taxes must be paid in U.S. dollars, not bitcoin, and bitcoin acceptance will be made voluntary in the private sector.
Bitcoin Miner Hut 8 Buys $100M BTC Boosting Total Total Stash to $1B
The miner bought about 968 bitcoin for average price of around $104,258 each.