Bitcoin Tentative, Asian Stocks Slide on BOJ Rate Hike Talks
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
The increased network activity is benefitting ether investors by burning the token’s supply at a faster pace, but it has also made Ethereum “unusable” for many due to sky-high transaction costs, IntoTheBlock analysts noted.
The world’s largest crypto has risen about 60% in just the two months since the opening of the spot bitcoin ETFs.
The market-wide resetting of funding rates means potential for a more long-lasting move to record highs in bitcoin.
From Coinbase to Reuters and CoinDesk, there’s disagreement over BTC’s price.
More than $84 million of derivatives have been liquidated in the past four hours, mostly long positions.
The so-called wealth effect from unrealized crypto-market gains, which is estimated to be stronger than stocks, could boost consumer spending and inject demand-pull inflation into the U.S. economy.
Memecoin futures took on nearly $90 million in liquidations as prices corrected after a massive rally in the past week.
The surging implied volatility has boosted the allure of “call overwriting” strategies that allow investors to generate additional yield on top of their spot market holdings.
The cryptocurrency hit an all-time high against the euro on Monday and is nearing a record in U.S. dollar terms.