Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says
The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.
The crypto market faces the U.S. tax season liquidity test around the time the Bitcoin blockchain implements the fourth mining-reward halving on April 20.
Rapidly expanding stablecoin supply shows that “fiat money is being moved into crypto at an accelerated pace,” 10x Research’s Markus Thielen said.
Brad Garlinghouse highlighted several macroeconomic factors behind the potential growth of the total crypto market value.
Eigenlayer has a 66% chance of sending users free tokens by June 30, the odds on Polymarket signal. Plus: Kalshi lands a big Wall Street account.
Options implied volatility is overpricing the event, Amberdata’s Greg Magadini said.
Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.
The share of crypto derivatives in total market activity slipped to 67.8% in March, according to CCData.
Crypto’s high yield structured product sector is getting a bit more mature.
The token will be “100% backed by U.S. dollar deposits, short-term U.S. government Treasuries and other cash equivalents.” according to the company.
Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.