First Mover Americas: Bitcoin Trades Below $65K Following Wednesday’s Drop
The latest price moves in crypto markets in context for July 18, 2024.
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Financial
Bitcoin Dips Below $64K as U.S. Equity Selloff Stalls Crypto Rebound
A stock market correction is the biggest risk for the crypto market, but a renewed downturn would be a buying opportunity, an LMAX Group strategist said.
Financial
First Mover Americas: Bitcoin Bulls Eye $70K After Return to $66K
The latest price moves in crypto markets in context for July 17, 2024.
Financial
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.
Financial
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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Bitcoin Hits $65K Shaking Off Mt. Gox Payout Worries; XRP Leads Crypto Rally
The Mt. Gox distribution will not end the bullish trend, CryptoQuant’s CEO noted.
Financial
Meme Coins Outperform BTC, ETH and SOL as Traders Rotate Holdings
The $53 billion göğüs coin sector rose by more than 12% on Tuesday with the likes of pepe (PEPE) and dogwifhat (WIF) surging by 22% and 25% respectively, veri from CoinGecko shows.
Financial
Ether Hedging Activity Picks Up as U.S. ETF Debut Nears
Investors’ focus on ether is evident from ETH’s sustained volatility premium over BTC.
Financial
Trump’s Odds of Victory Hit All-Time High on Polymarket After Shooting
The former president, who was injured at a rally in Pennsylvania on Saturday, now has a 70% chance of retaking the White House, according to traders on the crypto-based prediction market. Trump-themed Polifi tokens and crypto broadly also rose.
Financial
XRP is the Sole Major in Green as Bitcoin Bulls Remain Sidelined
Some traders consider the current price lull to be stemming from market participants remaining “on the sidelines” amid sales pressure from defunct exchange Mt. Gox and the German state of Saxony.