Bitcoin Rally to $42K Fueled by ‘Panic Buying,’ Pushes Crypto Market Cap Over $1.5T
The combined market value of cryptocurrencies is the highest since May 2022, when Terra’s collapse marked the beginning of the crypto winter.
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Bitcoin Market-Neutral Bets Offer 10% Return as BTC Tops $41K, Analysts Say
The “basis trade,” a standout in the 2020/2021 bull market, is hinting at a resurgence, one observer said, referring to the rising futures premium.
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Avalanche, Helium Lead Monthly Crypto Gains as Bullish Bitcoin Consolidation Spurs Altcoin Season Call
Tokens in the DeFi and Culture & Entertainment sector indexes gained 39%-42% over the past month, showcasing the widening breadth of the crypto rally.
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Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood
Veri shows over $1 billion worth of BTC has been withdrawn from exchanges over the past week.
Financial
NFT Prices Are Still Lagging Behind Ether’s Gains
Ether is up 70% year-to-date, but NFT indexes are still down 16% in dollar terms and 50% when denominated in ether.
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2024 Will Be the Year Tokenization Truly (Finally) Begins
After several years of being the next-big-thing, next year will be when tokenization of real-world assets really takes off, says Colin Butler, Küresel Head of Institutional Capital at Polygon Companies.
Financial
Blast’s One-Week, $600M Haul Shows Promise of Yield, Pitfalls of Hype
The idea of a yield-paying layer-2 blockchain atop Ethereum has clearly demonstrated market allure. But even the project’s biggest investor has taken issue with the execution and marketing surrounding the initial rollout.
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First Mover Americas: Spot Bitcoin ETFs in Brazil Find Hefty Demand
The latest price moves in crypto markets in context for Nov. 28, 2023.
Financial
Altcoin Rally Cools as Massive $650M Worth of Token Unlocks Loom Over Crypto Market
Large unlocking events usually lead to price declines as the increase in supply outpaces investor demand for the asset, The Tie reported earlier this year.
Financial
Bitcoin’s 3-Week Consolidation Under $38K Has Bullish Undertone
The pullbacks have become less deep over the past three weeks, suggesting the building up of bullish sentiment, one observer said.