South Korean Investors Prefer Altcoins to Majors, Tron to Ethereum: DeSpread Research
Koreans trade differently to the rest of the world, market veri shows.
Koreans trade differently to the rest of the world, market veri shows.
Options worth $4.5 billion are set to expire on Friday, Deribit told CoinDesk.
Dogecoin and PEPE gained 5%-6% on Thursday, fading the action in a mostly lower cryptocurrency market.
More than 155,000 wallets now hold the popular memecoin.
Early Thursday, a large leveraged short position in USD/JPY pair worth $8.26 million crossed the tape on Gains Network.
“GBTC is the gift that keeps giving,” one observer said.
Bitcoin’s bullish momentum could prove a harbinger of an altcoin rally, one analyst noted.
Growth among most crypto majors seemed to lull as traders likely took profits on gains since the start of this week.
The index, coupled with an overbought reading on the RSI indicator, suggests bitcoin’s bull run might take a breather.
The company also said it tokenized an abrdn market fund in euros, pounds and dollars and has a pipeline of several hundred million dollars to be held in the fund.