First Mover Americas: BTC’s Drop Below $62K Is the Biggest Single-Day Loss Since FTX’s Collapse
The latest price moves in crypto markets in context for March 20, 2024.
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Nearly $100M Wagered on U.S. Presidential Election on Polymarket
Bettors on the crypto-based prediction market platform see a clear path to victory for Trump, and are bullish on ETH hitting an all-time high in 2024 – just not before SOL.
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Crypto Traders Hedge Bitcoin Rally After 40% Rise in 4 Weeks, Options Data Show
Some traders have started buying puts to protect against a potential correction, according to Greeks.Live.
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Gold Funds See Big Outflows Alongside Rush of Money Into Bitcoin ETFs
Whether the divergence means a migration from gold to bitcoin is a separate question.
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The Protocol: Solana’s Missed Moment, Exclusive Farcaster Q&A, Bullish Year of Dragon
Even in a slow week ahead of the Chinese New Year, there’s a lot of crypto news to cover. Here’s this week’s The Protocol, CoinDesk’s weekly newsletter devoted to blockchain tech.
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Grayscale’s GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch
Bitcoin price pressures have picked up this week as outflows from the Grayscale Bitcoin Trust have topped $1 billion per day.
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Bug on Ethereum’s Nethermind Software Sparks Discussion of ‘Client Diversity’ Risks
The lion’s share of Etheruem’s validators rely on the same piece of software to power their operations. According to some experts, this could be a big risk.
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Bitcoin Developer’s Proposal to Stop ‘Spam’ NFTs Gets Shut Down
Luke Dashjr’s technical proposal sounded innocuous enough: to make the popular Bitcoin Core software “effective with newer datacarrying styles.” In reality, the effort represented a sophisticated but controversial plan to block the suddenly popular “inscriptions” known as “NFTs on Bitcoin.”
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Dogecoin’s 9% Swing Amid Fake Rumor of Mascot’s Death Riles Up Crypto Enthusiasts
The volatile episode came at a time when the crypto industry anxiously awaits a spot bitcoin ETF approval, a landmark for the asset class’ maturation.
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Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts
“Corrections shake out ‘weak hands’ and leverage, allowing for a stronger foundation for eventual moves higher,” said well-followed analyst Will Clemente.