Crypto Funding Rates Reset After Bitcoin's Sharp Pullback From $69K – CoinDesk
Bitcoin’s (Bitcoin) The overnight rebound from new record highs cleared the market of excess leverage and normalized funding rates in the crypto perpetual futures market. The top cryptocurrency by market capitalization fell 10% to $59,700 after hitting a lifetime high above $69,000. This correction forced the termination of his $1 billion worth of leveraged perpetual […]
Bitcoin Miners Show Muscle Pushing Back Against Warrantless 'Emergency' Order – CoinDesk
Bitcoiners have scored a major victory in their effort to defeat the U.S. Department of Energy’s Bureau of Statistics’ “emergency” Bitcoin mining order. The Energy Information Administration will halt mandatory surveys it had sent to hundreds of miners in favor of proper notice and comment periods required by law, according to court documents. The EIA […]
Crypto Liquidations Cross $550M as Bitcoin Remains Volatile Ahead of Historic Highs – CoinDesk
Cryptocurrency tracking futures, like Bitcoin, have accumulated over $550 million in losses in the past 24 hours (Bitcoin) It soared from the $68,000 level and then fell sharply, creating volatile price action that stunned bulls and bears alike. Bitcoin and Ether (Ethereum) The multi-catalyst euphoria continued into its second week, briefly inching above $68,500 and […]
What Happens if Bitcoin Reaches an All-Time High? – CoinDesk
I don’t need to say anything about Bitcoin (Bitcoin) Tears came out. The first and largest cryptocurrency by market capitalization rose more than 6% in the past 24 hours alone after crossing the psychologically important $65,000 threshold, according to data from CoinDesk Indices. It is now within striking distance of the all-time high of around […]
Shiba Inu Rings Greed Alarm As Bitcoin Eyes Record High – CoinDesk
Excess speculation is increasing in the virtual currency market, suggesting caution against Bitcoin. (Bitcoin) As the top cryptocurrency by market capitalization, bulls are looking to challenge record highs. Notional open interest or dollar value pegged to active perpetual futures contracts associated with the meme cryptocurrency “Shiba Inu” (SHIB) According to CoinGlass, it exceeded $100 million […]
SHIB, WIF Climb 60% as Shorts Lose $50M Betting Against Meme Coins – CoinDesk
Volume in futures trading tracking meme coins continued to rise significantly on Saturday, with bets against the non-severe token losing a cumulative $50 million in the past 24 hours, a sign of irrational exuberance. data from Coinglass represents short sales or bets on dogecoin, shiba inu, pepe, and floki, with over $50 million liquidated on […]
Bitcoin Bulls Target $69K Lifetime Highs Ahead of Halving – CoinDesk
Excitement, institutional buying demand, and historic gains related to Bitcoin (Bitcoin) Some traders say the halving event is putting the asset on track to surpass March’s lifetime high of $69,000. Bitcoin halvings have always been associated with bull markets, with asset prices increasing by hundreds of percent in the months following previous events. Halvings occur […]
Bitcoin Shorts Lose $150M As BTC Poised for ‘Tremendous Upside’ – CoinDesk
Leveraged bets against Bitcoin (BTC) have lost more than $150 million in the past 24 hours, with the price rising 10% to record its biggest single-day gain since October, with solid new bullish momentum This spurred calls for market prices. Bitcoin briefly breached the $57,000 level early Tuesday, the highest since November 2021, due to […]
Ether's Bitcoin Beating Rally Not Just Because of Potential ETF Approval: Bernstein – CoinDesk
ether (Ethereum)the world’s second-largest cryptocurrency has surpassed its larger rival Bitcoin (Bitcoin), up 33% year-to-date. This rally is Possibility of approval In a research note on Monday, broker Bernstein said of spot exchange-traded fund (ETF) investment amounts. First, Ether supply is deflationary and has not increased since the advent of the Ethereum blockchain. shift The […]
Bitcoin Favored in Human Trafficking, Child Exploitation: FinCEN Report – CoinDesk
A few years ago, Bitcoin (Bitcoin) It has become a popular means of conducting illegal trade to support a burgeoning global business in smuggling and human exploitation, according to the report. Analysis released Tuesday According to the U.S. Department of the Treasury. According to a trends report released by the Treasury Department, government filings from […]