btc
Bitcoin Rallies Past $42K; Cristiano Ronaldo Faces Scrutiny Over Binance Endorsement
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including bitcoin's (BTC) price action as the largest cryptocurrency by market cap rallies to its highest level in more than a year. Plus, a closer look at the places and companies benefitting from bitcoin's latest moves. And, soccer star Cristiano Ronaldo faces a $1 billion class-action lawsuit linked to his commercial relationship with crypto exchange Binance.
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.
Bitcoin’s Price Rise to $41K Buoyed by $200M in Weekend Short Liquidations
Overall market capitalization has risen 3% in the past 24 hours to reach a level previously seen in April 2022.
Bitcoin Outlook After Token Rises Roughly 10% in November
"The Crypto Trader" author Glen Goodman discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency rose about 10% for the month of November. Plus, reacting to Binance paying a $4.3 billion fine for violating money transmission laws and U.S. sanctions, and how the major penalty could impact bitcoin's price.
Gauging Spot Bitcoin ETF's Impact on Price Volatility
Some analysts expect bitcoin to mature into a less volatile asset following the introduction of spot ETFs in the U.S, while others say potential "cash creation" structures will increase volatility.
Bitcoin Eyes $40K as $1B in BTC Withdrawals Suggests Bullish Mood
Data shows over $1 billion worth of BTC has been withdrawn from exchanges over the past week.
