Markets
Bitcoin’s Rally to $28K Spurred by Largest Short Squeeze This Month
The price surge liquidated some $36.6 million of short positions in the past 24 hours, the most this month, CoinGlass data shows.
First Mover Americas: Tokenization Might Be a $5T Opportunity: Bernstein
The latest price moves in crypto markets in context for June 20, 2023.
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation
"The market appears to be in a period of quiet accumulation, which suggests an undercurrent of demand," one analyst said.
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
The push for revised margin trading caps aims to attract diverse traders, including institutional investors, while enhancing market liquidity.
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse Losses
The latest price moves in crypto markets in context for June 19, 2023.
Bitcoin Could Benefit From These 3 Bullish Tailwinds
The path of least resistance for bitcoin may be on the higher side due to inter-market factors, optimism from BlackRock's ETF filing and safe haven flows.
Ethereum Layer 2 Network zkSync Era's Locked Value Surpasses $500M
The total value locked has increased by 12% in one week, according to data source L2Beat.
Inverse Correlations, FOMC Action, and a Possible Spot Bitcoin Trust
Bitcoin and ether end the week higher, following the announcement of BlackRock’s Bitcoin trust application.
GBTC Discount Narrows After BlackRock’s Filing for Spot Bitcoin ETF
Fund manager Grayscale is currently in a legal standoff with the SEC after the agency denied an application to convert the Grayscale Bitcoin Trust (GBTC) into an exchange-traded fund.
