Trading
Bitcoin Under $39K as ETF Debut Continues to Be a ‘Sell-the-News’ Event
BTC was down nearly 5% in the past 24 hours, reaching its lowest level in two months. The CoinDesk 20, a liquid index of the highest tokens by market capitalization, fell 7%.
Solana, Avalanche Tokens Slide as Bitcoin Traders Target Eye Support at $38K
Over half of the profits accumulated by short-term bitcoin holders have been wiped out, Bitfinex analysts said in a Tuesday note.
Solana, Cardano Lead Crypto Market Lower as Traders Grapple With Bitcoin Headwinds
CoinDesk 20, a liquid index of the highest traded tokens, slumped 2.86% in the past 24 hours.
Dogecoin, Floki Bullish Bets Rise on X Payments Speculation
DOGE has the tendency to surge on payments-related developments at any Elon Musk-owned companies, such as X or Tesla. Floki, named after Musk’s dog, moves as a beta bet among midcap traders.
Crypto Bulls Lose $217M Amid Concern About Grayscale Outflows
Bloomberg's Eric Balchunas pointed out that GBTC shares flipped to a 0.9% discount versus net asset value amid "likely due to selling pressure."
Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say
Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.
Arthur Hayes Believes Bitcoin ETFs Could Bring in Billions From TradFi
ETFs could open up a line of trading avenues centred around arbitrage, options and financing, Hayes said.
Bitcoin ETF Approval Is Historic Moment for BTC, Miners: Analysts
Mining stocks represent an attractive opportunity for investors looking to gain access to the long-term bitcoin adoption trade, the analysts wrote.
Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations
Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.
Jim Cramer Now Says Bitcoin Is 'Topping Out'
Cramer’s picks have the tendency to move in the opposite direction he touts.
