Three of Japan’s largest banks are reportedly planning to jointly issue a yen-pegged stablecoin, contributing to the region’s growing adoption of crypto technology in its financial infrastructure. Nikkei reported on Friday that Mitsubishi UFJ …
Category:
Bitcoin & Ethereum
In brief The ARK 21Shares Bitcoin ETF (ARKB) recorded $275.2 million in outflows on October 16, its largest single-day exodus since August 1, when the fund shed $327.9 million. Bitcoin ETFs collectively bled $530.9 …
- Bitcoin & Ethereum
Ripple’s (XRP) Price Dump, Ethereum (ETH) Searches for Bottom, and More: Bits Recap Oct 17
by adminby adminXRP, ETH, and SOL bleed out heavily. Is recovery on the way? At the start of the week, Ripple’s XRP attempted to recover from the major crash on October 11, but its price …
Bitcoin BTC$106,803.77 slid under $107,000 in Friday’s Asian session, extending a slow drift lower as macro uncertainty and liquidity stress kept traders cautious across crypto markets. “The rebound on Sunday and Monday did not …
Ethereum could eventually surpass Bitcoin’s market share in a similar manner to how US equities overtook gold 54 years ago, when the US abandoned the gold standard, according to BitMEX chair Tom Lee. “Ethereum …
- Bitcoin & Ethereum
Will Markets Keep Falling When $4.8B Bitcoin Options Expire Today?
by adminby adminAnother Friday has come around, which means another batch of Bitcoin and Ether options contracts are expiring as spot markets remain in reset mode. Around 44,000 Bitcoin options contracts will expire on Friday, …
- Bitcoin & Ethereum
Bitcoin Faces Bearish Pressure Near $111K Support After Failing to Extend All-Time Highs
by adminby adminBitcoin (BTC) is once again testing critical support above $111,000, with traders debating whether the recent pullback marks the start of a deeper correction or a healthy consolidation before the next leg higher. Related …
BitMine’s Chairman, Tom Lee, has shared his perspective on the recent surge of crypto-focused treasury companies and the future of this multi-billion-dollar trend. Related Reading Crypto DATs Bubble Already Burst On Thursday, BitMine’s Chairman …
Bitcoin & Ethereum
Bitcoin Falls as Short Sellers Pile In, Even as Spot Buyers Step Up
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by admin
In brief A short-selling cascade drove Bitcoin down 3.5% to $107,500, on Thursday, adding over $1 billion in bearish bets. The sell-off triggered $724 million in liquidations, with longs accounting for 74% of the …
Gold is up nearly 60% year-to-date, substantially outperforming bitcoin, which, in comparison, is up a paltry 13% – despite all the talk of a bull market. Analysts say that gold isn’t overpriced, despite the …
