Tom Lee says Ethereum can overtake Bitcoin—“flip” it—by playing for dollar-dominance in a world of tokenized assets, even as he remains emphatically bullish on Bitcoin’s monetary role and long-term price. In a podcast exchange …
Bitcoin & Ethereum
Bitcoin price has sharply reversed course after reaching a record high above $126,000 just two weeks ago — and the downturn isn’t letting up. The price has now slipped into the $104,000 range, extending …
- Bitcoin & Ethereum
Credit Market’s ‘Cockroach’ Problem Hits BTC as $1.2B Gets Liquidated: Crypto Daybook Americas
by adminby adminBy Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$105,247.40 slipped below $105,000, wiping out all of its early-week gains, as mounting concerns over credit market stress and a wave of forced liquidations …
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 …
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 …
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 Falls as Short Sellers Pile In, Even as Spot Buyers Step Up
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 …