Bitcoin crashed to a daily low of $49,577 yesterday and could be on the brink of a death cross, a pattern that has historically spooked traders and stirred up a storm of pessimism. This ominous-sounding phenomenon in technical analysis occurs when the 50-day simple moving average (SMA) dips below the 200-day SMA, indicating that short-term momentum is lagging behind the…
Despite a severe market downturn, the world keeps turning, the show must go on, and I must still attend the Asian Blockchain Summit (ABS). It’s been quite interesting so far. Crypto Market Turmoil Doesn’t Extinguish Enthusiasm at ABS As I flew to Taipei to attend the Asia Blockchain Summit (ABS), traditional markets and the crypto […] Source: https://news.bitcoin.com/asia-blockchain-summit-2024-day-one-initial-thoughts/
On Tuesday, following a sharp downturn the day before, the top five U.S. benchmark indices made a recovery. However, Airbnb, the prominent vacation rental company, reported that it does not foresee a strong third quarter due to a slowdown in demand, driven by ongoing economic concerns. Meanwhile, Danielle DiMartino Booth, a former advisor at the […] Source: https://news.bitcoin.com/ex-fed-advisor-suggests-us-is-already-in-a-recession-as-airbnb-cautions-on-economic-slowdown/
The organization was apparently formed the same day Kamala Harris announced her running mate, Minnesota Governor Tim Walz. Source: https://cointelegraph.com/news/crypto-kamala-harris-support-mark-cuban?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The cryptocurrency market is broadly in the green Tuesday, much to the relief of traders who saw major assets plunge by 20% or more from late Sunday into Monday as liquidations piled up. But amid the rebound, it’s not Bitcoin or Ethereum that’s leading the charge—it’s a crypto gaming token. Specifically, it’s Notcoin (NOT), the token of the Telegram-based game…
Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too. Source: https://cointelegraph.com/news/nasdaq-options-spot-ethereum-etfs-filing?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A survey by law firm Barnes & Thornburg found that 59% of US private investors are more likely to invest in crypto funds over the next 12 months. Source: https://cointelegraph.com/news/us-private-investors-predict-surge-crypto-investments-2024-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A measure of Bitcoin’s intraday volatility spiked Monday to its highest levels since crypto exchange FTX’s collapse in 2022, as the asset’s price saw its most intense price swings in around 20 months. Bitcoin’s so-called high-low spread popped to 19% amid a global market selloff, according to K33 Research analysts Vetle Lunde and David Zimmerman. “Yesterday’s market activity was frantic…
Crypto traders have been on interim rules since March 2021, and it’s time to finalize membership in the securities industry’s self-regulatory organization. Source: https://cointelegraph.com/news/canadian-crypto-trading-platforms-must-finalize-ciro-membership?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Hedge funds and institutional traders are aggressively buying back into cryptocurrency call options following one of the most significant sell-offs of bullish positions this year. This renewed interest comes after a weekend liquidation event that saw about $1.1 billion wiped out from crypto bets. On August 4, Bitcoin fell as much as 17% and Ether lost over 20% of its…
