Bitcoin Braces For $50 Billion Influx, Bitwise CEO Says
Bitcoin (BTC) enthusiasts and investors have their eyes fixed on the potential launch of a spot Bitcoin exchange-traded fund (ETF), eagerly awaiting
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Braces
Crypto industry braces for impact with Silvergate exit
Silvergate is not a systematic risk for the United States banking system, but it could have a significant impact on the crypto markets, multiple sources told Cointelegraph. These may include increasing banking concentration in a few partners and challenges for venture capital firms seeking to establish banking relationships in the
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CME Group premiers ETH futures options trading as the world braces for The Merge
Derivatives marketplace Chicago Mercantile Exchange Group (CME Group) announced the launch of options trading for its Ether (ETH) futures products Monday — the same week as the expected Ethereum merge.The launch of the new futures contract is “well timed,” CME Group global head of equity and FX products Tim McCourt
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Bitcoin braces for US inflation data as CPI nerves halt BTC price gains
Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Market "could get ugly" if CPI keeps risingData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most
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Bitcoin Exchange Inflows Hit Three-Month High As Market Braces For More Downside
Bitcoin exchange inflows have been on the rise recently. Although there was a period where it had tapered off, it had continued to rise once more. The culmination of this has been a massive inflow into various centralized exchanges, presumably for investors to sell off their coins. Now the inflows
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Bitcoin Down as Market Braces for Fed’s 50 Basis Point Rate Hike
"The Fed's response to COVID increased the money supply by over 40%, directly providing stimulus checks and indirectly growing capital reserves through quantitative easing," IntoTheBlock's research head Lucas Outumuro said. "Now that the 'money printer' is expected to slow down, markets have been anticipating a hangover from the excessive stimulus
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Central Bank of Russia Braces for Turmoil With Nonresident Trading Ban
Brokers will not be able to execute trades on Russian equities for non-residents as central bank prepares for a tumultuous market opening. Source
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Bitcoin Price Sinks 10% As Market Braces For Macro Storm Ahead
Bitcoin price has shed 10% in a single day in an increasingly dangerous macro climate. Although the ultra-scarce cryptocurrency is claimed to be a hedge against catastrophic economic events, there is no telling how the volatile asset could react when it does finally arrive. With the stock market on shaky
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Market Wrap: Bitcoin Braces for $700M in Options to Expire; Record $7B Value Locked in DeFi
The bitcoin market bottomed out around $11,100 before bouncing back; DeFi continues an upward trend, garnering interest from traders and perhaps creating new ones. Bitcoin (BTC) trading around $11,467 as of 20:00 UTC (4 p.m. ET). Gaining 1.2% over the previous 24 hours.Bitcoin’s 24-hour range: $11,102-$11,593.BTC above its 10-day moving average
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Bitcoin Braces for Record Rally as Golden Cross on S&P 500 Looks Imminent
Bitcoin could break above $10,000 in the next quarter.The upside sentiment matures as the S&P 500 hints at painting a super-bullish Golden Cross in July 2020.The U.S. benchmark’s growing correlation with Bitcoin could help it attempt a breakout towards $20,000.As bitcoin repeatedly struggles to close above $10,000, the S&P 500
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