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Ether (ETH), the second largest crypto in market value, followed a similar path to BTC, dipping around the time of the BitGo announcement via Twitter but then regaining ground to recently change hands near the $1,900 threshold it reached on Wednesday for the first time since the beginning of June.
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Some news sources have been fond of making comparisons between Bitcoin’s (BTC) price action and that of other assets. In particular, the two most commonly compared asset classes are gold and tech stocks.While a correlation holds, it tends to be a big news story. Throughout much of 2022 and early
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Bitcoin's (BTC) 15% rally toward $30,300 between June 19 and June 21 caught most traders by surprise, triggering $125 million in liquidations of leveraged short futures contracts. Narrowing down the trigger for the rally is complicated, but some analysts point to the potential inflow of institutional investors if Blackrock’s exchange-traded
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The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month. Source
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The latest price moves in bitcoin (BTC) and crypto markets in context for June 22, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.”BTC/USD 1-hour chart. Source: TradingViewBitcoin dip-buyers “ready” for $28,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains.BTC price performance had impressed the day before, with the largest cryptocurrency returning
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The trading parties collected the collateral at the start of the transaction and locked the same in an account at an independent custodian, which was controlled by all three parties to mitigate the counterparty risk stemming from the absence of a clearing house. All exchange-traded derivatives and most over-the-counter derivatives
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“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand
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Coinbase Custody is a service offered by the crypto exchange that allows institutional investors to store large amounts of tokens, such as bitcoin, in a secure wallet. It will serve as the custodian for bitcoin held on BlackRock Bitcoin ETF, if the request is approved by regulators. Original Source
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A flood of spot Bitcoin ETF applications coming from the wealthiest asset managers of the world has fuelled investor optimism with BTC price gaining more than 20% in the last three days. The world’s largest cryptocurrency Bitcoin (BTC) continues with its price rally gaining another 5% in the last 24
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