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The cryptocurrency market's recent downtrend appears to be coming to an end, as JPMorgan's latest research suggests that most long-position liquidations have been completed.According to a Bloomberg report, analysts for the American bank estimate that the liquidations are “largely behind us.” The prediction is based on the open interest in
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied JPMorgan predicts the ending of the recent crypto market selloff, forecasting limited downside and potential stability in the near term. The latest downturn in the cryptocurrency markets seems to be approaching a conclusion, according to a new
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In a swift and intriguing turn of events, a previously enigmatic Bitcoin (BTC) address managed to catapult itself to the esteemed position of the third-largest holder of BTC. As reported by Cointelegraph on Aug. 22, the address in question accumulated a staggering 118,000 BTC.While its identity has now been attributed
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied EDX Markets — the cryptocurrency exchange backed by Charles Schwab and Citadel Securities — proceeds with Anchorage Digital as its digital asset custodian. Following its launch earlier this year, EDX Markets explained that the partnership with
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“Drawing from the blueprint of traditional finance will be critical to unlocking the next phase of institutional crypto,” said Diogo Monica, co-founder and president of Anchorage Digital. “Anchorage Digital has proven that separating custody and exchange functions for institutions isn’t just possible, it’s essential.” Source
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Cryptocurrencies like Bitcoin (BTC) have failed to reduce but rather have “amplified financial risks” in less developed economies, according to a new study published by the The Bank for International Settlements (BIS).On Aug. 22, the Consultative Group of Directors of Financial Stability (CGDFS) released a new report on cryptocurrencies, titled
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China’s Evergrande’s bankruptcy filing reverberates in the crypto markets, triggering significant drops in major digital assets and casting a shadow over Tether’s financial backing. Once the leading property developer in China, Evergrande has recently transformed into a
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Michael Burry, famous for predicting the 2008 crisis, stuns the market with a massive bet against the S&P 500 and Nasdaq 100. But will it affect crypto? Remember Michael Burry? If you’ve watched or read “The Big Short,” his name echoes as the audacious maverick who bet against the US housing
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If you have a look at the altcoin's daily market cap chart, the bottom of the left shoulder, $188.4 billion, was created in June 2022, the low of the head, $173.23 billion, was made at the end of December, and the bottom of the right shoulder at $177.36 billion appeared
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PayPal's move to issue a stablecoin is putting crypto legislation back in focus in Washington, D.C. Timothy Massad, former CFTC chairman and current director of the Digital Assets Policy Project at the Harvard Kennedy School, joined the conversation. tastycrypto head Ryan Grace shared his crypto markets outlook. And, The Sandbox
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