Bitcoin Sees Resistance at $21K as Investors Record Losses of Over $7B: Glassnode
On-chain data shows investors exited positions acquired at much higher prices over the past three-day period. Original Source
Read More
Sees
Dogecoin Sees Weekend Bump After Musk Tweets, Synthetix Volumes Grow to $200M
Over the weekend, separate catalysts lead to volatile trading in the two tokens with SNX rising as much as 85% in the past 24 hours. Source
Read More
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’ – Bitcoin News
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On
Read More
Musk Sees Logic for Twitter as a Crypto Payments Platform
Elon Musk spoke during Twitter’s virtual all-hands meeting Thursday. Source
Read More
Tether Sees New Wave of Redemptions as Fear of Market Contagion Spreads
"Confidence in cryptos remains depressed and some traders are worried that Tether could suffer a similar fate as Terra's UST stablecoin," Edward Moya, senior market analyst at Oanda, said. "Too many institutional crypto investors are down massively, and they are worried that if this part of the crypto ecosystem collapses,
Read More
Bitcoin Sees Weakness Ahead of CPI Report; Cardano, Solana Lead Fall in Majors
Inflation concerns have contributed to bitcoin’s fall in the past several weeks. In May, the U.S. Federal Reserve (Fed) hiked rates by the largest amount since 2000 as it seeks to tighten monetary policy following $2 trillion in stimulus in the past few years. This caused a drop in global
Read More
Virtu Sees Crypto Market-Making Opportunity, Has Little Confidence in Incumbents, CEO Says
Citadel Securities approached New York-based Virtu, a high-frequency trading and market-making firm, on creating a crypto marketplace, according to Cifu. He sees room to collaborate in creating a platform that can scale, and one in which institutions have trust and want to participate should interest in crypto grow. Source
Read More
Bitcoin Decline Sees Funding Rates Plunge To Three-Month Lows
Bitcoin funding rates have taken a nosedive after massive sell-offs at the beginning of the week. Bitcoin had made a remarkable recovery coming out of a slow weekend but these sell-offs would quickly wipe off all of the gains made, and with it, the funding rates came crashing down. It
Read More
CFTC Chair Behnam Sees a Crypto Movement Brewing in Washington
“It’s just a positive momentum, I think, for the technology, for the industry, for the economy,” Behnam said at CoinDesk’s Consensus 2022 in Austin, Texas, Thursday. “There are unique coalitions getting together on this issue, which is very rare in Washington.” Original Source
Read More
Benchmark Sees Canaan as Indirect Investment in Bitcoin, Shares Gain
The broker initiated coverage of the mining-equipment business with a buy rating and $9 price target. Source
Read More