The Invisible Hand Restricting Bitcoin and Ether Price Swings
Hedging activity of market makers, who are always on the opposite of investors' trade, seems to have kept prices rangebound off late. Source
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Swings
Glassnode says big bitcoin price swings may be coming
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Glassnode, a prominent analytics firm, has recently shared its insights on Twitter regarding the price dynamics of bitcoin, the leading cryptocurrency by market cap. According to Glassnode analysis, bitcoin has displayed exceptional stability over the past
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A spotlight on Binance, Galaxy Digital swings to profit, China’s blockchain push
Regulators in the United States have a fresh target on their radar: Binance. The Commodity Futures Trading Commission (CFTC) has sued the world’s biggest crypto exchange by trading volume for regulatory violations. Accusations range from insider trading to concealing office locations around the world to evade authorities’ oversight. Binance denies the
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Galaxy Digital swings to profit after $1B net loss in 2022
On March 28, Canadian investment firm Galaxy Digital, operated by blockchain personality Mike Novogratz, disclosed that it had achieved a preliminary pre-tax income of $150 million from Jan. 1, 2023, to March 24, 2023. The results followed a $1 billion net loss in 2022, which was largely attributed to a $659
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Crypto Exchange Binance Raises Its SAFU Fund To $1B Amid Price Swings
Recently, the crypto market has gotten into a tight tunnel as prices keep decreasing. Most crypto assets are moving to the south
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Bitcoin price swings to over $20K as Binance helps FTX ‘liquidity crunch’
Bitcoin (BTC) saw major volatility after the Nov. 8 Wall Street open as turmoil over crypto exchange FTX punished markets further.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance hints at plan to buy FTXData from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $19,244 on Bitstamp, marking the pair’s lowest levels in two
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US Accounting Standards Board Member Supports Reporting Crypto Swings as Income: Bloomberg
This means that these gains and losses would directly hit these companies’ earnings. The other choice would be to have companies record the swings in the value of their crypto holdings in “other comprehensive income,” which wouldn’t impact earnings. Source
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Customer support staff swamped during market swings — exchange execs
Binance Australia's CEO says it is imperative that customer support
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Is asymmetric information driving crypto’s wild price swings?
It has long been believed that investors possessing inside knowledge help drive cryptocurrencies’ price volatility, and a number of academic papers have been published on this topic. This is why Coinbase’s intention to regularly publish in advance a catalog of tokens being assessed for listing on its prominent trading platform
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India Crypto Investors Await Taxation Clarity; Bitcoin Rises on a Day of Big Price Swings
After dropping under $40,000 on two occasions during Asian and U.S. trading hours, bitcoin was changing hands again above $41,000, up about 4%.. Ether, the second-largest crypto by market cap, was trading at nearly $2,800, a roughly 6% gain. Most other major altcoins had gained ground over the past 24
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