While crypto assets booked double-digit gains during this week, with BTC sitting at record highs, funding rates for perpetual swaps on crypto exchanges are much closer to neutral levels than the market top in early March, CoinGlass data shows. Funding rate refers to the amount long traders pay shorts to take the opposite side of…
Michael Saylor announced plans to raise funds to buy Bitcoin by issuing and selling $21 billion worth of MicroStrategy shares. The equity raise is part of a larger plan to raise $42 billion for Bitcoin purchases over the next three years. The at-the-market equity offering will dilute current shares by 42% of their capitalisation, which…
Bitcoin is holding firm above $68,000 but has yet to break through the critical $69,000 level. After weeks of bullish price action, the market is closely watching for confirmation of a breakout from the seven-month accumulation pattern that has built up significant momentum. Top analyst Daan recently shared his insights, stating that this breakout is…
Bitcoin, the leading crypto asset by market capitalization, shot up 7% from Thursday’s trough below $59,000 after the hotter U.S. CPI inflation report, bucking this week’s trend of giving up gains during the U.S. trading hours. Recently, BTC was up 5.5% over the past 24 hours, outperforming the broad-market CoinDesk 20 Index’s (CD20) 4.7% advance….
Bitcoin may have bottomed at $60,000 earlier this week, and the Fed easing into a strong economy points to more upside, Will Clement said. Source link
According to a recent Forbes report, US lawmakers from both sides of the political spectrum are rallying around a proposal to create a strategic Bitcoin (BTC) reserve for the US, following Senator Cynthia Lummis’ speech at the 2024 Bitcoin Conference in Nashville. The pro-crypto Senator unveiled the new legislation to use existing federal funds to…
Hemi Labs, a start-up co-founded by former Bitcoin core developer Jeff Garzick, has successfully raised $15 million in its initial funding round. The investment was led by notable backers including Binance Labs, Breyer Capital, and Big Brain Holdings. According to a Fortune report, Hemi Labs aims to create a new “supernetwork” that integrates the capabilities…
It’s been a trend for the last few weeks that cryptocurrencies selloff as the U.S. traditional markets open, underscoring a general risk-off sentiment among American investors. Source link
Zurich, Switzerland, September 2, 2024 – Outcome Labs, a pioneering force in the decentralized derivatives marketplace, is proud to unveil its latest groundbreaking analysis on the crypto derivatives liquidation crisis. This study, driven by the mantra “Do Not Get Rekt,” sheds light on the often-overlooked risks associated with leveraged crypto trading, aiming to arm traders…
Bitcoin is beginning to show signs of a potential upward trend as several on-chain metrics are turning positive. These metrics, which often serve as indicators of future price movements, paint a picture of growing optimism in the market. One of the key indicators supporting this positive outlook is the exchange inflow/outflow data, which reveals a…