Price analysis 2/3: SPX, DXY, BTC, ETH, XRP, SOL, BNB, DOGE, ADA, LINK
Bitcoin and select altcoins bounced back sharply, indicating solid purchasing demand at lower levels.
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Bitcoin outflows from centralized exchanges surge to 100K BTC monthly
Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. 120 Total views 322 Total shares Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated…

$2T fake tariff news pump shows ‘market is ready to ape’
Recent fake news that US President Donald Trump was considering a 90-day pause in tariffs shows the potential for a strong market rebound should a real one take place, according to observers. A fake news post on X on April 7 from the verified “Walter Bloomberg” account claimed that the White House was considering a

After BitMEX Meltdown, Should Shorting Be Banned on Crypto Exchanges?
Bitcoin’s (BTC) rapid 50% price drop in the wake of coronavirus concerns aroused chatter around banning the ability for traders to assume short positions in cryptocurrency markets. Question is, would that be the right move?Crypto market daily performance. Source: Coin360Flash crash raises spectre of shorting bansOn March 12 Bitcoin dropped to prices not seen since…

Coinbase in talks to buy derivatives exchange Deribit: Report
Coinbase is in advanced talks to buy Deribit, a cryptocurrency derivatives exchange, according to a March 21 report by Bloomberg. Acquiring Deribit — the world’s largest venue for trading Bitcoin (BTC) and Ether (ETH) options — would bolster Coinbase’s existing derivatives platform, which currently focuses on futures. Coinbase and Deribit have reportedly alerted regulators in

German Cabinet and Bundesbank Are in Close Communication on CBDC Issues
The Cabinet of Germany and Germany’s central bank Deutsche Bundesbank are working together closely on issues related to central bank digital currencies (CBDCs).Awareness of global CBDC situationOn Aug. 29, Germany’s federal parliament (Bundestag) published official feedback to a request from parliamentary group the Free Democratic Party, which asked the Cabinet to respond to six questions…

Tweet mocking how little value NFTs have … is turned into $5K NFT
"This is basically the same as making a joke that you stole the Mona Lisa by taking a photograph of it," said Twitter user Sergey Pshenichkin. 733 Total views 23 Total shares Twitter user Lauren Walker tweeted a message claiming she was “stealing” nonfungible tokens, only to have crypto-Twitter turn around and mint her words…

Crypto Biz: BlackRock Bitcoin ETF seed capital, HashKey targets market makers, and more
The countdown is underway for the United States Securities and Exchange Commission (SEC) to decide on approving the first spot Bitcoin exchange-traded fund (ETF) in the United States. After several delays, the regulator’s final deadline is approaching, with market participants anticipating a decision in early January 2024.In another sign that a green light may be

Bitcoin Price Correction Continues as $13,800 Becomes Key to Further Gains
Bitcoin (BTC) was heading back towards $12,000 on June 27 as crypto industry businesses report record activity across the board.Data from Coin360 showed the bitcoin price coming off its local highs at $13,800 to circle $12,150 as of press time Thursday. BTC/USD saw significant volatility over the past 24 hours, abruptly dropping to as low as…