Bitcoin (BTC) eyed intraday highs into Wednesday’s Wall Street open as bulls battled for $105,000. Key points: Bitcoin creeps higher into the US trading session as traders seek $107,000 retest. Opinions diverge on whether price can reclaim that area as support. Binance withdrawals give analysis cause to stay bullish on the BTC price outlook. BTC/USD…
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Opinion by: Kamal Mokeddem, General Partner at Finality Capital The prevailing institutional narrative surrounding altcoins is as follows: If you want crypto exposure, simply buy Bitcoin and move on. Bitcoin now has ETFs and has outperformed nearly every other digital asset. Unlike 2017 or 2021, there has been no broad altcoin rally this cycle. At…
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Arjun Sethi, the co-CEO of major crypto exchange Kraken, criticized the United Kingdom’s crypto regulations, which he said hinder services for their customers. In an interview with the Financial Times, Sethi said that “in the UK today, if you go to any crypto website, including Kraken’s, you see the equivalent to a cigarette box.” He…
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Japan’s first domestic stablecoin issuer said digital asset companies may soon become significant players in the country’s sovereign debt market, potentially reshaping monetary policy. JPYC, the Tokyo-based company behind Japan’s first yen-pegged stablecoin, said issuers may evolve into major buyers of Japanese government bonds (JGBs) as their reserves increase. In comments reported by Reuters, JPYC…
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Stablecoin supply has spiked to bear market levels, suggesting buyers could soon spark another leg up for the Bitcoin (BTC) and crypto markets, according to analysts. Key takeaways: Bitcoin Stablecoin Supply Ratio at bear market lows signals BTC price bottom. Rising Binance stablecoin reserves and falling BTC supply indicate a buildup of buyer liquidity. Bitcoin’s…
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As the crypto industry matures, pragmatism and common sense are slowly creeping into the idealistic, messy business of blockchain tech. For years, crypto founders have declared that they’re reinventing the financial system. And although the focus has been on big ideas and innovative financial engineering, many crypto products and services remain off-limits to regulated organizations. …
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Bitcoin exchange-traded fund (ETF) investments are showing signs of recovery, signaling a return of risk appetite following a record crypto market crash in early October. US spot Bitcoin ETFs saw $524 million worth of cumulative net inflows on Tuesday, marking the highest daily amount since Oct. 7, according to data from Farside Investors. The $524…
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Coinbase Business, a new business platform from major US crypto exchange Coinbase, has launched in Singapore, marking the company’s first international expansion. After introducing Coinbase Business in June, Coinbase has rolled out the platform in Singapore as its first international market outside of the US, the company announced on Wednesday. Targeting startups and small businesses,…
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Morgan Stanley strategists say the crypto market has entered the “fall season” in Bitcoin’s four-year cycle, advising investors to harvest their gains before the potential onset of winter. In a podcast episode titled Crypto Goes Mainstream, Denny Galindo, an investment strategist at Morgan Stanley Wealth Management, said that historical data indicates a consistent three-up, one-down…
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Bitwise’s spot Chainlink exchange-traded fund (ETF) has appeared on the Depository Trust and Clearing Corporation’s registry, a usually positive sign that the fund is moving closer to launch. The Bitwise Chainlink ETF was added to the DTCC’s “active” and “pre-launch” categories on Tuesday under the ticker CLNK. The listings don’t guarantee that the US Securities…
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