Altcoins may not see a broad, outsized rally until the approval of crypto ETFs that give investors exposure further down the risk curve, according to analysts from Bitfinex. Crypto market participants have eagerly awaited an altcoin market rally, or “altseason,” as Bitcoin (BTC) dominance dipped 6% over the past 30 days. Bitcoin dominance stands at…
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Issuers of crypto exchange-traded funds should carefully consider which cryptocurrencies to offer exposure to in their funds, as most of the crypto market is “pretty sketchy,” says REX Financial CEO Greg King. “Crypto gets pretty sketchy below the top 10, certainly below the top 20,” King told Bloomberg’s ETF IQ on Monday. “There’s some significant…
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Venture capitalist and founding partner of Draper Associates, Tim Draper, says altcoins could ultimately make Bitcoin better by acting as testing grounds for upgrades. During an interview on CNBC’s Squawk Box on Monday, Draper said there will also be “many other cryptocurrencies,” created over time, which will help grow Bitcoin’s (BTC) dominance. “Competition is good…
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Around 200,000 traders have been liquidated to the tune of more than $900 million over the past 24 hours as Bitcoin fell to a seven-week low — decimating its gains after the Federal Reserve chair signaled interest rate cuts at Jackson Hole last week. The majority of liquidations were long positions, according to CoinGlass, which…
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French semiconductor company Sequans Communications filed for a $200 million at-the-market equity offering on Monday to fuel its Bitcoin treasury strategy — with the longer-term aim to amass 100,000 Bitcoin by 2030. The program will allow the 4G and 5G chipmaker to issue American Depositary Shares — US dollar-denominated equity shares of a foreign company…
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Key takeaways: Bitcoin futures demand continues rising despite the recent price weakness, indicating sustained trader engagement. The put options maintained a premium over calls, reflecting persistent bearish sentiment among investors. Bitcoin (BTC) traded down to $109,400 on Monday, its lowest level in more than six weeks. The correction followed an $11 billion sale by a…
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Exchange industry associations and global regulators are joining forces to curb the growth and adoption of tokenized stocks, arguing that these products do not represent actual equities and expose investors to significant risks. According to Reuters, the European Securities and Markets Authority (ESMA), the International Organization of Securities Commissions (IOSCO), and the World Federation of…
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Update (Aug. 27 at 14:10 UTC): This article has been updated to state that the letter was sent to IOSCO and ESMA. Exchange industry associations have asked global regulators to curb the growth and adoption of tokenized stocks, arguing that these products do not represent actual equities and expose investors to significant risks. Reuters reported…
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Key points: Bitcoin selling is mainly attributed to large sales by whales, not a chance in BTC’s market structure. Despite the sharp market correction, Ether and BNB remain strong on the charts. Bitcoin (BTC) bulls are defending the $110,530 support, but the bears have kept up the pressure. CoinShares reported $1 billion in net outflows…
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Key takeaways: Bitcoin’s sharp rebound after Jackson Hole fizzled into a bearish weekly engulfing candle. Onchain data shows $105,000 as the key support as mid-size wallets sell. Seasonal weakness and spot BTC ETF fatigue raise risks of a drop toward $100,000–$92,000. Bitcoin (BTC) posted a sharp rebound on Friday, gaining 3.91% to $117,300 from $111,700…
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