Bitcoin Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x U.S. Treasury Notes
The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.
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The attractive yield on the market-neutral cash and carry trade could draw more money to the crypto market.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 29-March 6.
U.S. spot bitcoin {{BTC}} exchange-traded funds (ETF) experienced another massive trading session Wednesday with BlackRock’s bitcoin ETF (IBIT) breaking its volume record for the third consecutive day.
Muneeb Ali, the co-creator of Stacks and Princeton-educated computer scientist who’s now CEO of the Bitcoin-focused development firm Trust Machines, spoke with CoinDesk’s Jenn Sanasie on the flurry of development and layer-2 building now taking place on the original blockchain.
Some traders have started buying puts to protect against a potential sharp decline, according to Greeks.Live.
The “fear and greed” index reading is now at 87, a sign of “extreme greed.”
An expected pre-halving rally is a good spot to realize short-term profits, one market observer said.
The funding rate spread has collapsed, indicating increased appetite by traders to speculate further out on the risk curve, one analyst said.
Bitcoin-focused payments firm Strike is expanding its services to African countries including Nigeria, South Africa and Zambia, the company announced in a blog post Tuesday.
Spot bitcoin ETFs had their best day since their debut on Monday, recording $2.4 billion in daily trading volume coupled with strong inflows.