Ether, Solana Hit 19-Month Highs as Bitcoin Rally Halts with Traders Fearing ‘Bull Trap’
BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
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BitMex founder Arthur Hayes speculated about SOL hitting near $100 in a bullish weekend for altcoins.
The fund, offered by the startup’s investment management arm, Meanwhile Advisors, aims to attract institutional investors with a 5% yield.
The hearing, scheduled to take 15 days, will also seek to determine whether the hack occurred.
A recent dovish shift in the outlook for monetary policy has played a sizable role in big gains for both crypto and traditional markets.
The fundraise was led by Polychain Capital and Hack VC and included contributions from Framework Ventures, Polygon Ventures, Castle Island Ventures and OKX Ventures.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 7, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The bull market has been clearly spot-driven, with all major derivatives data relatively flat, one observer said, adding the rally has limited downside.
These bitcoin were mined at the very early stages of the network for an estimated $100, as per CryptoQuant.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Dec 7-Dec. 13, with live updates throughout.
Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday.