Bitcoin Dips 7% to Near $40K; Pullback Will Be Short-Lived, Say Experts
Bitcoin endured its worst daily drawdowns in 4 months, dipping over 7% to nearly $40,000. $XRP, $LINK, $ADA declined 8%-10%.
Bitcoin
Explaining Bitcoin’s ‘Flash Crash’
The cryptocurrency’s volatility cuts both ways.
Decentralized Exchange Uniswap Expands to Bitcoin Sidechain Rootstock
Uniswap version 3 (v3) has been deployed on Bitcoin sidechain Rootstock by GFX Labs, the team behind trading terminal Oku.
First Mover Americas: Bitcoin Slips to $42K From Last Week’s Yearly High
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 11, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Goldman Sachs Sees Fed Delivering First Rate Cut in Q3 2024: Reuters
The Fed’s benchmark interest-rate range is currently 5.25% to 5.5%.
Bitcoin’s 4% Drop Cools Overheated Funding Rates, Data Show
Funding rates for major tokens, including BTC, have normalized to below 0.1%, indicating an exit of over leveraged bulls.
Bitcoin, Ether, and Major Altcoins in Deep Red
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours.
Cardano Jumps 20% as Analyst Eyes Bitcoin Pullback to $40K to ‘Fill CME Gap’
Market observers “underappreciate” future inflows from institutional investors to bitcoin, asset 21.co CEO said in a CoinDesk TV interview.
Bitcoin Dips as U.S. November Job Growth of 199K Tops Estimates
Anticipating a slowdown in the economy and easier Fed monetary policy, investors have sharply bid down interest rates in the weeks leading up to this morning’s numbers.
First Mover Americas: Binance Withdraws an Abu Dhabi License Application
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.