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A study by CryptoRank, which tracks crypto fund portfolios, shows that despite massive declines last year, a number of major funds are up over the past three years; bitcoin trades over $22.2K.
Crypto services provider Matrixport suggests collecting premium by selling bitcoin call options and using the same to fund the purchase of ether calls.
A large footprint in China, which creates skepticism about data safety, and a heavy subsidy spend, means Filecoin needs more than a token rally to be sustainable.
The company behind Bored Ape Yacht Club released its 300-edition TwelveFold NFT collection on the Ordinals protocol.
ALSO: CoinDesk columnist Chief Insights Columnist David Z. Morris considered the gathering of the Etherians at ETHDenver, all working together to build; Bitcoin stands on a precipice above $22.4K.
Crypto investors should cut exposure by 50% if bitcoin prices fall below $22,800, the report said.
Centralized exchanges liquidated bullish long futures worth over $62 million during the early Asian hours.
Bitcoin plunged to $22,288 and Ether hit $1,563 as crypto took a tumble during the opening hours of East Asia’s trading day.
A busy economic week in China with plenty of data releases scheduled might be what it takes to get bitcoin out of its slump.
ALSO: In an appearance on CoinDesk TV, Tron founder Justin Sun discussed Huobi’s potential unveiling of a new Hong Kong exchange, and said that the city’s evolving approach to digital asset licensing could shift attitudes in mainland China.