Why Did Bitcoin’s Price Rise? BTC Hovers Over $27K as Investors Shrug Off Hot Jobs Data
Ether and other major cryptos spent much of the day in positive territory.
Bitcoin
Solving Lightning’s ‘Inbound Liquidity’ Problem Is Focus of New Layer 2 Bitcoin Protocol, Ark
The new protocol’s 24-year-old creator says Lightning’s inbound liquidity requirement – requiring users to commit funds to the protocol even when they’re just receiving payments – “doesn’t make any sense.”
U.S. Adds 339K Jobs in May, Blowing Through Estimates for 195K; Bitcoin Steady at $27K
Continued strong gains in monthly employment figures have added to the Fed’s case for rate hikes.
First Mover Americas: Bitcoin Bounces Back to $27K Ahead of Jobs Report
The latest price moves in bitcoin (BTC) and crypto markets in context for June 2, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Miners Are Probably Selling Their Output at the $28K Level: Matrixport
Miners are being forced to liquidate any new bitcoin mined as margins have narrowed in recent weeks, the report said.
First Mover Americas: Bitcoin Begins June Dropping Back Below $27K
The latest price moves in bitcoin (BTC) and crypto markets in context for June 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay
Tether announced this month to invest a part of its net realized profits in BTC purchases and infrastructure.
Crypto Exchange bitFlyer Aligns Itself With FATF ‘Travel Rule’ With New Restrictions
The company is only allowing crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST).
First Mover Americas: Bitcoin on Track for First Monthly Loss of the Year
The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Blockchain-Based Render Network’s Token Tracks Tech Stocks as Broader Crypto Market Decouples
RNDR has been a good high beta Nasdaq play in recent weeks, one portfolio manager noted.