Gold Rally Needs to Pause for Bitcoin Price to Break All-Time High, Data Suggests
In the past seven days, over 1 million ounces have gone into gold ETFs, the biggest inflow since October 2022.
Bitcoin
Bitcoin Trader Warns of Correction as BTC Dominance Reaches 2021 Levels; Solana Leads Market Gains
Dominance refers to the ratio between the market capitalization of BTC to the total market capitalization of all cryptocurrencies combined and is often used as a gauge for market sentiment. PLUS: Some Solana tokens are up as much as 70%.
Institution Takes $25M Hedge Bet on Derive’s Bitcoin Options Market as U.S. Election Looms
The institution set up a multi-legged strategy in Derive’s onchain options market, generating $25 million in volume.
Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Number of Bitcoin Whales Jumps to Highest Since January 2021
Whale Entities are clusters of crypto wallet addresses held by a single network participant holding least 1,000 BTC.
Bitcoin Slides to $66K, Ether Dives 5% in Market-Wide Selloff
Cryptocurrencies weren’t spared as stocks, bonds, gold and oil all declined on Wednesday.
Protocol Village: Domain Network D3 Global Partners With Identity Digital to Tokenize Domains
Protocol Village is CoinDesk’s living column chronicling blockchain tech project updates (CoinDesk)
Solana Hits Record vs. Ether, Outperforms Bitcoin as AI Memecoin Frenzy and Surging Revenues Fuel Rally
Solana was the best-performing asset in the CoinDesk 20 Index through the week, advancing 11%, while BTC and ETH declined.
Bitcoin Is Going to $80K Regardless of Trump or Harris Win, Traders Say
Traders say BTC is headed to new highs regardless of a Democrat or Republican win.
Bitcoin Exchange River Financial Allowing Users to Earn BTC Interest on Cash Deposits
Not a bank itself, River has teamed up with Lead Bank, a member of the FDIC, meaning users’ deposits are protected up to the value of $250,000.