Bitcoin Tentative, Asian Stocks Slide on BOJ Rate Hike Talks
The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
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The BOJ has long been seen as a major source of uncertainty for financial markets, including cryptocurrencies.
The bitcoin production cost has historically acted as a lower boundary to the cryptocurrency’s price, the report said.
Interest in ether bets rose significantly after the approval of spot bitcoin ETFs in January sparked optimism among ETH traders.
Some traders bought bitcoin calls at strikes $45,000 and $46,000 during Thursday’s U.S. trading hours, according to over-the-counter institutional cryptocurrency trading network Paradigm.
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices.
Altcoins posted gains of 5%-10% on Monday while bitcoin (BTC) treaded water near $35,000 as investors ventured into riskier tokens as calls for an altcoin season emerge.
Cryptocurrency derivatives traders endured over $150 million liquidations over the past 24 hours Monday as rapidly surging digital asset prices caught many market participants off-guard.
Traders at Japanese exchange Bitbank said in a daily note that they expect bitcoin prices to move towards the $28,000 level, citing ETF optimism.
The U.S. watchdog for derivatives markets should create a limited pilot program for regulating cryptocurrencies, said Caroline Pham, one of the members of the Commodity Futures Trading Commission (CFTC).
Low liquidity after the token’s relisting likely caused a temporary pricing glitch on the exchange.