Bitcoin Traders Warn of Pullback as U.S. Inflation Data Looms; Dogecoin Leads Majors Slide
Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said.
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Crypto markets are expected to remain shaky ahead of Friday’s U.S. inflation data release, one trading desk said.
The address has already made $200 million from its ether holdings.
CHZ has surged over 20% in seven days, the third-biggest gain among the top 100 cryptocurrencies by market value.
A ‘Seed Capital Investor’ has purchased 400,000 shares of the proposed filing, BlackRock revealed in its document.
A trader bought $2 million worth of dogecoin {{DOGE}} call options at a strike price of $0.22 on Wednesday, according to PowerTrade’s head of institutional sales, Bernd Sischka.
The latest price moves in bitcoin (BTC) and crypto markets in context for May 29, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A rally in meme tokens such as dogecoin and shiba inu is primarily driven by Asian traders in response to bullish sentiment around ether exchange-traded funds (ETFs), one trader said.
Dog-themed tokens tend to move after rallies in video game retailer Gamestop, a so-called “meme stock.”
Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
The Uniswap Foundation’s balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens.