Binary trading platforms with better performance and payouts
Markets
Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin.
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.
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.
Futures tied to Deribit’s bitcoin volatility index, DVOL, will go live at the end of March.
Stacks’s STX token was the biggest winner among 160 assets in the CoinDesk Market Index, soaring 216% during the month.
ALSO: Short interest is rising on China tokens while bitcoin treads water just above $23,000.