Trump Election Win May be Bullish For Cryptocurrency Markets, Bernstein Says
Market sentiment suggests that a Trump election victory is bullish for crypto and a Harris win would be bearish, the report said.
Markets
Crypto Wallet Holding $2B Mt. Gox Bitcoin Sends Test Transaction as Distribution Continues: Arkham
Some users in the Mt. Gox creditors channel on Reddit reported receiving funds on their BitGo accounts.
Bitcoin’s Prospects Strengthen as Key Stablecoin Metric Slides to Lowest Level in 18 Months
The dwindling metric points to declining selling pressure in the bitcoin market.
Ether Beats CD20 as ETH ETFs Post Positive Inflows, DEX Tokens Rise
Many of the largest decentralized exchanges (DEX) tokens posted gains on Tuesday.
Ether ICO Whale Moves 5K ETH to Exchanges, Bringing Monthly Total to $154M
The whale has deposited 48,500 ETH, worth over $154 million, to OKX at an average price of $3,176 in the past 35 days.
Ex-Bank of Japan Official Rules Out Another Rate Hike This Year
The BOJ recently raised rates for the first time in over a decade, destabilizing global markets, including bitcoin.
Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week
Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.
Dragonfly, Crypto.com Weigh in on CFTC’s Proposed Prediction Market Rules
Both parties argue the CFTC’s move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent ‘Chevron’ court ruling limits its power.
Bitcoin’s 12% Price Rally on Thursday Was the Biggest Since February 2022
Risk assets stabilized as upbeat weekly U.S. jobs data eased recession concerns.
First Mover Americas: Bitcoin Reclaims $62K, Bulls Revisit $100K Target
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.