First Mover Americas: Binance, Binance, Binance
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 22, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Trading
Over $200M in Crypto Futures Bets Liquidated as Bitcoin Slumped Under $36K on Binance Settlement
The overnight price volatility in bitcoin and other cryptocurrencies washed out a notable chunk of leverage from the market, with bitcoin alone seeing more than $65 million worth of liquidations in futures markets.
First Mover Americas: Avalanche and Near Lead Weekly Gains
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Dogecoin Futures Open Interest Jumps to 7B DOGE, Indicating Risky Bets
Trading interest in DOGE bets rose over 40% in the past 24 hours to reach their highest levels since April.
Recent Altcoin Rally Powered by South Korean Traders, CryptoQuant Says
Notable booms include Loom Network’s LOOM, whose price surged approximately ten times over two months, and HIFI, whose prices spiked by 6,600% in September alone.
First Mover Americas: SEC Delays Decision on Hashdex’s ETF Application
The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 16, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Cardano, Dogecoin Lead Price Gains Among Major Cryptocurrencies as Bitcoin Nears $38K
The CoinDesk Market Index has added almost 4% in the past 24 hours.
Bitcoin Ordinals Token Ecosystem Emerges as Latest Crypto Play, Led by ORDI Hype
Overall capitalization of such tokens has risen over 21% in the past 24 hours, outperforming most other token sectors.
Bitcoin Could Reach $45K by Year-End, Analyst Says
Options market positioning and dovish Fed expectations indicate the path of least resistance is on the higher side.
Crypto Futures Funding Rates Normalize After Bitcoin Drops to $35.6K
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.