Bitcoin’s Price Rally Driven by Americans’ Safe Haven Bid: Matrixport
The U.S. trading hours continue to be a major source of bullish pressure for bitcoin.
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Arbitrum IOU, Futures Markets Heat Up Ahead of ARB Token Airdrop
An IOU token and an upcoming futures product are letting traders speculate on ARB prices ahead of this week’s claim event.
Crypto Speculators Betting on ‘No Airdrop’ for Arbitrum Lose 95% of Capital
Claims of “no airdrop” on a popular prediction market fell steeply in a single day after Arbitrum confirmed its airdrop on Thursday.
Bitcoin Held in Funds Drops to Lowest Since October 2021, ByteTree Data Shows
The wealth management industry globally is very light in both bitcoin and gold, one observer said.
Bitcoin, Ether Volatility Stuns Bears and Bulls Alike; Some Say Recent Price Action Driven by Bank Crisis
Some market observers say bitcoin’s recent price movements were largely driven by investors looking for alternative assets to park their funds amid a banking clampdown in the U.S.
Bitcoin Crosses $24.7K, Sees Highest Liquidations in Two Months
The largest cryptocurrency was trading at just over $24,700 during the Asian morning hours on Tuesday.
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB, and Other Tokens
Binance tapped into its Industry Recovery Initiative funds to cover the move.
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
Some traders are signaling strength for USD Coin, citing its treasury backing in U.S.-issued bonds.
Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents
Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank’s Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank.