Crypto News
Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi
Bitcoin (BTC) reached an all-time high above $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world's largest cryptocurrency, Citi (C) said in a research report on Thursday."The nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost," that saw bitcoin break through $100,000 to record highs, analysts led by Alex Saunders wrote.The cryptocurrency was trading around $98,500 at the time of publication.Bitcoin continues to be bolstered by exchange-traded fund (ETF) flows and other buying as adoption grows, the bank noted.The macro environment is also constructive for digital assets. Loose financial conditions and resilient growth are positive for crypto tokens, Citi said."Other digital assets likely have more to gain from...
Binance to Delist MAVIA, OMG, and BOND Perpetual Contracts by December 2024
Binance Futures will delist MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts, closing all positions and conducting automatic settlements by December 16, 2024. (Read More)Source link
HKMA and SAMA Deepen Financial Ties Between Hong Kong and Saudi Arabia
The Hong Kong Monetary Authority and Saudi Central Bank strengthen financial cooperation through a bilateral meeting, focusing on infrastructure, technology, and investment opportunities. (Read More)Source link
BTC Nosedive to 92K Hits DOGE, XRP Futures Hardest as Liquidations Climb to $1B
Crypto-tracked futures recorded over $1 billion in liquidations in the past 24 hours as bitcoin briefly nosedived from a Thursday record high above $103,000 to nearly $92,000 early Friday on profit-taking.BTC futures recorded nearly $500 million in net liquidations, with $420 million of those stemming from longs, or bets on higher prices. ETH futures recorded a smaller $85 million in liquidations.Liquidations occur when an exchange forcefully closes a trader's leveraged position due to a partial or total loss of the trader's initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position, that is, they don't have enough funds to keep the trade open.Over 156,000 individual traders were liquidated, and the largest single...
FOMO Traders Beware, Bitcoin’s ‘High-Wave’ Price Action Points to Confusion: Godbole
Traders looking to impulsively take exposure to bitcoin (BTC) at record prices due to the "fear of missing out" (FOMO) should note that the market now looks notably confused, a shift away from the recent strong bull momentum.The confusion is evident in BTC's trading on Thursday, as it finally rose to six figures, tapping record highs near $103,900 before plummeting to $91,100, ultimately ending the day in UTC at approximately $97,000, data from TradingView and CoinDesk show. The trading range was so large that it engulfed all the price action since Nov. 20.This led to the formation of a "high wave candle," characterized by a small real body that shows the gap between the open and closing prices, along with...