The latest price moves in bitcoin (BTC) and crypto markets in context for August 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
In other words, sellers have been dominant during the European hours, represented by 8:00 a.m. to 6:00 p.m. Brussels time, and U.S. hours, identified by 08:00 a.m. to 6:00 p.m. New York time. Meanwhile, buyers have had the upper hand during the Asian hours, identified as 8:00 a.m. to 6:00 p.m. Seoul time. Source
PEPE is garnering attention from major investors as the buzz surrounding the meme coin continues to grow. However, despite the increasing interest, these tokens are grappling with a persistently bearish sentiment, as their price performance remains lackluster. In an interesting turn of events, a significant number of investors are beginning to cast their gaze upon PEPE. Lookonchain’s latest report reveals a notable occurrence – a user invested 27 ETH, equivalent to $45,000, to secure a staggering 50 billion of the frog-themed token. More astonishingly, this same investor managed to acquire…
Ethereum (ETH) faces a dual challenge as sustained whale sell-offs coincide with a drop in transaction volume despite a bullish trend of persistent development activity. Behavior analytics resource Santiment called attention to these metrics in its latest insights on the current state of the Ethereum market. While Ethereum maintains its grip above the $1,600 price level, these metrics suggest a mixed outlook. On-chain transaction and trading volumes have experienced significant declines since their peak last November. Notably, Ethereum’s on-chain volume has plummeted to a current value of 4.77 billion. Similarly,…
Since the price of Bitcoin fell below $30,000, numerous forecasts have been made on the currency’s potential future price outlook of the asset. As the biggest cryptocurrency in the world, Bitcoin has amassed price headlines, some of which are optimistic while others are pessimistic. However, a question that lingers is whether another crash is really the end of the world for Bitcoin. In such an event, Mike McGlone, a senior analyst at Bloomberg, believes that even a decrease in price to $10,000 would not be bad for Bitcoin. Bitcoin Still…
The U.S. Treasury Yield (USTY) tokens represent blockchain-based versions of shares in a U.S. Treasury bond exchange-traded fund (ETF), and are accessible for professional investors on Tradeteq’s Yieldteq platform. Tokenization service provider Securitize onboards buyers, tracks share ownership and manages dividend payouts. Source
Long-term holders continue to accumulate bitcoin, with 40% unmoved in more than three years, or an all-time high for that metric. Original
The world’s largest crypto exchange, Binance, has removed Banco de Venezuela as a payment method on its peer-to-peer (P2P) trading service. This follows similar moves with sanctioned Russian banks last week and is likely part of efforts to fall in line with international financial sanctions. According to Venezuelan users, Banco de Venezuela has vanished from the P2P payments options this week, following a series of such removals of Russian banks by Binance. The obvious reason behind this step is the Aug. 24 Wall Street Journal report about the exchange’s participation…
The United States Department of Justice (DOJ) filed a motion on Aug. 28 to have all seven of the expert witnesses for Sam Bankman-Fried banned from testifying in court. In the motion, the DOJ claims Bankman-Fried’s proposed experts and their accompanying disclosures “suffer from an array of deficiencies,” which it believes warrant being barred from the trial. It continued to say that some of the disclosures “fail at the most basic level” to portray the opinions of the expert and most fail to provide a basis for the opinions, which…
Exchange-Traded Funds (ETFs) have evolved as a popular and versatile investment tool in the fast-paced world of investing. These funds provide an easy approach for investors to gain access to a diverse portfolio of assets across asset classes and market sectors. Understanding the ins and outs of ETFs is critical whether you’re a seasoned trader or just starting out in the investment world. We delve into the world of Exchange-Traded Funds in this thorough guide, unraveling their mechanisms, benefits, types, and much more, arming you with the knowledge needed to…