Dalio, who is famous for founding Bridgewater Associates, one of the largest hedge funds, explained that while some already consider bitcoin as money, there were still problems with the asset’s legitimacy, given the vulnerabilities it might face regarding its codebase. Bridgewater Associates’ Ray Dalio States Code Can Make Bitcoin Vulnerable Ray Dalio, known for being […] Original
Key takeaways: Bitcoin rallied 14% in a week, eyeing $124,000 amid a US government shutdown. Onchain data showed a $1.6 billion surge in buying and a Coinbase premium gap of $92, signaling US-led demand. Analysts see resistance near $130,000, with price discovery possible next week. Bitcoin (BTC) has staged a fierce rally over the past week, climbing 14% to trade a few dollars away from $124,000 from a range low near $108,600 last Friday. This surge could nudge Bitcoin into fresh price-discovery territory above $125,500, as the total crypto market…
According to on-chain metrics, BNB climbed to a record high of $1,111 and traded around $1,110 after an 8% jump in the past 24 hours. Related Reading Data shows nearly $400 million in positions were liquidated across the BNB market in the last day, with close to $270 million of that coming from short positions and $127 million from long positions. Liquidations And Short Squeeze The heavy liquidation figure points to a sharp and fast move that forced leveraged traders out of the market. Short sellers bore the brunt, which…