Polymarket traders are taking the market crash as an opportunity to place bets. So far, they results are looking extremely bearish….
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As traders move to cover souring bets on the yen, the prices of risk assets (including Bitcoin) have taken a beating as a result….
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London-based Capula Management—which oversees $30 billion in assets—has exposure to Bitcoin via BlackRock and Fidelity….
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Bitcoin hits $50k, liquidations hit $1bn in sell-off. Macro sell-off and end of Yen carry trade blamed. Multiple altcoins hit cycle or all-time lows. Bitcoin dominance rises to cycle-high of 58%. Robinhood halts 24hr trading. Crypto funds saw $528m outflow last week. Justin Sun denies liquidation rumours. Jump Trading continues to liquidate holdings. Ethena founder confirms protocol has ‘zero issues’. Binance launches native KAS mining. Cycle hasn’t even started yet: Cobie….
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Investors backed off of Bitcoin ETFs and other crypto funds last week, CoinShares said, following five straight weeks of positive flows….
Continue reading on https://decrypt.co/243188/bitcoin-etfs-hit-hard-investors-pulled-528-million-funds
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Bitcoin dominance has hit its current high water mark as crypto markets have been rocked by macroeconomic headwinds….
Continue reading on https://decrypt.co/243129/bitcoin-dominance-hits-3-year-high-amid-market-turmoil
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Crypto exchange Coinbase (COIN) suffered a 19% drop, while Marathon Digital (MARA) and Riot Platforms (RIOT) saw 18% and 13.5% drops, respectively….
Continue reading on https://decrypt.co/243153/microstrategy-down-29-ahead-of-opening-bell-as-crypto-stocks-battered-by-bitcoin-losses
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“We don’t see any incremental negatives for crypto here,” the analysts wrote….
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High U.S. unemployment spiked global recession fears. Now “the Federal Reserve may be slow to respond with interest rate cuts,” an analyst said….
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Headwinds, including the U.S. election, interest rate fluctuations, and tensions in the Middle East, are spooking markets, Decrypt was told….
Continue reading on https://decrypt.co/243117/bitcoin-dips-below-55000-as-macro-uncertainty-geopolitical-tensions-rise
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