Bitcoin, crypto
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Valentin Fournier, the lead research analyst at BRN, called the slowdown in bitcoin inflows a sign of weaker buyer conviction at elevated levels. Today's consumer price index and Wednesday's producer price index could set the tone for the next price move, he said.
The Bitcoin price, XRP, Ethereum, and other cryptos were falling as the weeklong rally for the world’s largest coin ebbed out.
Bitcoin notched an eighth all-time record peak of this year on Monday as the price of the world's biggest cryptocurrency rocketed above $120,000 for the first time.
GameStop's Ryan Cohen discusses the firm's $500M Bitcoin investment as inflation hedge and possible crypto acceptance for trading cards.
Branded "crypto week," the House of Representatives is expected to look at three bills that the crypto industry is hoping will establish comprehensive rules for the sector. Some c
"We sold all our Bitcoin and we did this raise. I actually personally participated in that raise myself with my own savings," Tabar explained to CNBC this week. Bit Digital shares are trading about 82% higher since that raise, which is a win for him and Tether co-founder Brock Pierce who also participated in the round, according to SEC filings.
The cumulative open interest in USDT and dollar-denominated BTC perpetuals on offshore exchanges has risen to 268K, the highest since May. Still, the tally remains locked in the nearly two-year-long range of 200K BTC to 255K BTC. A break out here could mean influx of new money chasing upside.