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“# Bitcoin futures open interest at 3-month highs — But will it be enough to overcome $50K? ” Bitcoin (BTC) futures open interest has recovered to May levels, raising optimism about a potent bullish breakout move above $50,000. The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Monday, its…
“# Traders split on BTC price outlook after Bitcoin dips below $47K ” Bitcoin (BTC) gave traders a serious sense of deja vu on Aug. 26 after a fresh attack on $50,000 ended in a firm rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin optimism wavers Data from Cointelegraph Markets Pro and TradingView showed BTC/USD…
“# Hacked Liquid exchange receives $120M debt funding from FTX ” Japanese cryptocurrency exchange Liquid has secured $120 million in debt financing from FTX Trading after suffering a nearly $100 million hack last week. Announcing the news Thursday, Liquid Group and FTX Trading — the owner and operator of crypto exchange FTX — said that…
“# 11% of young Americans have invested their stimulus checks into crypto ” A new survey has found that more than one in ten American citizens aged between 18 to 34 have invested part of their Covid-19 stimulus checks into crypto assets. Conducted by CNBC and research firm Momentive, the survey queried 5,530 adults and found…
“# Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion ” Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets. According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and…
“# DeFi TVL hits a record $157B as Ethereum competitors attract investors ” Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens…
“# Price analysis 8/25: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH ” Bitcoin (BTC) remains on a strong footing after bears failed to capitalize on the rejection near the psychological mark at $50,000. The recent price rise in Bitcoin has not enticed longer-term investors to part with their holdings and Glassnode data…
“# Traders pile into altcoins after Bitcoin price bounces at a key support ” The wider crypto market has a wait-and-see feel to it on Aug. 25 as the price of Bitcoin (BTC) dipped to $47,360 before rebounding off the lower support of the ascending channel to reclaim the $48,000 level. Despite the swift turnaround,…
“# County Treasurer in Illinois accepts crypto donation in reelection bid ” Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations. According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of…
“# Kyrgyzstan reportedly introduces regulations for crypto exchanges ” The government of the Kyrgyz Republic is moving forward to cryptocurrency adoption by introducing a national regulatory framework for crypto trading platforms. Kyrgyzstan’s State Service for Regulation and Supervision of Financial Markets (Gosfinnadzor), a regulatory agency operating under the Ministry of Economy and Finance, has developed…