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Bitcoin's market cap composes 52% of the total crypto market, its highest level since April 2021.
Stablecoin supplies on smart contract platforms continue to trend downward, but the smart contract index has maintained a solid performance.
Past data shows bitcoin tends to drop 2% on the day MSTR announces new purchases.
TUSD trades at a discount versus Tether as former FTX auditor Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.
ALSO: Singapore ranked second in CoinDesk's Crypto Hubs survey. The city state raised billions through IPOs, weathered the collapse of homegrown darlings Terraform Labs and Three Arrows Capital and is now searching for the right regulatory balance to encourage crypto without getting burned again.
The ETF saw about $500K worth of trades in the first 15 minutes.
Conflux token's dour reaction is consistent with the prevailing investor disinterest in alternative cryptocurrencies.
Investors are betting that recent filings for spot BTC ETF improve the chances for Grayscale to convert its trust into an ETF and close the price gap, one observer said.
The Commitment of Traders Report indicates asset managers’ continued bullishness in bitcoin markets.
The popular trading app will no longer support the trading of Cardano, Solana and Polygon after Tuesday.
- 22:33Three major U.S. stock indices closed collectively higherThe three major U.S. stock indexes closed collectively higher, with the Dow up 1.06%, the S&P 500 up 0.53%, and the Nasdaq up 0.03%. Most of the large technology stocks fell, Google fell more than 4%, Amazon fell more than 2%, Apple, Tesla, Microsoft, Meta fell slightly; Intel, Nifty rose more than 1%, NVIDIA rose slightly.
- 22:33Fed's Goolsbee: pace of rate cuts likely to slow as it edges closer to stable levels of interest ratesFederal Reserve Goolsbee said that as gradually approaching the level of interest rate stability, the pace of interest rate cuts may slow down, the next year, interest rates will be ‘substantially lower’. The labour market has cooled, close to full employment.
- 22:32Fed's Goolsbee: labour market has stabilised, may need to slow pace of rate cutsChicago Fed President Goolsbee reiterated on Thursday that he supports further rate cuts and is open to a slower pace of action, a statement that highlights the focus of the debate among Fed policymakers that the question is not whether to cut interest rates, but rather the speed and magnitude of the rate cuts. Fed policymakers will meet on 17-18 December, where they will decide whether to cut policy rates again, or wait until next year. Financial markets believe that the process of making a decision will be difficult, and the interest rate futures market believes that the probability of a 25 basis point cut in interest rates is about 55 per cent, and the probability of no cut in interest rates is 45 per cent.
