Traders watching Stellar’s 40% weekly surge are now turning their attention to XRP, asking whether the older and larger token could be next. The two assets share a long history of moving in tandem, and some analysts say the setup is starting to look familiar. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn XRP And XLM: A Recurring Pattern Analyst Kevin Cage pointed out that while XLM broke out after months of sideways trading, XRP has remained range-bound. Reports indicate that if momentum picks up, some traders are projecting a move toward the $1.76 to $2 range for XRP sometime in June. XRP itself posted a 2.50% gain in the past 24 hours, though it remains down 2.50% over the last seven days and about 5% over the past month. The price was last seen hovering near the $1.23 to $1.30 liquidity zone on Coinbase‘s spot market. $XRP orderbook on Coinbase is still heavily skewed towards bids (nearly 7x on the large bands) Now this doesn’t automatically mean
The market split with the Nasdaq remains a key focus. Traders continue to watch for either a Bitcoin rebound or a pullback in equities. Bitcoin is trading weaker while the Nasdaq continues to move higher, creating a fresh split between crypto and equity markets. Bitcoin has lost about 12% since mid-month, while the Nasdaq printed […]
The post Bitcoin Falls Behind Nasdaq Rally As Market Split Fuels Rebound Debate appeared first on Live Bitcoin News.
The US Commodity Futures Trading Commission (CFTC) has now opened the path for Coinbase and other CFTC-registered exchanges to offer regulated access to global crypto derivatives markets. Related Reading: Bitcoin Tests Critical Support As Bearish Signals Point To $60,000 Retest Coinbase Offers Access To Global Crypto Derivatives On Friday, Coinbase announced that its subsidiary, Coinbase Financial Markets (CFM), has become the first US-regulated Futures Commission Merchant (FCM) to offer its domestic clients access to global crypto derivatives markets. Crypto derivatives account for roughly 80% of global crypto trading volume, Coinbase explained, with options, perpetual futures, and other instruments driving most of that activity across international venues. However, US customers haven’t had regulated access to this multi-trillion-dollar market until now. As a result, some institutional customers had to establish offshore entities to access these markets and take on additional counterp
Bitcoin is struggling below $75,000 as the market faces uncertainty that has made directional conviction difficult to sustain across multiple sessions. The price is under pressure — and top analyst Axel Adler has identified a development in the institutional wallet data that adds a specific supply dimension to the current weakness that the price chart […]
Coinbase opens global crypto options and perpetual futures access for U.S. institutions through a regulated CFM platform. Coinbase has opened access to global crypto options and perpetual futures markets for U.S. institutional clients through Coinbase Financial Markets. The service gives eligible firms a regulated route to global liquidity, including Deribit markets, without using offshore entities. […]
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Bitcoin's decentralized governance and slow upgrade process may drive investors to faster-adapting networks amid looming quantum threats.
The post Security experts warn Bitcoin faces urgent quantum risks as adversaries stockpile encrypted data appeared first on Crypto Briefing.
Bitcoin's decentralized governance and slow upgrade process may drive investors to faster-adapting networks amid looming quantum threats.
The post Security experts warn Bitcoin faces urgent quantum risks as adversaries stockpile encrypted data appeared first on Crypto Briefing.
XLM jumps from $0.14 to $0.22 after short liquidations near $10M, with traders tracking $0.24 and $0.25 resistance zones. XLM moved sharply from the $0.14 zone to near $0.22 after several flat sessions, as traders tracked a rapid sweep of leveraged short positions. The move placed Stellar back into a key resistance area, while market […]
The post XLM Surges From 0.14 To 0.22 As Liquidation Leverage Gets Swept appeared first on Live Bitcoin News.
Swan Bitcoin CEO Cory Klippsten said it is important to pay attention to retail sentiment around Bitcoin, as ownership is still far from concentrated and “it’s not like Blackrock owns the Bitcoin.”
