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Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
The latest price moves in crypto markets in context for July 18, 2023.
- 05:08Anthony Pompliano warns investors about the potential risks of MicroStrategy's "Bitcoin strategy"In a recent interview, Anthony Pompliano, the founder and CEO of Professional Capital Management, analyzed MicroStrategy's method of using convertible bonds to purchase Bitcoin. The company has been selling future equity at a 55% premium to increase its holdings in Bitcoin, which is an attractive proposition from a financial perspective. By selling equity at prices higher than its current stock value, MicroStrategy can generate substantial capital for buying Bitcoin. Pompliano emphasized that this approach is mathematically reasonable but warned investors to be aware of often overlooked risks as there are many unknown factors that could affect the outcome of the Bitcoin strategy. In a recent report, IntoTheBlock highlighted four major risks brought by MicroStrategy's aggressive Bitcoin acquisition strategy to the cryptocurrency market. Although these risks have low probabilities, Pompliano stressed that investors must consider the most extreme scenarios. (CoinGape)
- 05:07BlackRock CEO: Bitcoin is an international asset, not dependent on any country's fiat currencyBlackRock CEO Larry Fink said in an interview with Fox, "Bitcoin is an international asset that does not depend on any country's currency."
- 05:05Analysis: Bitcoin liquidity indicators suggest a potential high of $110,000 by January next yearThe founder and CEO of Global Macro Investor recently stated that Bitcoin has entered the "parabolic phase" of the current market cycle. Based on the correlation between Bitcoin and the total liquidity index of global macro investors, the price of Bitcoin may rise to a local high point above $110,000 by the end of January 2025, then fall below $70,000 in February 2025. Note: This index provides an overall view of all major central bank balance sheets. However, due to what Pal calls a "temporary peak in liquidity", any potential pullback below $70,000 is only temporary. He expects liquidity will continue to rise until the third quarter of 2025. Other analysts predict that global liquidity will peak at the end of January 2026. According to historical data, Bitcoin could absorb up to 10% of new money supply. Given an expected increase in liquidity by $20 trillion dollars, this could attract new investments worth $2 trillion into Bitcoin by 2025.
