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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.
- 10:33Uniswap founder: The killer use case for cryptocurrency is value transferUniswap founder Hayden Adams posted on platform X, stating that the killer use case for the internet is transmitting information, while for cryptocurrency it's transferring value.
- 09:32Macro Outlook for Next Week: Bitcoin Continues to Push Towards $100,000, PCE and Federal Reserve Meeting Minutes LoomingPANews reported on November 24th that the US dollar will continue its upward trend into the eighth week, marking the longest rise so far this year, with an increase of about 2.6% so far this month. Bitcoin continues to hit new highs and is aiming for $100,000. The latest developments include Gary Gensler, Chairman of the U.S. Securities and Exchange Commission deciding to step down in January next year; U.S October PCE data and Federal Reserve's November meeting minutes will be the focus of market attention next week. Here are key points that markets will pay close attention to in the coming week: Tuesday at 23:00 - U.S November Consumer Confidence Index, U.S Richmond Fed Manufacturing Index for November; Wednesday at 03:00 - Federal Reserve releases minutes from its November monetary policy meeting; Wednesday at 21:30 - Number of initial jobless claims in the United States as of Nov 23rd , revised value for annualized quarterly rate of real GDP in Q3; Wednesday at 23:00 - Annual/Monthly Core PCE Price Index for October in US, Monthly Personal Spending Rate for October in US; Friday at 22:45 – Chicago PMI for November (All times are UTC+8).
- 09:25Opinion: Currently, the premium on Korean Kimchi is about 0%, which may indicate that BTC still has room to riseSean Farrell, the head of digital asset strategy at Fundstra, said in the latest client report that "friends and family" have started asking about cryptocurrencies again. From quantifiable market indicators, the current situation does not show a bubble like the rebound in March or cyclical peak at the end of 2021. For example, the current Kimchi premium index data for South Korea's market is approximately 0%, indicating a lack of excessive excitement among Korean traders. Usually, if the market reaches its peak, kimchi premiums would surge to more than 10%. The rise over the past week should not be seen as purely speculative prosperity; Bitcoin may still have room to grow.
