Cryptocurrency Markets
Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?
The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.
Bitcoin ‘Golden Cross’ Appears in Price Charts, Confirming Bullish Trend
The golden cross is generally regarded as a “positive” indicator,” Fundstrat wrote Wednesday in a note to subscribers.
Tether Denies Holding Evergrande’s Commercial Paper as Reserve for Stablecoin USDT
It’s the latest twist in ongoing speculation over the quality of the reserves backing USDT.
Staking Giant Lido Expands to Solana
Lido controls over 80% of the fast-growing market for ether staking derivatives.
Bitcoin Tumbles Most Since May and El Salvador Buys the Dip
Price drop triggers about $3 billion of liquidations of trading positions due to margin calls.
Lido Dominates Booming Market for Ethereum 2.0 Staking Derivatives
The exchange allows users to earn staking rewards and still trade staked coins elsewhere.
Solana’s SOL Token Nearly Tripled in August as Investors Bet on ‘Ethereum Killers’
Terra’s LUNA and Cardano’s ADA also surged as Ethereum’s scalability issues pushed investors to speculate on alternative DeFi base layers.
Cardano’s ADA Token Surges as Fresh Buyers Jump In
The coming launch of smart contracts into the network is providing a boost, one research firm said.
Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments
No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.
