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Markets
First Mover Americas: Upbit Moves Up to No. 2 in Spot Trading Volume
The latest price moves in crypto markets in context for August 4, 2023.

Bitcoin Holdings on OTC Desks Decline 33%: Glassnode
Over-the-counter desk balances are widely considered a proxy for institutional activity. Still, caution is warranted when drawing conclusions.

Bitcoin Wobbles at $29K as XRP Leads Altcoin Losses; SHIB, Helium Gain
Cryptocurrency markets sold off Friday afternoon as equity markets gave up early gains and closed the day in red.

Bitcoin Remains Unmoved by Rise in Jobless Claims, Treasury Rates
Treasury yields hit 10-year highs, sounding a note of potential caution for risk markets, cryptocurrencies, but bitcoin continued to be unstirred by macro events.

First Mover Americas: Justice Department May Charge Binance With Fraud: Report
The latest price moves in crypto markets in context for August 3, 2023.

Litecoin Plunges 6% to Fresh Monthly Lows on Halving Day
Historically, LTC has tended to peak ahead of its halving event, at which miner rewards are slashed by 50%.

Bitcoin Sees Little Boost From Fitch Downgrade, Slumps on Binance Contagion
Correlations between movements in the crypto and stocks have turned negative of late.

Bitcoin ETF Approval Odds Just Got Better: Bloomberg Analysts
They now see a 65% chance a U.S. spot bitcoin ETF will launch this year, up from 50% previously.

First Mover Americas: Race for Ether ETFs Kicks Off With 6 Asset Managers Filing
The latest price moves in crypto markets in context for August 2, 2023.

Bitcoin Looking Oversold, but Any Bounce Could Be Disappointing
Any macro catalysts for bitcoin may have to wait until after Labor Day.
