Trading


Markets

Crypto Bulls Lose $217M Amid Concern About Grayscale Outflows

Bloomberg's Eric Balchunas pointed out that GBTC shares flipped to a 0.9% discount versus net asset value amid "likely due to selling pressure."

A bear looking at the trees. (Olen Gandy, Unsplash)

Markets

Bitcoin Downside Risks Remain Despite Early Success of Spot ETFs, Observers Say

Several on-chain metrics and indicators still suggest the price correction may not be over or at least that a new rally is still not on the cards, one firm said.

Risk (Gino Crescoli/Pixabay)

Markets

Arthur Hayes Believes Bitcoin ETFs Could Bring in Billions From TradFi

ETFs could open up a line of trading avenues centred around arbitrage, options and financing, Hayes said.

Arthur Hayes (CoinDesk)

Markets

Bitcoin ETF Approval Is Historic Moment for BTC, Miners: Analysts

Mining stocks represent an attractive opportunity for investors looking to gain access to the long-term bitcoin adoption trade, the analysts wrote.

Bitmain Antminer S19 Hydro mining rigs, the company's latest technology, installed at a Merkle Standard facility in Washington state. (Eliza Gkritsi/CoinDesk)

Markets

Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations

Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.

SEC headquarters (Nikhilesh De/CoinDesk)

Markets

Jim Cramer Now Says Bitcoin Is 'Topping Out'

Cramer’s picks have the tendency to move in the opposite direction he touts.

Jim Cramer

Markets

Bitcoin ETF Approval Expected Soon, Bears Lose $100M

Futures tracking crypto markets saw some $155 million in shorts liquidated in the past 24 hours after a sudden uptick in prices in U.S. hours.

SEC headquarters (Nikhilesh De/CoinDesk)

Markets

Bitcoin Could Rally to $50K as Gensler Faces Pressure to Approve ETF, Traders Say

Major tokens solana (SOL), ether (ETH) and Cardano’s ADA started to stabilize early Thursday after dropping more than 10% in the past 24 hours.

BBitcoin faces headwinds (Pixabay)

Markets

'Deniers Are Crypto's Flat Earthers' as Markets Flash 83% Odds of Bitcoin ETF Approval

The popular Polymarket market bet “Bitcoin ETF approved by Jan 15?” has attracted almost $1 million in volume from hundreds of users.

Speculators are overwhelmingly betting on bitcoin ETF approval by Jan. 15. (Pixabay)

Markets

Arbitrum Token Sets Record High as Value Locked Crosses $2.5B

Transaction volumes on the network overtook those for Solana-based applications, which boomed after a meme coin-led frenzy in December.

(Danny Nelson/CoinDesk)