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Why Bitcoin's Longest Run Above $10,000 Matters
Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long-term HODLers in the process.
Updated Sep 14, 2021, 10:01 a.m. Published Sep 28, 2020, 7:00 p.m.
Bitcoin has been above $10,000 for even longer than the record 2017-18 run, giving confidence to long-term HODLers in the process.
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Today on the Brief:
- After four weeks down, bitcoin bounces back on suspicions that recent bearishness was overblown
- KuCoin exchange gets hacked for somewhere between $150 million and $280 million
- Jack Dorsey outlines Twitter’s blockchain and bitcoin beliefs during Oslo Freedom Forum appearance
See also: Understanding the Coming Currency Cold War
Our main discussion: Digging into bitcoin’s 64-day run over $10,000
Bitcoin has been above $10,000 for longer than any time in its history. Its volatility is also at recent historic lows. In this episode, NLW puts this in the context of broader market movements and explains why new price floors are self-reinforcing.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.
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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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