Author: driver789
The crypto markets are sitting in a mood that rarely looks like hope. Fear sits very high, and that kind of fear has traders asking whether the worst is already behind them or still to come. Extreme Fear And Market Signals Reports note the Crypto Fear & Greed Index recently hit a low of 11, one of the weakest readings this year. That kind of reading has shown up near big turns before, but it is not a guarantee of an instant rebound. Some pieces of market data point to deeper stress — consumer credit trouble, weak housing figures, and…
Bitcoin price climbed more than 7% today, pushing above $69,000 and marking one of its strongest daily moves during months of sell-offs. The rally follows weeks of compressed trading and comes as several price-based and miner-linked signals point to exhaustion in the recent drawdown. The bitcoin price fell close to 50% from its early-October high near $125,000 to a February low around $60,000. That decline placed bitcoin below its estimated average production cost for the first time since late 2022, a zone that has often aligned with late-stage selling and price stabilization. Current estimates put average production near $66,000, meaning…
A former contender for governor of California has been banned from Kalshi after betting on his own candidacy last year in violation of insider trading rules, the prediction market platform said on Wednesday. According to a statement from Kalshi’s head of enforcement, Robert DeNault, the politician bet about $200 on his candidacy for governor of California and posted about it on X, leading to a five-year suspension on the prediction market platform and a $2,000 penalty.Kalshi did not name the politician, but said he is no longer running for governor and is now running for Congress. The description appears to…
Bitcoin BTC$68,245.27 snapped back near $69,000 on Wednesday, rallying more than 10% from Tuesday’s low as crypto markets staged a broad relief rally after a prolonged stretch of pessimism.Ethereum’s ether (ETH), DOGE$0.1006, native tokens of Solana (SOL) and ADA$0.2960 all posted double-digit gains, extending a move that caught many traders leaning the wrong way.Digital asset stocks, battered lower in the past months amid falling crypto prices, also enjoyed a relief rally. Stablecoin issuer Circle (CRCL) surged 34% after its earnings report, while crypto exchange Coinbase (COIN) jumped 14%. Strategy (MSTR), the largest corporate holder of bitcoin, climbed 9%, and the…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in good and bad times and never for once left my side whenever I feel lost in this world. Honestly, having such amazing parents makes you feel safe and secure, and I won’t trade them for anything else in this world. I was exposed to the…
Morgan Stanley wants to expand its digital asset offerings, including a native custody and exchange solution for crypto, the firm said during a conversation at Strategy World. Phong Le, President and CEO of Strategy, spoke with Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, about the firm’s upcoming products. Morgan Stanley will first allow clients on its E-Trade platform to buy and sell spot cryptocurrencies through a partnership. Last year, the bank said it was pursuing a spot Bitcoin ETF and planning to enable direct trading for clients via E*Trade. Over the next year, the bank intends to…
ABD’li senatör Blumenthal, Binance’in İran yaptırımlarını deldiği şüphesiyle resmi soruşturma başlattı. İddialar, aracı kurumlar vasıtasıyla para aklandığını ve itiraz eden çalışanların kovulduğunu vurguluyor. Şirketin Trump ailesinin kripto para girişimiyle olan bağları lobi faaliyeti kapsamında inceleniyor. Piyasa etkisi: Nötr Devamını…
Crypto exchange Kraken has launched Flexline, a crypto-backed loan product that allows Kraken Pro users to borrow against their digital asset holdings without selling them.According to Wednesday’s announcement, the fixed-rate loans carry terms ranging from two days to two years, with proceeds issued in crypto or stablecoins that can be traded on the platform or withdrawn, depending on regional eligibility.The company describes its eponymous product as “geared toward beginners and individual investors, while Kraken Pro is for advanced and institutional traders.”Using Flexline, customers can post supported cryptocurrencies as collateral and receive funds almost instantly. Annual percentage rates range from 10%…
Kalshi, one of the leading prediction market firms, said it caught and penalized two users for insider-trading activity on its platform, including an editor for the popular social-media star MrBeast.The company said it has more than a dozen active insider-trading cases among 200 it’s investigated. On Wednesday, Kalshi disclosed the details of two that it resolved, including against Artem Kaptur, who was identified as working for James Donaldson, known for his MrBeast persona that’s tied to its massive social-media presence as well as the reality competition show, “Beast Games.”Kaptur was said to have entered $4,000 in trades regarding what would…
Peter Schiff has a number. And he wants everyone to see it. The longtime gold supporter and Bitcoin critic took to social media this week to argue that when Bitcoin’s price is measured in gold rather than dollars, the flagship cryptocurrency has lost more than 66% of its value since hitting its all-time high in November 2021. Related Reading The Math Behind Schiff’s Claim To make his case, Schiff reframed the comparison in a way that sidesteps the usual dollar-based charts. Back in November 2021, one Bitcoin could buy roughly 34.5 ounces of gold. Today, that same Bitcoin buys just…