RWA

Bitcoin traders ran out of excuses for the market’s flatline – and now a $2.5 billion bet is running out of time

CryptoSlate3h agoUpdated 2h ago
Bitcoin traders ran out of excuses for the market’s flatline – and now a $2.5 billion bet is running out of time
Smart Read

Traders spent most of July with a pretty good explanation for why Bitcoin wouldn't move. A dense cluster of options contracts had the price boxed in, they argued, because the dealers who sold those contracts were buying every dip and selling every rally to keep their own books balanced. Clear the contracts away, and Bitcoin […] The post Bitcoin traders ran o...

Coins in this story

Related stories

Shiba Inu surges 36% as South Korean traders fuel mystery rally
CoinDesk10h ago60-word brief

Shiba Inu surges 36% as South Korean traders fuel mystery rally

The rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume....

Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca
CryptoSlate6h ago60-word brief

Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca

Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would represent most of the market. With DTCC preparing to launch its own tokenization service in October and the SEC warning that third-party stock tokens can expose investors to additional ownership and intermediary risks, the number...

Bitcoin price has a $64.5k trap as Sunday’s close forces traders between a $68k relief rally or a drop to $60k
CryptoSlate5h ago60-word brief

Bitcoin price has a $64.5k trap as Sunday’s close forces traders between a $68k relief rally or a drop to $60k

Bitcoin is trading near $64,500 this weekend, sitting between $65,000 resistance above and $62,500 support below, the two prices that will define its week. Bitcoin climbed as high as $66,990 on July 21, a one-month high, before slipping back under $65,000 and turning that former breakout line into overhead resistance. Trading volume over the past […] The pos...

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.