USDT, the world’s largest dollar-pegged stablecoin, is trading well above its face value on Indian crypto platforms. While local reports attribute the premium to a recent enforcement action, exchanges explain it as simple supply-demand dynamics. The stablecoin’s premium rose 7-10% above its dollar value on Indian platforms over the weekend. At one point, USDT was […]
In the yen carry trade, a weak yen (rising USD/JPY) is supposed to be accompanied by a rise in BTC, just as it tends to support stocks. Extending this logic, a strengthening of the yen should trigger risk aversion in both stocks and cryptocurrencies. This is precisely what happened in late July/early August 2024, when
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U.S. spot bitcoin ETFs lost a net $231 million on Monday, with BlackRock’s IBIT accounting for $300 million in outflows that other funds partially offset, including $50 million to ARKB and $35 million to GBTC, according to SoSoValue data. The flight occurs as risk appetite increases elsewhere. Wall Street’s tech rally extended to Asia on
BlackRock IBIT loses $300 million as Bitcoin demand declines Read More »
The recovery began about 18 months ago, before the first MiCA rules came into effect, she said. Stablecoin regulations began to apply around a year ago and crypto-asset service providers went through a transition period before the deadline of July 1, 2026. After this date, companies relying on old national regimes will no longer be
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Bitcoin stuck below $60,000 as rates shake and ETF outflows persist
Bitcoin stuck below $60,000 as rates shake and ETF outflows persist Read More »
On-chain demand remained weak throughout the decline, according to Glassnode data. The number of active addresses, a rough measure of how many users are actually transacting, is around 618,000, in the middle of its recent range rather than exceeding. The value of coins circulating through the network stood at nearly $4.2 billion, just above the
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• The token is trading within a range of $0.0435 and continues to hold above the psychological support level of $1.00. • The main burst of activity occurred on June 29 at 5:00 p.m., when volume reached 86.5 million XRP, approximately 67% above the 24-hour average. • The price then consolidated between $1.03 and $1.06,
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Bitcoin BTC$59,527.36 is down more than 1% on Tuesday as the Japanese yen fell to a four-decade low against the U.S. dollar, triggering volatility in foreign exchange markets. The leading cryptocurrency by market value is trading below $60,000, holding below the 200-week simple pivot moving average. On Monday, Strategy, the world’s largest publicly traded BTC
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Crypto market enters final part of month in perilous position with Bitcoin BTC$59,883.34 still below $60,000 and ether (ETH) below $1,600. The price of bitcoin has now lost more than 50% of its value since October’s record high, with analysts suggesting further declines are expected over the coming months. The largest cryptocurrency is slightly in
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The outlook for the crypto market remains fragile. Growing concerns over rising Federal Reserve interest rates, a strengthening dollar, rising U.S. Treasury yields, record ETF outflows and airstrikes in the Middle East bid for bitcoin. BTC$59,774.85 bulls have little reason to be optimistic. Still, market dynamics provide a glimmer of hope. Bullish positioning, particularly in
