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Polymarket takes another step in its return to the United States with a margin trading plan
Prediction marketplace Polymarket has applied for a license to offer US users margin trading, allowing them to place bets with less initial capital, Bloomberg reported on Thursday. Polymarket’s U.S. subsidiary, Coming Home GBA LLC, has applied for a futures commission dealer license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will
Bitcoin trades above key technical support as 307-day consolidation nears all-time high
Bitcoin BTC$64,314.69 is trading around $64,000, marking 307 days in the $60,000-$70,000 range. The consolidation range is now the third longest period spent in a $10,000 price range in Bitcoin history, behind only the $10,000-$20,000 and $20,000-$30,000 ranges during the 2018 and 2022 bear markets respectively, according to Glassnode data. From a technical perspective, Bitcoin
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Bitcoin receives a bullish signal from the MACD. Next stop above $70,000?
Traders generally do not rely on a single indicator to determine market trends. But this particular MACD has proven reliable as a standalone indicator despite price falling from the all-time high of $126,000. Since October, negative crossovers have reliably marked the start of steeper declines, while positive crossovers have preceded significant recoveries – including the
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Bitcoin ETFs Bleed Again as Ether Funds Experience Five-Day Inflow Streak
U.S. spot bitcoin ETFs lost a net $95 million on Thursday, according to SoSoValue data, while ether ETFs lost about $52 million, ending a five-day surge period that had been the steadier side of the market. Fidelity’s FBTC led Bitcoin’s exit with around $63 million, followed by ARKB with around $40 million. BlackRock’s IBIT remained
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XRP Price Jumps 2% on Bitcoin Strength as Buyers Break $1.10 Resistance
• The main breakout occurred around 01:00 UTC, when volume surged to 43.51 million XRP, approximately 88% above the 24-hour average. • The move took XRP to an intraday high of $1.1065 before the price stabilized between $1.1020 and $1.1040. • A subsequent 60-minute peak reached 14.17 million in volume, pushing XRP from $1.0958 to
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Strong dollar, lagging yen
Early in the day, traders received Japan’s producer price index for June, which came in at 7.1%, the fastest annual rise since March 2023. The surge in wholesale inflation reinforced expectations of further rate hikes from the Bank of Japan. A former central bank official said Thursday the BOJ could raise rates more quickly, potentially
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What next as bitcoin hits nearly $64,000
“Once liquidations begin to influence prices, the market may move faster than actual demand would warrant,” said Shawn Young, chief analyst at MEXC Research, who is monitoring how bitcoin trades in the $60,000 to $63,000 range now that the first rally is underway. MSCI’s Asia-Pacific stock gauge climbed 1.4% as investors turned their attention back
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SK Hynix and CXMT IPO Boom Could Pull Capital Out of Crypto
The U.S.-blocked company plans to use the proceeds to upgrade its production lines and technology after posting explosive growth, including first-quarter revenue of 50.8 billion yuan, up 700 percent year-on-year. Reuters estimates that CXMT had about 7.7% of the global DRAM market last year. These deals follow SpaceX (SPCX) and Cerebras (CBRS), two AI-related listings
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Robinhood Channel Hits $568 Million Trading Frenzy, Profiting Arbitrum
Digital broker Robinhood’s new channel is off to a great start and the benefits are trickling down to the Ethereum-based Arbitrum network. Arbitrum’s native token (ARB) surged 19% in the past 24 hours, making it the best-performing asset among the top 100 cryptocurrencies, according to CoinDesk data. Bitcoin BTC$63,146.23 rose slightly by 1.5% to trade
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