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Ether and other major cryptos are swept upward in a banner day for crypto markets. PLUS: While the number of large bitcoin holders increases, bitcoin sent to exchanges continues to fall, writes CoinDesk's analysts.
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
The bankrupt crypto lender was given permission to convert its roughly $170 million altcoin stash to BTC and ETH.
Crypto miners were also included in the rally as bitcoin rose to its highest level in 13 months.
A federal judge on Thursday ruled he sale of Ripple’s XRP tokens on exchanges and through algorithms did not constitute investment contracts.
The rapidly growing TUSD, favored by crypto exchange Binance, poses risk to the market, according to the crypto research firm.
The latest price moves in crypto markets in context for July 13, 2023.
Ondo’s OUSG token, one of the largest on-chain tokenized Treasury products, has accrued $134 million of assets under management on Ethereum.
The bank said it sees few positive drivers for the crypto exchange’s share price in the near term.
Data shows most SHIB market depth is under $1 million on various crypto exchanges, and a sell order of that value could move token prices by 2% immediately.
- 20:04Open Positions in Bitcoin Contracts Across the Web Fall to $59.018 BillionOn December 28th, the open position in bitcoin futures contracts across the web stood at 625,600 BTC ($59.018 billion), a 24-hour drop of 4.5%, according to data.
- 20:04A giant whale hoarded another 1.42 trillion PEPEs in the past 6 daysOn December 27, a giant whale sold all of its PEPE holdings during the December 19 market decline for a total profit of $11.7 million, according to the Monitor.
- 20:03Citi: Stablecoin Adoption and ETFs to Drive Cryptocurrency Performance in 2025On December 27, it was reported that continued adoption of stablecoin and cryptocurrency exchange-traded funds (ETFs) will drive cryptocurrency performance in 2025, according to a December 26 research note from Citi. Crypto ETF inflows, on-chain activity, and stablecoin use all surged after Donald Trump won the U.S. election in November, and these metrics are expected to remain high heading into the new year, Citi said.
