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The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.
The embattled Harbor Trade credit pool minted $1.5 million of DAI stablecoin secured with loans to a consumer electronics firm, which defaulted on $2.1 million of debt.
Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
The latest price moves in crypto markets in context for July 20, 2023.
The share of bitcoin trade volume on Japanese exchanges rose from 69% to 80% in the first six months of the year, data tracked by Kaiko show.
The CCIP protocol is designed to help build cross-chain applications and services and went live for early access users on the Avalanche, Ethereum, Optimism and Polygon blockchains this week.
El Salvador’s bonds due in 2027 have gained 62% in the last six months as the country finds itself on a better financial footing.
A lot can be learned from the listing of the first Gold ETF, but looking to the past also comes with some caveats.
We view XRP's breakout above the Ichimoku cloud as a good example for bitcoin, Fairlead's Katie Stockton said.
- 17:37Messari: Hyperliquid Volume Up More Than 4X Since Last OctoberAccording to Messari, Hyperliquid's monthly volume has grown more than 4x since October 2024, demonstrating the platform's rapid rise in the decentralised trading market. Hyperliquid has cultivated a high-value, consistently active trading user base, making it the only Layer 1 alternative on the market with a clear core user base. Its growth drivers include the introduction of new assets such as BTC in the spot market to expand the trading ecosystem and compete with CEX; HyperEVM's support for more third-party DeFi applications to increase the diversity of the on-chain ecosystem; and the structural accumulation of value through the reinvestment of transaction revenue in the HYPE token by the Assistance Fund (AF), a mechanism rarely found in most DeFi protocols. This mechanism is rare in most DeFi protocols. As the platform further optimises its on-chain order book and attracts more users, its influence in the decentralised trading market is expected to continue to grow.
- 17:36Analyst: Current Bitcoin Price Dependent on Strategy for Support, VC Funding Not Yet MassiveEmpire analyst Jason Yanowitz noted that if we exclude Strategy's (formerly MicroStrategy's) bitcoin purchases, the current cycle may still be in its early stages, with the current bitcoin price relying solely on the more than $20 billion that Strategy has poured into the market since the end of last year. The market is still in a ‘pure player takeover’ (PvP) phase, and venture capital has yet to come in on a large scale. Dan Matuszewski of CMS Holdings agrees, pointing out that the effects of the 2022 bear market are still being felt, and that there is a fundamental lack of liquidity in the market, which is preventing substantial inflows, which have yet to come in on a large scale, with the exception of a ‘select few’. The debate about whether or not the top has been reached will intensify. But regardless of the position in the cycle, we need to recognise that the new regulator is just getting started and its policies could be a catalyst for the future.
- 17:35Forecasts on Polymarket predict probability of approval of spot Solana ETF by 31 July this year falls to 35 per centThe probability of the US SEC approving a spot Solana ETF application by 31 July 2025 has fallen to 35% on Polymarket. The figure is down 41% from the high probability figure of 76% on 8 December last year.