Bitcoin’s role in financial markets is changing, and there are some numbers that make this very clear. Michael McGlone, a Bloomberg Intelligence strategist, pointed out that as of Sept. 10, the 48-month correlation between Bitcoin and the S&P 500 reached 0.5598, its highest point on record. To put it simply, the leading cryptocurrency is now
All top 10 coins are again in the green zone, according to CoinStats. BTC/USD The rate of Bitcoin (BTC) has increased by 1.54% since yesterday. Despite today’s rise, the price of BTC is going down after a false breakout of the local resistance of $114,462. If the daily bar closes around the support, there is
According to Arkham, a wallet that had not been used for over 13 years, suddenly transferred some of its balance, showing that some of the biggest crypto fortunes were made back when Satoshi Nakamoto was still online. The address received 312 BTC in 2012, at an average price of $12.22 per coin. At that time,
Crypto-related stocks including Galaxy Digital (GLXY), Circle Internet (CRCL) and Bitfarms (BITF) posted double-digit gains on Thursday as bitcoin BTC$114,156.05 rose the highest since mid-August. Galaxy, a digital asset investment and data center conglomerate led by Mike Novogratz, added 12%. The company was a lead investor in Forward Industries’ $1.65 billion fundraising closed today to
The recent surge in upside liquidity appears to suggest that Bitcoin (BTC) might be up for another monster short squeeze. At the time of writing, the cryptocurrency is trading at over $113,934, with nearly $16 billion in leveraged short positions across Binance, Bybit, and OKX exposed, according to the latest data from CoinGlass retrieved on
Russia’s central bank intends to permit funds to invest in derivatives based on crypto assets, a representative of its management has indicated. The goal is to admit management companies to the growing market, as currently only brokers provide qualified investors with access to such instruments. Bank of Russia to give funds access to cryptocurrency derivatives
SharpLink Gaming’s co-CEO is pushing back on concerns that the crypto treasury trend will negatively impact the industry, telling Decrypt that it will not be the black swan event that drags down the crypto market this cycle, akin to the FTX collapse of the past. Rather, the recently appointed leader for the publicly traded company—which has
The world of corporate finance is witnessing a significant shift, and a recent announcement from a US-listed company is set to add more fuel to this evolving landscape. Mogu Inc. (NYSE: MOGU), a prominent player listed on the New York Stock Exchange, has unveiled an ambitious plan: a substantial Mogu crypto investment of up to
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead. Grab a coffee and take a moment because Europe’s financial outlook is shifting fast. France’s bond market is straining under the weight of debt and deficits, and some see this as the spark for
While many developed markets focus on complex financial products such as ETFs or DeFi, Sub-Saharan Africa is demonstrating the real-world strength of crypto by turning Bitcoin and stablecoins into vital tools for millions of people facing inflation and foreign exchange restrictions. With on-chain value growth of 52% over the past year, the region has risen