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Why Bitcoin Could Still Fall to $47K in This Market Correction
Why Bitcoin Could Still Fall to $47K in This Market Correction

The crypto market may have further to fall according to one prominent technical analyst who has fingered futures traders for exacerbating the losses.

Cryptopotato·2024/07/09 11:49
Local Bottom or More Pain for Bitcoin’s Price? Bitfinex Analysts Chip In
Local Bottom or More Pain for Bitcoin’s Price? Bitfinex Analysts Chip In

Bitfinex said the market could recover soon because the large BTC sales from Mt Gox creditors and the German government has been priced in.

Cryptopotato·2024/07/09 11:49
UPDATE: German government continues bitcoin selling spree; less than half of its holdings remain
UPDATE: German government continues bitcoin selling spree; less than half of its holdings remain

Quick Take The German government continued to send and receive thousands of bitcoins from crypto exchanges and market makers on Tuesday. The government currently holds 22,846 bitcoins, less than half of the 50,000 bitcoins it seized from Movie2k in January.

The Block·2024/07/09 11:25
Chainlink (LINK) Price Outlook: Whales Step up as Important Metrics Flash Recovery Signals
Chainlink (LINK) Price Outlook: Whales Step up as Important Metrics Flash Recovery Signals

Whales have accumulated nearly $77 million worth of LINK tokens in the past week.

Cryptopotato·2024/07/09 08:19
Flash
22:41
US Stock Alert | Quantum computing company Quantinuum Inc (QNT.US) debuts on the US stock market, closes with a slight increase of 0.63%
The IPO price is $60. The company was founded in 2021 through the merger of Honeywell’s quantum computing division and the UK’s Cambridge Quantum. Quantinuum positions itself as a “full-stack quantum computing platform,” covering both hardware and software. Its clients span the pharmaceutical, materials science, financial, government and industrial sectors, including JPMorgan and Amgen.
22:35
CME CEO expresses serious concerns about the new "perpetual contracts"
Golden Ten Data reported on June 5 that Terry Duffy, CEO of CME Group, expressed that he is "very concerned" about the rise of so-called "perpetual futures." Perpetual futures are an increasingly popular financial contract that recently received key regulatory approval in the United States. Duffy pointed out that "perpetual contracts" have almost no practical use for institutional investors, yet they expose retail traders to excessive risk. Duffy stated: "I have serious concerns about the structural design of these contracts. I do not want to see people who lack an understanding of the product end up being forced out due to liquidation, as they should not be participating in such contracts in the first place."
22:18
USD/JPY just hit the 160.00 level, now quoted at 160.00, down 0.00% on the day
The US dollar against the Japanese yen has just hit the 160.00 mark, now quoted at 160.00, down 0.00% on the day.
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