What's Driving Bitcoin's Bounce Near $21K?
Bitcoin (BTC) continues to trend higher Wednesday near $21,000, but what's behind this upward momentum? Paxos Head of Strategy Walter Hessert discusses his bitcoin analysis and outlook. Plus, insights into partnering with Mastercard to help banks offer crypto trading and the potential outcomes from the upcoming Q3 GDP data.
Crypto Markets Post Largest Short Liquidations Since July 2021
Crypto markets had over $700 million in liquidations on short trades, or bets against price rises, reaching levels not seen since July 2021. This comes as ether (ETH) leads token surge, up more than 10% in the past 24 hours. "The Hash" panel discusses the latest movements in crypto and what it suggests about the crypto markets.
Bitcoin Up 5% Over 24 Hours, Surging Past $20K
Bitcoin (BTC) is up 5% in the past 24 hours, trading at $20,500 with ether (ETH) surpassing $1,500 in the meantime. IG North America CEO JJ Kinahan joins “First Mover” to discuss the tokens’ recent rally and whether volatility has returned to the crypto markets. Plus, insights on how the Fed's upcoming decisions will impact the broader market.
Bitcoin Returns Above $20K
Gerber Kawasaki's Director of Get Invested Brett Sifling discusses his analysis and outlook for bitcoin (BTC) as the cryptocurrency surges past the psychologically important $20,000 threshold for the first time in 18 days.
Bitcoin Volume vs. Altcoins Climbing Past 50% for First Time Since 2020
The share of bitcoin volume versus volume for altcoin markets aggregated across 14 centralized exchanges climbed past 50% for the first time since 2020, which could indicate bearish sentiment for the crypto markets. By contrast, the S&P 500's weekly chart has flipped bullish in a positive sign for risky assets including bitcoin.
'There's No Place to Hide': TradeStation Exec on Flat Market Conditions
"There's no appetite for any market right now," says Anthony Rousseau, senior director of product strategy at TradeStation Crypto. As bitcoin (BTC) and ether (ETH) continue to be stuck in a tight range, he says "everybody's got some hopium looking for the Fed pivot."
Chinese Intelligence Officers Allegedly Tried to Bribe US Officials With Bitcoin for Information
The Department of Justice announced that two intelligence officers working for the People's Republic of China allegedly tried bribing a U.S. government official with bitcoin in an effort to collect information about a prosecution against an unnamed company. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De breaks down the details and whether the company appears to be Huawei Technologies.
Bitcoin Remains Tight at $19K Level With Low Volatility
Bitcoin (BTC) continues in a tight trading range with traders expecting prices to remain unchanged for another week. Anthony Rousseau, senior director of product strategy at TradeStation Crypto, discusses the low bitcoin activity and his crypto outlook ahead of another Federal Reserve rate decision next week.
Veteran Trader Peter Brandt Predicts 32 Months Before Bitcoin Reaches All-Time High
Peter Brandt, Factor Trading Founder and CEO, discusses the current trading sentiment in the bitcoin market, saying "I'm not bullish, I'm not bearish, I'm just tired." He adds that bitcoin will hit a new all-time high 32 months from the previous peak of April 2021.