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Cryptocurrency Markets
Bitcoin Struggles at $60K Resistance; Support Above $53K
Short-term downside is likely into the Asia trading day.
Junk-Rated El Salvador’s ‘Bitcoin Bonds’ Look Explosive (Think Volcano)
Anyone buying Salvador’s bitcoin-backed bond is betting on the cryptocurrency in a very big way, ignoring the country’s distressed-debt situation, one strategist said.
Biden to Renominate Powell as Fed Chair and Appoint Brainard as Vice Chair
The president cites Powell’s stewardship of the economy during the pandemic.
ProShares Bitcoin Futures ETF Wins ‘First Mover Advantage’ as VanEck Launch Falls Flat
The ProShares ETF has $1,4 billion in assets, compared with $8.7 million for the VanEck fund.
Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.
First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets
Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.
Crypto.com’s CRO Token Soars on Naming Deal for LA’s Staples Center
Amid this year’s broad gains in cryptocurrencies, CRO coin’s price hadn’t really stood out – until now.
Avalanche’s AVAX Token Surges to All-Time High After Deloitte Deal, Defying Crypto Trend
The token is up 85% in the past 30 days, pushing its market capitalization to $23 billion.
VanEck Bitcoin Futures ETF Finds Cool Reception
The new investment vehicle, trading under the stock ticker XBTF, jumped into the competition with a lower fee than two similar funds launched last month. But its first-day trading volume was still comparatively anemic.
VanEck to Launch Bitcoin Futures ETF ‘XBTF’ Next Week After SEC Rejects Spot Offering
Chicago-based CBOE exchange says in website posting that the VanEck Bitcoin Strategy ETF will start trading Tuesday under the ticker symbol “XBTF.”
