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Markets
Bitcoin Circles Above $29.5K as Investors Weigh Sluggish GDP, Latest Banking Woes
BTC dipped slightly during U.S. morning trading Thursday on the Commerce Department reporting a tepid gain in GDP for the first quarter and disappointing personal consumption data, before rebounding.
First Mover Americas: Lots of Bitcoin Futures Traders Cash Out
The latest price moves in crypto markets in context for April 27, 2023.
Bitcoin's Negative Correlation With Dollar Index Strengthens Ahead of U.S. GDP Data
The 90-day correlation coefficient between bitcoin and the dollar index has slipped to -0.70 from -0.11 four weeks ago.
Bitcoin Market Impact From Mt. Gox Repayments Will Be Limited: Matrixport
Not all the stolen bitcoin was recovered, so only a fraction of the original amount held by creditors will be compensated, the report said.
Bitcoin's 'Estimated Leverage Ratio' Hits Lowest Point Since December 2021
The estimated ratio indicates how much leverage is used by traders on average, according to CryptoQuant.
Bitcoin Volatility Hits Longs and Shorts as $175M Liquidated, $1B in Open Interest Wiped
Few leveraged futures traders were safe as bitcoin’s price movements impacted both longs and shorts.
TradFi Sees Opportunity in Crypto Despite ‘Red Wedding,’ Burning Buildings
Asset managers see decline in crypto valuations as a chance to increase exposure.
Bitcoin Tumbles as Wild Crypto Market Swing Causes $310M Losses From Liquidations
The CoinDesk Market Index (CMI), which tracks the performance of the broader crypto market, plummeted 5.6% in an hour.
First Mover Americas: Bitcoin Regains $29K
The latest price moves in crypto markets in context for April 26, 2023.
Bitcoin Rallies to $29K; Cardano Leads Gains Among Crypto Majors
Total market capitalization has risen 4.9% in the past 24 hours on expectations of Fed easing, some investors said.
