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Bitcoin slipped after a slightly higher-than-expected U.S. inflation print and a rise in weekly jobless claims.However, analysts remain optimistic about its long-term prospects, particularly with potential Fed rate cuts and the upcoming U.S. presidential election.
According to the analyst, Chinese pressure on Ethereum price may continue.
Centralized exchanges are favored by 58% of traditional hedge funds for liquidity and ease of use.
The exchange said it is enhancing its token evaluation process, focusing on tokenomics, distribution, utility and the development team's experience.
A newly formed cryptocurrency committee within South Korea’s top financial regulator, the FSC, will review the current ban on spot crypto ETFs.
- 18:24OPINION: Decline in Bitcoin Volatility and Open Contract Positions Suggests Traders Are Taking a Wait-and-See ApproachBitcoin traders are adopting a wait-and-see attitude due to weakening demand, lack of blockchain activity and slowing liquidity inflows. Their attitude is reflected not only in declining volatility, but also in a sharp drop in positions. ‘The market is in a cooling phase right now,’ said David Gogel, vice president of strategy and operations at the dYdX Foundation. ‘Bitcoin has been holding firm, but after failing to break above $105,000 in January, we're seeing a slowdown in inflows and speculative assets like Meme Coin taking a hit.’
- 18:22VISA CEO: Stablecoin trading volume up 40% in last two yearsOdaily Planet - VISA CEO: Stablecoin Trading Volume Up 40% in Last 2 Years.
- 17:37Mainstream CEX Cumulative Short Liquidation Strength to Reach $386 Million if Bitcoin Breaks $100,000On 20 February, according to Coinglass data, if Bitcoin breaks above $100,000, the cumulative short liquidation strength of mainstream CEX will reach 386 million. Conversely, if Bitcoin falls below $95,000, the cumulative long liquidation strength of mainstream CEX will reach 466 million. BlockBeats Note: The liquidation chart does not show the exact number of contracts to be liquidated, or the exact value of contracts being liquidated. What the bars on the chart show is actually the importance, or strength, of each liquidation cluster relative to the neighbouring liquidation clusters. Thus, the liquidation chart shows how much the underlying price will be affected by reaching a certain position. Higher ‘clearing bars’ indicate that the price will react more strongly when it arrives because of the liquidity wave.