A massive amount of traders were liquidated as the BTC price dropped to $25,300, but was it primarily retail traders that were washed out? The price of Bitcoin fell by 11.5% from Aug. 16 to Aug. 18, resulting in $900 million worth of long positions being liquidated and causing the price to hit a two-month low….
Users will still be able to deposit and withdraw USDT, DAI and RAI after the deadline, but trading will be suspended. Cryptocurrency exchange Coinbase will suspend trading of the Tether, Dai, and RAI stablecoins for Canadian users beginning Aug. 31. In an Aug. 17 email notice to users, Coinbase said, ”We regularly monitor the assets…
The United States Securities and Exchange Commission isn’t likely to block the debut of Ethereum futures ETFs, according to sources. The price of Ether surged around 11% to $1,700 following news that the United States Securities and Exchange Commission is set to allow the first exchange-traded funds (ETFs) based on Ether Futures. According to an Aug. 17 report…
Bitcoin’s price fell approximately 8% in a span of 10 minutes, leaving crypto investors scrambling to make sense of the drop. Elon Musk’s SpaceX reportedly selling its Bitcoin holdings, the bankruptcy of a Chinese property giant, and fears of interest rate hikes have been among the theories raised as to Bitcoin’s freak price dip. On Aug. 18 around…
The M2 platform will launch later in 2023, allowing UAE-based retail and institutional clients to buy, sell and custody digital assets. The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) has granted financial services permission to virtual asset firm M2 to operate a multilateral trading facility from the United Arab Emirates…
Even if the filings for Bitcoin spot ETFs are rejected, Lee predicts Bitcoin’s halving event will still push up BTC’s price — but not to six figures. The price of Bitcoin will surge past an eye-watering $150,000 by the end of 2024, as long as the current slew of United States spot-Bitcoin exchange-traded funds (ETFs) are approved,…
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