Crypto market cap hits $3.1T high, could soon surpass France’s GDP
If the crypto market were a country, it would be the eighth largest in GDP terms behind the United States, China, Germany, Japan, India, the United Kingdom and France. Go to Source
Markus Thielen
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DeFi tokens soar 30% as traders tip ‘friendlier’ DeFi landscape under Trump
DeFi firms have feared implementing “value accrual mechanisms” for their tokens under the SEC’s oversight — but that could change with president-elect Donald Trump. Go to Source
Bitcoin shorters ‘are getting rekt’ after new $75K high
Almost $180 million in short positions in Bitcoin have been wiped as it hit a new all-time high, with an analyst saying it is “meaningful” that it is driven by spot demand. Go to Source
Bitcoin’s compressed $62K price signals ‘a large’ move next
Bitcoin’s consolidating price has a trader suggesting a big move is imminent, though uncertainty remains about the direction of BTC price in the coming days. Go to Source
Q4 crypto rally chances ‘exceptionally high,’ fueled by BTC $65K breakout
Bitcoin’s surge past $65,000 has ignited FOMO in the altcoin market, according to a crypto analyst. Go to Source
Bitcoin whale transactions see ‘noticeable’ drop since March price peak
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign. Go to Source
Bitcoin open interest jumps $1.3B following Fed’s ‘dovish’ minutes
Bitcoin Open Interest has jumped by over a billion following the United States Federal Reserve ‘dovish’ minutes on Aug. 21. Go to Source
Bitcoin technical indicators ‘improving’ at $59K may trigger short squeeze
Bitcoin technical indicators are “improving” — meaning a short squeeze may be “inevitable,” according to crypto analysts. Go to Source
Bitcoin $59K price may swing ‘drastically’ amid election year parallels
If Bitcoin follows the same pattern as previous election years, August will be “nothing crazy,” but a breakout may occur within a month or two, according to a crypto analyst. Go to Source
Institutions not so interested in Bitcoin at $58K, metric shows
10x Research’s Markus Thielen says there’s one stablecoin metric that is key to indicating institutional interest in Bitcoin, but it’s not flashing green right now. Go to Source
