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
Swyftx
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Trump victory may give crypto a ‘dopamine hit,’ but traders should be cautious
Crypto analysts suggest a Trump victory could give the crypto market a “dopamine hit,” but with considerable volatility already priced in, traders should remain cautious. Go to Source
Bitcoin shorters ‘likely to get burned’ if CPI prints as expected
An analyst warns that a lower CPI could squeeze Bitcoin short sellers, while a higher-than-expected CPI might lead to a Bitcoin sell-off. Go to Source
Bitcoin’s price shows ‘no clear direction’ amid active address decline
Bitcoin active addresses are declining due to a large amount of the market being “gobbled up” by institutional cash, says one analyst. Go to Source
Mt. Gox just moved $3B in Bitcoin; here’s why the price barely blipped
Crypto analysts say Mt. Gox holders are more likely committed to HODLing, and the market thinks so too. Go to Source
ETH traders should now ‘expect the unexpected’ after ETF launch
Crypto analysts argue past performance won’t help predict Ether’s prices anymore and that Ether has “all the elements to rally like it has never seen before.” Go to Source
Australian crypto exchanges look to new licensing regime with cautious optimism
Australian crypto exchanges have largely praised the Treasury’s latest proposal to place crypto exchanges under the existing financial services license regime, though some worry it could put the crypto industry into a TradFi-shaped box. Go to Source
Swyftx launches ‘Earn and Learn’ — paying Aussies to learn about crypto scams
Australian crypto exchange Swyftx said it had identified a rise in demand for crypto education during the bear market as the reason for its launch. Go to Source
Australian exchanges dispel debanking fears amid Binance saga, but risks loom
Australian crypto exchanges report no problems with their payment providers but the lack of local laws means more debanking incidents can’t be ruled out. Go to Source Powered by WPeMatico
Experts Predict Future Regulation of Crypto Exchanges by 2025, With Split Opinion on Similarity to Traditional Finance
Following finder.com’s reports on bitcoin and ethereum predictions, the product comparison site polled 56 specialists in the fintech and cryptocurrency industry to gauge their thoughts on future regulation of crypto exchanges. The experts predict that virtual currency trading platforms will be regulated, but not until 2025 or 2030. When regulation does occur, 76% of Finder’s … Read more
