On May 22, Bitcoin long positions worth about $320 million were liquidated following the SEC's unexpected delay of a plan to grant exemptions for US crypto firms to trade tokenized stocks. This regulatory setback caused Bitcoin's price to drop toward $76,000 and ended a week of sustained buying pressure. Traders had built leveraged long positions expecting a regulatory green light, but the delay forced many to exit. The postponement highlights ongoing cautious regulatory moves in the US crypto market, impacting sentiment and market structure as investors await clearer rules on tokenized equities.
Galaxy Digital CEO Mike Novogratz remains optimistic about Bitcoin due to persistent US fiscal deficits, with July's deficit hitting $432 billion. He links the government's high debt and spending to inflation and predicts these financial imbalances w...
Cboe BZX Exchange has filed with the SEC to list the first triple-leveraged Bitcoin and Ether ETFs in the US, aiming to deliver three times the daily returns using CME futures contracts. The proposal, submitted on August 10 and published on August 14...
XRP is declining against the US dollar, nearing the key $1 level, signaling potential further drops if this support fails. However, technical analysis against Bitcoin shows XRP may have hit a bottom and is poised for a rebound, possibly gaining about...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading near $63,138, slightly down by 0.5%, and Ethereum showing a small gain of 0.2%. Several altcoins like OKB and SHIB have notable increases, while others such as UNI and INJ face declin...
Cryptocurrency markets show a general downward trend with Bitcoin priced at $63,130, down 1.4%, and Ethereum at $1,884.93, down 0.7%. Other major coins like Binance Coin and Solana also saw slight decreases. This reflects ongoing market volatility an...
