What is a top-heavy market, and are we in one?
What is a top-heavy market, and are we in one?Bitcoin price is still vulnerable under the weight of the growing supply held at an unrealized loss.
Happy Thursday!The global crypto market cap is $1.05 trillion, with a 24-hour volume of $31.14 billion. The price of Bitcoin is $26,073.50, and BTC market dominance is 48.3%. The price of Ethereum is $1,649.59, and ETH market dominance is 18.9%. The best-performing sector is Cannabis, which gained 7%. The Crypto Fear & Greed Index is currently Fear (41). Top News
What is a top-heavy market, and are we in one?Bitcoin price is still vulnerable under the weight of the growing supply held at an unrealized loss. Bitstamp to end Ethereum staking for U.S. customers in SeptemberThe decision comes in the aftermath of actions by the U.S. Securities and Exchange Commission (SEC), which has scrutinized platforms offering staking services. Reserve Bank of Australia issues report on CBDC use casesThe Australian central bank published research on the potential benefits and complex challenges associated with CBDCs. Latest Insights
More NewsFTX wants court to allow up to $200M weekly crypto sale, restart ‘hedging’ BTCProposed engagement with Galaxy bolsters FTX's restructuring endeavors by monetizing crypto assets. SEC, DOJ file charges against creator of little-known Blazar TokenAn ex-police officer ran a crypto scheme that promised to replace state pensions. Tornado Cash co-founders charged by DOJ; one sanctioned by U.S. Treasury while the other arrested by FBIRoman Storm and Roman Semenov both face charges but only Storm has been apprehended. Pantera predicts 322% Bitcoin price surge to $148k after halving in 2024Bitcoin's impending halving and past trends hint at potential market surge, according to Pantera Capital. Binance shutters crypto card services in Latin America, Middle EastBinance clarified that the service suspension would affect less than 1% of its users in the markets.
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Bitcoin dips but options market holds steady
Wednesday, August 23, 2023
Stable open interest shows the options market remained relatively unfazed by Bitcoin's price drop.
Sam Bankman-Fried allowed to meet with lawyers for supervised, one-time Internet access
Tuesday, August 22, 2023
The six-and-a-half hour meeting represents the only court-approved Internet access that Mr. Bankman-Fried currently will be allowed.
Vitalik Buterin stirs market uncertainty with $1M Ethereum transfer to Coinbase
Monday, August 21, 2023
Ethereum price has struggled considerably since last week's flash crash.
52 Years of Fiat: The economic legacy of abandoning the gold standard
Sunday, August 20, 2023
CryptoSlate's latest report dives deep into the US government's decision to abandon the gold standard in 1971 and its far-reaching consequences, many of which are still unfolding today.
Ethereum’s new ‘Holesky’ testnet to launch in September
Saturday, August 19, 2023
The new network will replace the project's current Goerli testnet.
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