Bitcoin, the world’s largest cryptocurrency by market value, rallied over the past 24 hours after several traditional finance firms announced moves into the crypto market, indicating bullish sentiment. LedesmaLyllah and godbole17 report.
like FTX, Celsius Network, BlockFi and Voyager Digital Holdings. Invesco also emphasized the need for investor protection, saying that approval for such a spot bitcoin ETF hinges on a surveillance sharing agreement with a significant, regulated market, not on the regulation of the spot bitcoin market itself.The chart shows annualized rolling three-month basis in bitcoin futures listed on the Chicago Mercantile Exchange and offshore exchanges since January.
The CME basis or premium has jumped to a yearly high of 12%, indicating a bullish action on the global derivatives giant.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Americas: Bitcoin Trades Flat, Altcoins Nurse LossesBitcoin held steady over the weekend, with altcoins continuing to lag behind. Bitcoin traded between $26,200 and $26,300 and ether, starting the weekend around $1,700, remains the same. LedesmaLyllah and godbole17 report in First Mover Americas.
Read more »
First Mover Americas: Tokenization Might Be a $5T Opportunity: BernsteinThe benefits of tokenization are simple, the process brings operational efficiencies and improved liquidity and accessibility, Bernstein said in a research report on Tuesday. LedesmaLyllah and godbole17 report in First Mover Americas.
Read more »
First Mover Asia: Bitcoin 'Looks Vulnerable': AnalystThe largest crypto by market value ticked upward to $26.8K as Asia markets opened. ALSO: A Financial Times report Monday raised fresh questions about the appropriateness of crypto exchanges operating market makers.
Read more »
First Mover Asia: Bitcoin Has Its Eyes on $30K Amid Steadfast Institutional InterestALSO: Smart contracts crypto lending platform Aave has continued its year-to-date momentum this month. The version 3 (v3) blockchain’s total value locked (TVL) has surged 15% in June to $1.76 billion, data from blockchain analytics firm DefiLlama shows.
Read more »
Bitcoin 'Permabull' Max Keiser: 'El Salvador Will Be Debt Free by 2030 With Bitcoin' – Bitcoin NewsAccording to Max Keiser, thanks to Bitcoin, El Salvador will be debt free by 2030, as the Bitcoin price comes close to one million dollars.
Read more »
Bitcoin, Ethereum Technical Analysis: BTC Consolidates on Monday, After Recovering Recent Losses – Bitcoin NewsBitcoin recovered recent losses over the weekend, setting the stage for a potential rally this coming week.
Read more »