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$3.4 Billion In Bitcoin Options Expires, Triggering Market Squeeze — Details

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Bitcoin’s price action has been grossly dramatic throughout the year. After reaching its current all-time-high price of $126,000 in early October, the world’s leading cryptocurrency saw a rapid flip to the downside. Since reaching its October high, Bitcoin spiraled to as low as $80,500, a more than 15% negative deviation in reviewing year on year […]
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Bitcoin Faces Potential Rally Trap As Smart Money Silently Reaccumulates — Details

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A recent on-chain evaluation has been published, which suggests that Bitcoin may be entering into a classic deceptive phase in its market cycle, a dynamic that poses a trap for potential market participants expecting a straightforward price recovery. Related Reading: Historic Downturn: Bitcoin Nears Worst Weekly Performance In Over A Year ‘New Whales’ Capitulate, But […]
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Bitcoin Funding Rate Reads Positive As Price Weakens — What To Expect

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Bitcoin is testing the $95,000 price support, after $100,000 failed to cushion the market-wide bearish momentum. Although the world’s leading cryptocurrency seems to be losing the fight to re-attain its six-figure valuation, on-chain data reveals that there is a growing amount of bets being placed on Bitcoin. Related Reading: Bitcoin New Role: Here’s How BTC […]
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Bitcoin’s Illiquid Supply Drops By 62,000 BTC – What’s Behind The Shift?

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Blockchain analysis platform Glassnode has shared some important insights on Bitcoin’s liquidity levels amid a rather volatile market period. Notably, the leading cryptocurrency has struggled to maintain its “Uptober” form after a price surge to $126,000 was followed by a heavy correction to below $105,000. While Bitcoin has shown some recovery activity since then, it […]
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Visa Pilots Stablecoin Prefunding To Modernize Cross-Border Payments

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Visa is launching a stablecoin prefunding pilot through Visa Direct, in a bid to make cross-border payments faster and more flexible. Visa Direct Will Utilize Stablecoins For The First Time Payments giant Visa has announced a new pilot program for Visa Direct, the firm’s real-time global payments platform. According to the announcement, which occurred at […]
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Stablecoins Recognized As Future Collateral: CFTC Opens Public Consultation

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The US CFTC has launched an initiative to explore the use of stablecoins as collateral in derivatives markets, with public input open until Oct. 20th. CFTC Launches Initiative For Tokenized Collateral & Stablecoins In Derivatives As revealed in a press release, Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline D. Pham has enacted an initiative […]