Bitcoins

Bitcoin’s 160% Recovery in 2023 Is a Gamble on ETFs “Demand Shock” – Yahoo Finance

(Bloomberg) — The sense of doom that gripped crypto markets in late 2022 after a $1.5 trillion loss has given way 12 months later to a very different mood: stinginess. Most read by Bloomberg Bitcoin stormed back this year with a gain of more than 160%, adding around $530 billion to its market capitalization. As … [Read more…]

Bitcoin’s 4% Drop Cools Overheated Funding Rates, Data Shows – CoinDesk

The 4% drop to $42,000 cooled the overheated crypto perpetual futures market and paved the way for a steady rise through the end of the year. Perpetuals are futures with no expiration date with a funding rate mechanism that helps tie the prices of the perpetuals to the index price. Funding rates are regular payments … [Read more…]