Asia Market Open: Bitcoin Edges Lower As Asia Follows Wall Street’s Tech Rout
Bitcoin price slips toward $86,000 as Asian markets open lower, extending a risk-off move from Wall Street’s tech-led sell-off.
Bitcoin price slips toward $86,000 as Asian markets open lower, extending a risk-off move from Wall Street’s tech-led sell-off.
The US Federal Reserve withdraws its outdated guidance blocking banks from engaging with crypto, reflecting an evolving understanding of the cryptocurrency space and potentially paving the way for greater banking involvement.
Coinbase announces eight new offerings, including robo-advisers, custom stablecoins, and prediction markets, to cater to institutional investors and individuals.
World Liberty is reportedly considering allocating $120 million to boost its USD1 stablecoin adoption and compete with USDT and USDC.
Ethereum’s potential gas limit increase to 80 million could lead to faster transaction speeds and improved network efficiency, but also poses risks of increased congestion and higher fees.
Bittensor aims to decentralize artificial intelligence through its proof-of-intelligence consensus mechanism, but faces challenges such as centralization risks and security issues.
Bitcoin’s market value saw a dramatic fluctuation of nearly $100 billion within hours, driven by high volatility and liquidations, potentially triggered by a short squeeze.
The cryptocurrency market is showing signs of recovery, with Bitcoin, Ethereum, and Cardano leading the charge. However, the recovery relies on the exhaustion of bears, and investors should remain cautious.
Prediction markets have been framed as the new “meme coins” of 2023, but do they have the potential to be the next alpha-generating sector in crypto?
Bitcoin price prediction: Can BTC reclaim $100K and invalidate the bears? Active wallets drop to 2023 lows as liquidity thins.