Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.
Crypto Markets Today: XMR Rallies Despite 18-Block Reorg
Bitcoin traded in the red having failed to establish a foothold above $116,000 as whales rotated more funds into ether.
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The decline occurred on volume that was 35% above the token's 30-day average.
A "near perfect" instrument is how Bitwise's Jeff Park described the new offering.
Circle is positioned to benefit from surging stablecoin adoption and supportive regulation, but the company’s valuation already reflects much of the upside.
Short-term Japanese yields reached their highest level since 2008, strengthening the yen and pressuring leveraged crypto positions during Hong Kong trading hours.