Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.
Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold
Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.
Shares:
Roughly 92% of the $1.09 billion in liquidations came from long bets, indicative of how heavily traders had been positioned for further gains before prices reversed.
The firm had earlier sold Circle shares in three tranches.
Juventus Football Club shares surged after stablecoin issuer Tether made, and was rebuffed on, a €1.1 billion takeover bid, while the club’s fan token saw a double-digit pullback.
At the same time, crypto investors are looking to reduce risk ahead of the U.S. election, driving bitcoin's crypto-market dominance to a cycle high.