Bitcoin’s move, led by unwinding of shorts, has lifted the broader crypto market, with the CoinDesk 20 Index up 5%.
Bitcoin just surged past $75,000. Derivatives seem to be driving the rally.
Bitcoin's move, led by unwinding of shorts, has lifted the broader crypto market, with the CoinDesk 20 Index up 5%.
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Tuesday’s filings follow paperwork on Monday to convert the Grayscale Chainlink Trust into an exchange-traded fund.
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 closed at 1965.07, up 0.2% (+3.29). Fourteen of
Internet Computer rose, keeping the price above the $3.40 support zone, with early session volume spikes failing to produce a sustained breakout.
The leverage flush happened as crypto prices quickly dropped on renewed trade war fears, with BTC slipping 3% from near record highs.