A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.
Futures price gap on CME offers bitcoin bulls a glimmer of hope
A sharp drop in the bitcoin price while CME was shut leaves bitcoin futures trading well below Friday’s close.
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The DXY index has now dropped to its lowest level since mid-November.
USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.
That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.
The capital raise will support balance sheet restructuring and the company's bitcoin strategy.