Finance

Bitcoin (BTC) Price Dips Below $98K as Strong U.S. Economic Data Leads to $300M Bullish Crypto Liquidations

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Crypto markets stumbled with bitcoin (BTC) losing the $100,000 level on Tuesday U.S. morning as two stronger-than-expected U.S. economic data prints threw cold water on digital assets’ bright early-year momentum. The Bureau of Labor Statistics’ JOLTS job openings for November unexpectedly rose to 8.1 million from 7.8 million the previous month, easily topping analyst estimates … Read more

Why Ether Could Outperform Bitcoin in 2025

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Ether spent most of 2024 trailing behind its cryptocurrency peers but has now firmly joined the rally sparked by bitcoin’s record-breaking climb, crossing the $4,000 mark in December but well below its all time high of $4,900. In 2024, ether gained around 53% compared to bitcoin’s 113% surge; however, ether’s recent performance shows promise. Since … Read more

POL and LINK Each Fall 3.1% as Index Declines

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3701.1, down 1.1% (-39.29) since 4 p.m. ET on Monday. Four of 20 assets are trading higher. Leaders: APT (+4.6%) and ADA (+2.2%). Laggards: POL (-3.1%) and LINK (-3.1%). … Read more

FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe

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FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees. FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), cost Backpack $32.7 million, the exchange said. Backpack’s new … Read more

Polymarket Bettors Believe Justin Trudeau Will Resign as Canada’s Prime Minister by Friday

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Will he stay, or will he go? For Canadian Prime Minister Justin Trudeau, the latter appears imminent. Now bettors on Polymarket are debating on when exactly he’ll announce his resignation. While Trudeau resignation contracts aren’t anything new, there are two with low six-figures of volume attached to them asking if he’ll be gone by February … Read more

The Overture to 2025 Strikes a Familiar Chord

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By Omkar Godbole (All times ET unless indicated otherwise) The overture to 2025 has a familiar tune. It’s not just the numbers: Bitcoin’s 8% recovery from late December, but the news flow is equally recognizable. Perhaps the most important note comes from JPMorgan, which says the market forces that drove bitcoin and gold to records … Read more

Dutch Regulator AFM Awards EU MiCA License to 4 Companies

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Four digital assets companies have just secured Markets in Crypto Assets (MiCA) licenses in the Netherlands, letting them operate across the entire 27-nation European Union. Crypto platform MoonPay, digital asset management company BitStaete, bitcoin lightning FinTech ZBD and prime brokerage and clearing company Hidden Road attained the much desired crypto asset service providers license from … Read more

2025 Will Be the Year Crypto Goes Mainstream

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Yat Siu has seen a lot in his decade of investing in crypto as a venture capitalist. The Hong Kong-based venture studio and game developer Siu co-founded, Animoca Brands, has grown to be one of the most powerful names in Web3 culture, with data provider CoinGecko pegging the market cap of tokens issued by Animoca’s … Read more

Bitcoin (BTC) Price Returns Above $100K, ETH, SOL Gain as Early-2025 Crypto Rebound Extends

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Bitcoin’s (BTC) price is back in the six-digit territory as the largest cryptocurrency extended its early 2025 bounce on Monday. BTC advanced towards $100,000 earlier during the trading session, then broke sharply above the threshold, rising 2.5% in an hour as traditional U.S. markets opened. It was changing hands at around $102,000 recently, its strongest … Read more