BTC has gained 24% since Monday and reached the level implied by its inverse head-and-shoulders break, with shorts still taking a contrarian position.
- Bitcoin surged as high as $79,400 on Friday and is up nearly 24% since Monday, putting it on pace for its strongest weekly advance since March 2023.
- Liquidations have cooled to $1.24 billion over 24 hours, down 62% from Wednesday's $3.3 billion, though shorts still account for $1.06 billion of the total.
- Derivatives positioning and rising open interest suggest notional exposure is being rebuilt, while spot demand metrics from CryptoQuant hint at potential further gains.
Newsletters
- 1 Crypto poured years into new products. The next challenge is keeping users 2 hours ago
- 2 The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking 3 hours ago
- 3 Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions 1 day ago
- 4 Crypto job postings triple to over 1,200 in September, but applications fall 1 day ago
- 5 Cathie Wood says smart investors need to start watching where AI agents spend money 1 day ago
- 6 Crypto's Sisyphean struggle 1 day ago
- 7 BlackRock offers a glimpse of how tokenization may change your investment portfolio 1 day ago
- 8 Bank group sues U.S. regulator over granting crypto trust charters 1 day ago
- 9 BNY in talks with Kraken parent Payward over infrastructure partnership 1 day ago
- 10 Once a $2 billion Ethereum layer-2, Blast is shutting down after assets plunge 98% 1 day ago
The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Original sourceCoinDesk
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Read original ↗Disclaimer: This article is for information only and does not constitute investment advice. Digital assets involve substantial risk.
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