DAN: The Australian Central Bank’s CBDC pilot has revealed four key uses for its digital currency: markets, smarter payments, digital identity, and data analytics. The use of CBDCs in markets is becoming increasingly popular as […]
Speculators are bullish on Bitcoin futures as open interest, the number of contracts outstanding, reached levels not seen since late-2020, while trading volume fell to its lowest levels year-to-date.
Bitcoin investor sentiment has plummeted to its lowest levels in months, even as macro and equities markets show improvement. This brings into question the cryptocurrency’s future prospects and suggests many investors may be cautiously leaning away.
Crypto markets lost an average of $20B in daily market cap, as Bitcoin fell below the $29K mark. The top 20 cryptocurrencies by market cap, as well as the entire crypto market, have experienced a crash in prices this week.
This week, investors in cryptocurrencies will want to keep two key things in mind when examining the markets: first, the development of Bitcoin’s long-term trend, and second, the potential impact of upcoming regulation on the crypto space.
A lack of transparency and regulation around stablecoins is leaving crypto markets “highly dependent” on them, with TrustToken’s TUSD potentially posing risk, according to data and research platform Kaiko.
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