$83,319.00
-0.58%$1,844.14
-2.00%$2.19
2.83%$608.19
0.01%$125.86
-0.66%$0.999888
-0.00%$0.171466
-1.60%$0.684991
0.29%$0.231004
-1.35%$1,843.36
-2.04%$83,246.00
-0.49%$3.86
3.21%$9.64
-0.74%$13.76
-1.17%$0.270926
0.57%$19.55
-2.57%$2,209.04
-1.97%$2.43
-0.18%$0.999386
-0.02%$0.0000127
-1.58%$0.172979
-1.03%$86.31
-0.39%$4.16
-0.08%$6.39
1.78%$307.40
0.13%$4.67
-0.05%$1,845.96
-2.03%$1.00
0.09%$0.773113
-6.59%$0.99995
-0.05%$12.64
-1.35%$1,963.26
-1.95%$28.31
-0.87%$217.10
-0.18%$6.01
-2.05%$5.34
-2.71%$2.65
-0.79%$0.00000721
-5.12%$1.046
0.09%$48.69
-0.56%$0.105444
2.73%$35.04
-2.74%$22.62
-0.83%$0.811863
-0.80%$83,341.00
-0.55%$5.45
-0.38%$0.998971
0.09%$0.809634
-0.39%$16.82
-0.63%$166.98
-6.45%$1.16
0.24%$10.31
0.73%$0.02327094
-0.21%$231.46
-1.89%$3.36
1.66%$4.38
-2.53%$1.00
0.00%$0.363436
-3.13%$3.57
-1.63%$2.79
-0.48%$0.205648
0.30%$83,229.00
-0.31%$4.02
0.20%$0.066588
1.32%$0.1866
-0.84%$0.497132
-2.85%$0.337223
-0.34%$5.39
1.80%$0.487316
1.16%$11.12
-0.50%$83,047.00
-0.96%$0.478085
-3.29%$0.768072
-4.08%$1,920.68
-1.97%$0.459432
-2.91%$1,845.13
-2.20%$1,308.78
-7.30%$1.086
-1.57%$0.06734
-2.40%$131.19
-0.85%$70.70
2.11%$17.54
-3.72%$0.559262
-2.89%$0.800183
-1.51%$1.001
0.01%$0.627398
-1.87%$2,086.61
-2.13%$0.591808
6.05%$0.997777
0.00%$0.00001155
-1.88%$0.181285
-2.52%$8.94
-1.25%$0.091381
-0.90%$0.999749
0.02%$0.841839
-2.39%$0.01337836
0.79%$0.999167
-0.03%$7.47
-6.72%$1.00
0.06%$82,652.00
-0.96%$0.87499
-2.38%$3,109.39
0.14%$0.999982
-0.08%$1,957.82
-2.01%$608.07
-0.18%$0.01582553
-0.10%$0.659766
-0.86%$2.20
1.87%$3,116.16
0.56%$0.275259
-0.07%$83,291.00
-0.65%$0.00000068
-1.21%$0.175777
-0.98%$32.20
-0.79%$0.483739
0.50%$0.999956
-0.07%$0.10466
1.16%$161.33
-0.57%$0.387514
0.69%$2.02
1.09%$36.50
-0.31%$3.21
5.57%$0.00005953
-1.72%$1,923.87
-1.98%$7.52
-6.42%$0.0112571
-0.43%$0.434024
0.11%$0.148609
0.31%$16.06
-0.97%$137.89
-0.57%$0.998609
-0.04%$0.076006
0.34%$1.75
-1.24%$0.653907
-3.11%$0.997935
-0.08%$1.77
4.11%$0.485923
20.27%$1.00
0.02%$2.97
-0.86%$81,879.00
0.19%$0.00512903
0.04%$0.429648
0.52%$0.248424
-0.24%$16.45
-1.35%$27.99
-0.19%$6.49
0.57%$0.999993
0.00%$0.719003
-0.08%$0.440858
-0.94%$0.171713
-1.81%$1,957.78
-1.96%$0.00000043
-1.10%$83,193.00
-0.66%$0.455413
-6.43%$1,844.59
-2.02%$6.42
-4.26%$0.153051
0.27%$0.415844
-2.05%$82,823.00
-1.90%$0.082006
-0.53%$2.55
-2.46%$1.082
0.01%$1.001
0.23%$0.04263031
0.92%$1,847.27
-1.94%$0.618506
-0.95%$0.00002022
0.17%$1.14
-0.31%$0.00762121
2.85%$1,843.97
-2.05%$110.49
0.00%$1.10
-0.92%$0.481349
-1.52%$0.476635
-2.87%$0.00600815
-2.09%$1,927.33
-1.82%$0.00661415
-1.63%$83,131.00
-0.56%$0.879646
1.73%$0.205929
0.31%$0.382067
2.37%$39.40
-2.15%$0.999536
0.05%$0.998982
-0.12%$0.999213
0.22%$0.169957
0.66%$82,784.00
-0.88%$0.00397764
-2.01%$0.01011601
5.07%$1,846.17
-1.83%$0.00006053
0.68%$1,824.35
-3.37%$1.001
-0.30%$0.00000158
-4.75%$120.83
-2.11%$2.81
5.01%$0.0310289
-0.86%$0.03078118
-3.73%$1.45
3.29%$1.23
-3.06%$0.00055129
10.66%$0.551069
3.09%$0.24866
-0.72%$1.28
-5.71%$0.256116
-1.83%$1,829.85
-1.97%$3.69
-2.92%$0.657081
-3.32%$1,843.73
-2.07%$2.87
-1.65%$83,191.00
0.20%$83,126.00
-0.61%$21.94
-1.02%$0.786655
-1.46%$0.192123
-1.38%$0.262635
1.11%$16.11
-0.89%$1,951.98
-1.72%$2,017.56
-1.98%$3,083.75
0.00%$1.069
-3.07%$0.00281761
14.55%$0.067821
-1.51%$0.084972
-6.95%$0.495763
1.42%$0.03584485
-1.38%$0.03124852
-0.59%$2,006.25
-1.98%$0.107062
-0.26%$0.00324134
-0.85%$0.00235179
0.70%$0.999865
0.06%$0.116331
-1.01%$0.520063
-4.57%$0.956209
-0.13%$1,845.55
-1.70%$0.03060658
-1.54%$1,672.68
-0.62%$0.00494038
-0.19%$0.01142706
-0.06%$0.531841
-0.04%$20.12
-0.40%$0.654348
-2.93%$1.001
0.21%$0.299943
-0.83%$2.19
3.17%$2.18
0.30%$0.214717
2.88%Reading
Bitcoin Cash (BCH) continues its uptrend that started after its listing on Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp.,-backed EDX Markets on June 20.
The BCH token is the highest weekly gainer in the top 300 tokens by market capitalization on CoinGecko, with 114.3% gains.
In comparison, Bitcoin (BTC) recorded 2.4% gains in the same period, while Ethereum (ETH) traded at par with last week’s price.
A cryptocurrency exchange called EDX Markets and backed by several Wall Street firms such as Charles Schwab, Citadel Securities, and Fidelity Digital Assets conducted its first trades on Tuesday, signaling some institutions aren’t hightailing it for the hills on crypto despite recent regulatory pressures in the U.S. It aims to take elements of traditional finance and port them over to crypto, focussing on compliance and mitigating conflicts of interest. EDX also announced it closed a new funding...
The latest 33.9% gain in BCH’s price in the last 24 hours appears to be driven by excess negative bets in the derivatives market fueling an uptrend and heightened trading interest on a South Korean exchange.
The EDX Markets exchange listing is considered by some to be a good proxy for the state of BCH's regulatory clearance. Jamil Nazarali, CEO of EDX Markets, deemed that the four crypto tokens listed on EDX Markets (Bitcoin, Ether, Bitcoin Cash, and Litecoin) were safe bets in terms of compliance with the United States Securities and Exchange Commission.
BCH’s price was heavily suppressed for the calendar year, ranging between $100 and $150. Nevertheless, it has risen vertically after its listing on EDX Markets. BCH was last trading at $308.72, levels last seen 14 months ago in May 2022.
Crypto research outlet The Tie found that BCH trading volumes on Binance reached levels not seen in two years as trading interest returned toward BCH after EDX Markets listing.
EDX is still new, and its trading volume is relatively small compared to major exchanges like Binance, however this new enthusiasm for $BCH is evident in trading volume on Binance as well. $BCH trading volume on Binance has reached levels unseen in the past two years. pic.twitter.com/TS4kkdpsQG
— The Tie (@TheTieIO) June 29, 2023
While the increase in trading volume after a positive catalyst is a sign of strong market participation and interest in the asset, the uptrend is partly driven by a short squeeze and a surprising volume spike on the South Korean exchange, Upbit.
A short squeeze is a phenomenon that occurs when an asset's price rises, as most traders who had bet against its price are forced to buy at a loss or experience forced liquidation.
The price volatility took out $19 million in liquidations in the last 24 hours, with short orders accounting for 77% of the total amount, representing the highest liquidation levels in June 2023, per Coinglass data.
The token also witnessed a surge in trading on the South Korean exchange Upbit. CoinGecko data shows that the 24-hour trading volume of the BCH/KRW pair on Upbit at $685 million is twice that of BCH trading volumes on Binance.
In fact, the BCH/KRW trading volume of Upbit was comparable to the BTC/USD pair trading volume of $508 million on Coinbase, the largest U.S.-based exchange.
Why did Joseph Maldonado-Passage, better known as Joe Exotic from the viral Netflix docuseries “Tiger King,” debut a meme coin on Solana from prison earlier this week? “I’m knee-deep in lawyer bills,” he told Decrypt in an interview, claiming the endeavor will also benefit children through donations to a nonprofit called Operation Smile. The 62-year-old, who has lived behind bars for seven years, didn’t launch the meme coin himself. Instead, he said his lawyers helped him get “Official Tiger Kin...
Bitcoin swung up and down—as usual—over the last week, and while things were looking up midweek, familiar inflation fears helped sink the price by the time Friday rolled around. The coin's price was recently at $82,480 per coin, according to CoinGecko, after hitting a nearly three-week high of $88,474 on Monday. As of this writing, Bitcoin is now down by almost 2% on the week. Bitcoin's dip came after the U.S. Commerce Department reported Friday that the core Personal Consumption Expenditures Pr...
A high-ranking official in Brazilian President Luiz Inácio Lula da Silva's administration declared Tuesday that a potential strategic Bitcoin reserve would be "determinant for our prosperity" and "in the (country’s) public interest." Pedro Giocondo Guerra, chief of staff to Vice President Geraldo Alckmin, made the remarks while officially representing the federal government at a congressional ceremony. Debating the establishment of a sovereign bitcoin reserve rigorously is a matter of public int...
