Is The Bull Market Back?

Key points: Bitcoin bulls have pushed the price above $69,000, signaling solid dip buying at lower levels. Several major altcoins have turned up sharply, suggesting that selling pressure is reducing. Bitcoin (BTC) bulls purchased Tuesday’s dip and are attempting to sustain the price above $69,000 on Wednesday. According to SoSoValue data, BTC exchange-traded funds recorded…

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ETH Falls To $1.8K As Bearish Data Spooks Investors

Key takeaways: ETH futures liquidations reached $224 million after a 9% price drop, while the network’s onchain activity fell to a 12-month low. ETH’s high correlation with Bitcoin and massive outflows from exchange-traded funds suggest further downside risk for Ether price. Ether (ETH) plunged to $1,800 on Tuesday, wiping out $224 million in leveraged bullish…

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Entities Offering Crypto Derivatives Likely Fall under Specific Rules: ESMA

The European Securities and Markets Authority (ESMA), the financial markets regulator and supervisor in the European Union, issued a notice to remind entities to assess investment vehicles providing leverage exposure to cryptocurrencies. In a Tuesday notice, ESMA said that derivatives products, including those marketed as “perpetual futures or perpetual contracts” tied to cryptocurrencies like Bitcoin…

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What NYSE’s Exploration of Onchain Systems Means for Financial Markets

Key takeaways Intercontinental Exchange (ICE)’s blockchain-based initiative is about upgrading market infrastructure, not adopting cryptocurrencies. It intends to use blockchain for improving settlement, reconciliation and collateral efficiency. Onchain delivery-vs.-payment settlement could significantly reduce counterparty risk and free up capital tied up in margins. It also shifts risk toward real-time liquidity needs and continuous funding requirements….

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