Bitcoin Demand Pushes Tether Below $1 for Longest Stretch Since March
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March.
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March.
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Investor interest in bitcoin options listed on the Chicago Mercantile Exchange peaked to record highs in the days after Monday's halving event.
Bitcoin has seen double-digit gains in price since the halving. Institutional investors doing more trading in crypto options on CME is a sign of continued interest.
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While bitcoin is fast reversing its pre-halving price drop, hash-rate data suggests miners are still leaving the network.
Binance managed to see an alert and freeze the stolen funds in little more than half an hour.
A slowly rising bitcoin price might not help some miners run profitable operations now that the halving is in the past.
The seven-day average of the number of unique addresses holding 10,000 ethers or more fell to 1,050 on Tuesday. That's the lowest level since January 2019.
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The anemic price action surrounding bitcoin's third halving has led to head-scratching over why the cryptocurrency didn't moon. One possibility: Derivatives are bringing more price discovery.
Bitcoin is hovering close to $9,000 amid rising speculation the U.S. could ultimately adopt negative interest rates.
Based on the rise of daily active bitcoin addresses, the highest number since 2018, interest could continue now that the halving is complete.
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data.
A coded-in message on the blockchain harked back the the genesis of the original cryptocurrency.
Bitcoin's price volatility has declined following the network's third mining reward halving event on Monday.
With the highly anticipated bitcoin halving reducing new mining supply, what are crypto traders thinking about upcoming market behavior?
BitMEX liquidated over $250 million-worth of bitcoin long-short positions after spot prices fell sharply Sunday.
The halving buzz may already be dying down as bitcoin's price pulls back just before the event.
A surge in bitcoin derivatives suggests institutional investors are getting bitcoin exposure ahead of the halving, the Chicago exchange says.
There is a notable shift in the style and profile of bitcoin miners, towards more sophisticated structures and financial engineering.