As hedge funds’ short positions in S&P 500 futures reach 12-year highs, some experts believe a short squeeze could also play well for digital assets
While funding rates for crypto derivatives are typically lagging, data suggests last week’s price action could become more commonplace after weeks of uncertainty, analysts say
Bitcoin and ether rose 4% and 5%, respectively, while stocks opened in the green
If bitcoin continues trading like Big Tech, the cryptocurrency is in trouble, too
There’s an old trader’s saying that “in a crisis, correlations go to 1.0”
A day after its short-lived comeback above $20,000 Tuesday, bitcoin plunged below $16,000 while ether dipped to its lowest point in four months
Coinbase and Google have partnered to allow some Web3 customers to pay for cloud services in crypto — and markets are into it
A strong correlation remains between BTC and the US stock market
Bitcoin and ether have also shown high correlation with the Nasdaq and S&P 500 on longer time frames
Australia is expecting its first “super app” via a deal announced by crypto exchange Swyftx and traditional stock trading platform Superhero
The offering allows users to trade hundreds of stocks and ETFs alongside crypto and NFTs
Bitcoin has fallen 12% in the last 24 hours after an intraday high of about $43,500
US stocks closed higher Tuesday, largely paring losses from Monday’s session, as second quarter earnings continued to come in above expectations.
Equities started off strong Monday morning, largely paring losses from the prior session, before closing mostly lower.