Bitcoin Price Crash to $50K Dashes Carry Traders' Hopes
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.
Carry trading, a popular strategy from the first quarter, involves profiting from pricing discrepancies between two markets.
Ether slumped by the most since May 2021.
A sentiment index that tracks crypto markets changed to “fear” early Monday as ETH recorded its worst single-day drop since May 2021.
A wallet supposedly associated with Jump Trading moved 17,576 ETH to centralized exchanges, according to Spot On Chain.
Japan's Nikkei fell more than another 6% early Monday, bringing that index's three-day decline to about 15%.
There are at least three ways to make a million with Bitcoin investments, but only two you can plan for today.
There are at least three ways to make a million with Bitcoin investments, but only two you can plan for today.
A combination of factors is fueling the crypto market’s nose dive to three-week lows as Bitcoin dropped below $60,000 on Sunday for the first time since July 13, analysts say. The asset has shed 10% of its value during weekend trading to just below $55,000, CoinGecko data shows. Total liquidations over the last 24 hours have also spiked to $620 million, with longs accounting for 90% of the wipeout, according to CoinGlass data. Uncertainty surrounding the U.S. election, interest rate fluctuations...
Tech tycoon and Tesla CEO Elon Musk renewed his legal battle against artificial intelligence (AI) development firm OpenAI after previously dropping the lawsuit. In a Monday filing with the United States court for the northern district of California, Musk claims that OpenAI CEO Sam Altman and others fraudulently induced him to invest in the company. He claims that his $44 million investment was based on the premise that OpenAI would remain a nonprofit organization focused on open-source AI develo...