Crypto is having another episode this morning. Why is crypto down again, even though it seems to be stabilizing and grinding higher for weeks? BTC USD broke below $63,000 while ETH USD butchered in a more brutal bloodbath. If we look closer at the onchain data, the main culprit was the same old-fashioned leverage flush….
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors fall 3-7% as…
Key takeaways Luxembourg’s financial regulator has granted Ripple preliminary approval for a Crypto Asset Service Provider (CASP) license under the European Union’s Markets in Crypto-Assets Regulation (MiCA). XRP is down by nearly 4% in the last 24 hours and now trades at $1.10 per coin. Luxembourg regulator grants Ripple CASP green light Luxembourg’s financial regulator…
SpaceX (SPCX) isn’t the only Big Tech stock getting slammed at the moment. The cover-your-eyes year for Salesforce (CRM) investors just keeps getting worse. The news: Shares of Salesforce are now hovering at three-and-a-half-year lows. The stock is down about 10% over the past five trading sessions. Year to date, Salesforce is by far the…
Key Takeaways The House Financial Services Committee has set July 14 and July 17 hearings touching Fed policy and the CLARITY Act. Fed Chair Kevin Warsh will testify July 14, sharing the spotlight with the crypto market-structure push. Lummis is targeting a Senate floor vote before the August recess, with the bill needing 60 votes….
Bitcoin (BTC) neared two-week lows on Tuesday as Asia stock markets pulled back on a tech sell-off. Key points: Bitcoin heads lower with Asia equities as “unprecedented inflows” become a tech-driven rout. Analysis warns of “new lows” for BTC price, with one target at $54,000. Options markets continue to seek a suitable catalyst for volatility….
Ethereum price is bleeding. ETH sits at $1,650, down 6% in in a brutal fashion, and the technical setup offers little comfort for bulls hoping for a quick reversal. Just before the drop, ETHLABS, a newly formed independent organization, is joining the battlefield frontline to save ETH. The non-profit organization is co-founded by five former…
Bitcoin is trading near $64,000, roughly mid-channel in the $57,000-$77,000 range that has defined the market since the Strait of Hormuz shock. Can-Luca Köymen, investment strategist at Sygnum, called the current setup a catalyst-light regime in a note: “Absent a decisive catalyst the path of least resistance is range-trading driven by positioning and flows rather…
US equity futures were tracking in the red on Tuesday amid a broader tech sell-off despite signs of Source link
Key Takeaways Jamie Dimon called the bull market a “little tsunami” at a June 21 Council on Foreign Relations event. He cited $700 billion in AI spending, 4.3% unemployment, and 2% GDP growth as near-term supports. Dimon flagged Ukraine, Iran, Russia, and China tensions as underpriced longer-term risks. A Warning Wrapped in a Metaphor Speaking…
