Bitcoin Price: “Just woke up. Who sold?"
Every Monday, we cover the latest developments and trends in the dynamic and ever-evolving world of cryptocurrency. From price movements to industry news and our favorite resources, we strive to provide our readers with a comprehensive overview of the crypto landscape.
Having spent half the week IRL at Futurist Blockchain 2023, we can assure you that this community has never felt more vibrant and optimistic... So what happened to the principal of this price adjustment? Well for one--
It appears that heavy selling exacerbated a cascade of bullish options liquidations, which alongside a spate of bad news, ‘explains’ the recent price correction—in CoinDesk’s words: “The liquidations occurred as prices fell during Thursday afternoon U.S. hours (…) amid financial markets jitters with crumbling foreign currencies, Chinese economic worries and bond yields ripping to multi-year highs." CoinDesk
Meanwhile, according to Bloomberg, the SEC may be set to approve the first Ethereum Futures ETFs as soon as this fall. Decrypt
And finally, Mastercard has ‘convened’ Ripple Labs and Consensys to build out a CBDC partner program... For whom, you ask? Why, for themselves! Mastercard provided little more than the announcement itself, noting that: “CBDCs shouldn’t be adopted in a vacuum, and the work of (Mastercard’s) CBDC Partner Program will “help central banks understand how to develop a CBDC that adds something new and valuable to the economy.” The Block
“Just woke up. Who Sold?” credit goes to https://twitter.com/ReetikaTrades
In the cryptocurrency community, there's always something going on. Here are a few events and happenings that you might be interested in:
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As of 08/21/2023 2:00 AM EST, values in CAD.
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Disclaimer: This article is not intended to provide investment, legal, accounting, tax, or any other advice and should not be relied on in that or any other regard. The information contained herein is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of cryptocurrencies or otherwise.