In a piece of bad news for crypto bulls, analysts at Dutch bank ING highlighted the breakout potential in the 10-year U.S. Treasury yield, currently 4.09%, consistent with CoinDesk’s outlook. The yield has shown resilience, holding above 4% despite several soft economic readings, including Wednesday’s negative ADP employment report for November, which marked the third […]
Earlier this month, CoinDesk highlighted the rising demand for the Deribit-listed $300,000 bitcoin call option, noting it as one of the most popular bullish plays for the all-important June quarter expiry. Now, this bet has become the most popular in the impending quarterly expiry, reinforcing its appeal as a “lottery ticket” for traders anticipating a […]
Cryptocurrencies regained footing on Monday after a rocky start to the trading session, mirroring a broader recovery in risk assets as traders digested Moody’s downgrade of U.S. government bonds. Bitcoin notched a strong rebound after slipping to as low as $102,000 early in the U.S. session, following its record weekly close at $106,600 overnight. The […]