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The latest price moves in crypto markets in context for June 26, 2023.
ALSO: Ripple Asia's policy lead praises Japan’s crypto laws that favor consumer protection. Rahul Advani said that the country has created "a very clear taxonomy for digital assets."
Dealers are stuffed with record negative gamma in BTC. With only a little move in the spot price, "we could witness fireworks," one observer said.
Crypto prices have risen sharply since BlackRock’s filing for a spot bitcoin ETF. Of the 149 assets in the CoinDesk Market Indices (CMI), 144 rose during the week.
The largest cryptocurrency by market capitalization has been surging this week after three financial services giants filed applications for spot bitcoin ETFs.
Historically, an above 90% reading on the index has coincided with interim market tops.
The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month.
A recent increase in stablecoin flows to exchanges may signal an increase in bullish sentiment
Indicators tied to Wall Street's volatility index, VIX, and central bank liquidity indicate risk aversion ahead. Past experience suggests risk-off in traditional markets can roil sentiment in the crypto market.
The latest price moves in crypto markets in context for June 23, 2023.
- 07:23Bitcoin mining company CleanSpark has completed its acquisition of infrastructure company GRIIDBitcoin mining company CleanSpark completed the acquisition of U.S.-based infrastructure company GRII DInfrastructure following shareholder approval, a “strategic move that will allow the company to increase its bitcoin mining capacity in the state of Tennessee,” CEO Zach Bradford said in an Oct. 31 announcement. The acquisition boosts Clean Spark's mining capacity by 50 megawatts, bringing it closer to realizing its plan to build 400 megawatts of capacity over the next few years.
- 07:08A Newly Built Wallet Withdrew 10.7 Million ENA from CEX 8 Hours AgoAccording to Spot On Chain's monitoring, a newly created wallet 0xc04 (associated with Anchorage Digital) withdrew 10.7 million ENAs ($3.96 million) from CEX eight hours ago. This marks the largest ENA transaction for Anchorage Digital and makes it one of the entity's top assets. Since its launch in April 2024, the ENA price has fallen 43%.
- 07:07Galaxy Digital Tagged Addresses Transfer a Total of 1,450 BTC to CEX in the Past Three HoursOn Nov. 1, the Galaxy Digital-tagged address transferred a total of 1,450 BTC, valued at approximately $100.46 million, to CEX in four transactions over the past three hours, according to Arkham monitoring data.
