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LMAX CEO Expects Bitcoin to Trade in Six Digits in the Future

LMAX CEO Expects Bitcoin to Trade in Six Digits in the FutureThe chief executive of LMAX Group says he expects bitcoin to trade in six digits in the future. He explained that based solely on supply and demand, with bitcoin allocation potentially reaching 3%-5% of global assets, “you should see the price of bitcoin being multiples of what it is today.” ‘This Democratizes the Asset Class […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates

Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference RatesGlobal markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks CME […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity

Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week

Bitcoin Drops Below K, Crypto Economy Down 17%, Markets Lost 0 Billion Last WeekOn Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m. (ET). A few hours after hitting that price […]

Bitcoin Supply Shock: Cryptoquant Report Highlights Shrinking Sell-Side Liquidity