Trump seems to have taken a page out of his real estate negotiations in pitching XRP, ADA and SOL as candidates for crypto reserve to win over approval for bitcoin.
Tom Lee sees bitcoin finishing the year at over $150,000 and attributes the current drawdown to cyclical behavior.
Some 417,348 ETH, valued at approximately $1 billion remain traceable on the blockchain after being moved using privacy-focused THORChain.
The company plans to use the raise to scale its balance sheet, expand its compliance and technology teams, and open new offices in key jurisdictions.
CME gaps — price disparities caused by the exchange’s weekend closure while spot markets trade around the clock — tend to historically act as magnets for bitcoin prices.
The technical outlook has worsened for both BTC and Nasdaq.
The sharp reversal aligned with a cautious mood among traders after Monday’s market rally following the ambitious plan, as a CoinDesk analysis previously noted.
THORChain was one of the platforms Bybit hackers used to launder funds, according to observers.
$165 million in long ETH positions have been liquidated in the last 12 hours.
The company is expected to raise $4 billion at a $35 billion valuation.