OKEx’s Withdrawal Suspension Isn’t Behind Bitcoin’s Rally: Analysts
Bitcoin’s price has been up dramatically since OKEx's crypto withdrawal service suspension, yet it's not behind the price rally.
The current bitcoin bull run is indeed different from three years ago, though that doesn't mean we won't see another peak-and-trough cycle.
Bitcoin’s price is gyrating Monday while ether targets the moon.
Schulman spoke about the fall of cash, the rise of bitcoin and the institutional traders taking note of both.
In their “Flows & Liquidity” report, JP Morgan analysts say institutions are piling into bitcoin at a stronger pace this quarter than they were in Q3 and may have a bigger role in price movement than quantitative traders.
The bitcoin perpetual futures "funding rate" has shot up, suggesting the market may be overleveraged to the bullish side.
Former Fed Chair Janet Yellen will be tapped to run the Treasury Department, where she will oversee federal agencies that impact crypto.