Fintech investment firm 1754 Finance, the originator of the debt pool with the most distressed loans, said it is liquidating the assets off-chain and negotiating with borrowers for repayments.
The Federal Reserve must weigh the U.S.’ debt obligations while trying to tame inflation without sending the economy into deep recession. Its next steps could be impactful for crypto markets.
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
Bitcoin dips into red but holds over $23.5K. ALSO: CoinDesk analyst Glenn Williams Jr. highlights the spike in crypto trading activity following the U.S. central bank's interest rate hike.
If investors continue to increase their exposure, crypto could see “momentum really come into place,” OANDA Senior Market Analyst Edward Moya said, on CoinDesk TV’s “All About Bitcoin.”