Good morning, Asia! Here's how the markets are performing on this Monday 1. Bitcoin is testing $28K. Will it get to $30K, or is it ready for a consolidation phase? 2. Derivative DEXs are running out of open interest. thesamreynolds writes
Happy Monday. Bitcoin is starting the Asia business day up 1.7%, just below $28K at $27,966. Ether is slightly outperforming bitcoin, beginning the day up 1.8% at $1,777.
“Crypto traders are closely following everything with Coinbase. Coinbase CEO [Brian] Armstrong noted that they weren't entirely surprised by the SEC notice. No one knows how regulators are going to rule if all tokens are securities,” he said. “Coinbase's success is vital for longer-term crypto growth. In the U.S.
Joe DiPasquale, CEO of crypto asset manager BitBull Capital, told CoinDesk in an email that the market has remained largely bullish after the Federal Open Market Committee pushed out a relatively tame rate hike.
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