Ethereum News

Market Wrap: Bitcoin Rally Fades After Fed Signals Upcoming Rate Hike

“Short-positioned traders are dominating the derivative market. This indicates that bitcoin’s bounce was driven by [the spot market] rather than derivatives, which is confluent with the significant bidding seen on Coinbase,” Marcus Sotiriou, analyst at the UK-based digital asset broker GlobalBlock, wrote in an email to CoinDesk.

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button