A ‘death cross’ is a signal that an asset’s price might start falling. It happens when a short-term average of its price drops below a longer-term average. Even though Dogecoin’s long-term trend hasn’t changed, traders are watching a recent crossover of its shorter-term averages closely, especially since it happened right after the price tried – and failed – to break out to a higher level.
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Having already flung open the doors to Bitcoin and Ethereum for its retail minions, Schwab now turns its gaze to the professional arena. Jalina Kerr, the Managing Director of Schwab Advisor Services, assures us with a straight face that the launch is “on track,” though the exact date remains as elusive as a Nabokovian butterfly. “Probably mid-year,” she murmurs, as if whispering a state secret.
Swissblock, the analytics firm that likes to put numbers on a spreadsheet, famously announced that Bitcoin now sits “on the edge of a breakdown.” The irony is that the phrase is both poetic and terribly specific: you’re talking about a particular price range called the Cost Basis Zone, and the universe is reminding us that it can be broken.
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Trading at $14.51 with a volume of $223 million, the token danced on thin liquidity, its vesting schedules binding early investors like a straitjacket. Critics, ever the spoilsports, muttered of insider advantages, their voices drowned out by the clinking of champagne glasses in some hidden boardroom.
Shirzad, speaking to Fox Business’ Mornings with Maria, warned the Digital Asset Market Clarity Act might become the most important piece of financial regulation since the old Dodd‑Frank paper. He pushes that at last, companies dealing with digital gold will have rules as clear as a prairie sky.
CME Group reports that over 7,200 cryptocurrency futures and options contracts have been traded since 24/7 access began on May 29th. This is the first time traders have been able to trade regulated crypto derivatives on the CME platform all day, every day, including weekends.
A new proposal suggests a way to prevent the sudden and severe liquidations that have often harmed users of decentralized finance (DeFi) during times of rapid market changes. It was published on the Ethereum Research forum.
