For the first time in 2 months, a full day of bitcoin trading without a "motivated seller" taking out the entire bidstack in one trade to crush momentum.
Amazing how that works
And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.
On Monday, I met with South Korean Deputy Prime Minister @KooYunCheol to discuss the critical minerals ministerial meeting and ongoing market developments in Korea, including the recent depreciation of the Korean won which is not in line with Koreaโs strong economic fundamentals.
Koreaโs impressive economic performance, especially in key industries that support Americaโs economy, make it a critical partner for us in Asia.
Introducing Grvt Institute ๐
Starting in South Korea ๐ฐ๐ท with the Korea Insurance Institute, scaling worldwide.
It's a non-commercial initiative to build responsible crypto education. Global adoption starts with informed users.
Learn more๐
https://t.co/j8GPG6o8jd
BITCOIN RISES ON U.S. ACTIONS IN VENEZUELA
Bitcoin and other cryptocurrencies gained Monday as traders reacted to the U.S. ousting of Venezuelan President Maduro. Speculation over possible seizure of Venezuelaโs cryptoโreportedly over 600,000 bitcoinsโcould reduce supply and boost prices, said TP ICAPโs Hina Sattar Joshi.
Bitcoin rose 1.6% to $92,730, hitting a near four-week high, while Ether climbed 0.5% to $3,158. The market also benefited from global stock gains and PwC expanding its crypto advisory services amid clearer U.S. stablecoin regulations. Analysts caution the crypto rebound may not be complete, with Bitcoin still well below its October record of $126,223.