Global Markets Rollercoaster: Bitcoin Rebounds, Stocks Surge
373,189,770 #USDT transferred from unknown wallet to #Binance
🚨🚨 ETHENA's #USDe stablecoin has experienced almost $100 million in redemptions since Monday, according to The Block.
🚨🚨 TrumpCoin (DJT), launched by Martin Shkreli, crashes 92% in last four hours.
🇮🇳 India Government sends $87 million GST notice to Binance
🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987.
Key indexes the Nikkei 225 and TOPIX have gained around 10.2% and 9.3% each, clawing back a large chunk of the losses from the day before.
Speaking with CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo noted this type of rebound is “typical after a market crash,” adding that:
“Importantly: Fundamentals are sound, the economy is doing fine, there is no evidence of abandoning Japanese equities.”
During APAC hours today $BTC also surged back above $55K after dropping as low as $49,781 on Aug. 5, according to CoinGecko data.
US senators urge CFTC to finalize ban on election betting
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.
#cryptonews
🚨🚨 ETHENA's #USDe stablecoin has experienced almost $100 million in redemptions since Monday, according to The Block.
🚨🚨 TrumpCoin (DJT), launched by Martin Shkreli, crashes 92% in last four hours.
🇮🇳 India Government sends $87 million GST notice to Binance
🇯🇵 Japanese stock market rebounds following yesterday’s bloodbath that saw biggest daily losses since 1987.
Key indexes the Nikkei 225 and TOPIX have gained around 10.2% and 9.3% each, clawing back a large chunk of the losses from the day before.
Speaking with CNN, Neil Newman, head of strategy at Astris Advisory in Tokyo noted this type of rebound is “typical after a market crash,” adding that:
“Importantly: Fundamentals are sound, the economy is doing fine, there is no evidence of abandoning Japanese equities.”
During APAC hours today $BTC also surged back above $55K after dropping as low as $49,781 on Aug. 5, according to CoinGecko data.
US senators urge CFTC to finalize ban on election betting
It comes as decentralized prediction platform Polymarket has gathered more than $500 million in bets on who will likely win the 2024 United States presidential election.
US Bitcoin, Ethereum ETFs hit $6B volume amid market rout
Bitcoin sunk to under $50,000 at the start of US trading on Aug. 5, prompting a huge spike in trading volumes of crypto-related ETFs.
#cryptonews
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EZ_money : you call this a rebound?