Robinhood customers in the European Union can now transfer more than 20 cryptocurrencies, including include bitcoin, ether, solana and USD coin, in and out of the trading app.
Approximately 200,000 bitcoin have been transferred to OTC desks in the past five months.
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 1 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The $100,000 call is the most popular bitcoin option on Deribit.
The firm now holds over 500 bitcoin after a first tranche of purchases in April.
MicroStrategy could soon have bigger bitcoin pockets than Grayscale.
Overbought conditions also surely played a role in bitcoin's Monday decline.
Ether funds registered $87 million in net inflows to break a five-week losing streak while bitcoin products added $1 billion.
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging that they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner.
“The new inflow of cash could indirectly push up the price of bitcoin, particularly in the long term perspective,” one analyst said.