Tuesday's sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass data shows.

An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.

How exchange-traded funds and futures contracts can reach TradFi and turbocharge the growth of crypto markets.

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tktk

The latest price moves in bitcoin [BTC] and crypto markets in context for Nov. 10, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.

Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.

CME's rise to the top rank highlights the growing institutional demand for bitcoin, as the venue is almost exclusively used by large traditional financial institutions, one analyst noted.

Bitcoin hit an 18-month high near $38,000 before pulling back sharply.

We were full of “irrational exuberance” in November 2021.

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