Crypto Trading Is Heading for the Fringes After Flirting With Mainstream

(Bloomberg) -- First the crypto lenders imploded, then the industry’s second-largest exchange collapsed. Next to go were the crypto-friendly banks. In the latest blow, major trading firms — the players responsible for the market’s plumbing — are now retrenching.Most Read from BloombergWall Street Fears $1 Trillion Aftershock From Debt DealDisney Drops Plan to Move Workers to Florida, Closes HotelSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsNYC Skyscrapers Sit Vacant,

• 2023-05-19
• Jane Street market makers Michael Safai trading firms Jump Trading Bitcoin trading

Bitcoin Rises After Fed. Why A Different Macro Force May Become Key for Crypto.

The largest digital asset continues to stagnate below the key $30,000 level. Crypto traders are looking ahead to next week's inflation data.

• 2023-05-04
• Federal Reserve Crypto traders Michael Safai federal funds rate

Bitcoin Falls Slightly After Fed Rate Hike

BTC was down about 1% after the U.S. central bank boosted the Federal Funds rate by 25 basis points. Fed Chair Jerome Powell noted that the central bank had omitted language signaling rate hikes at upcoming meetings.

• 2023-05-04
• U.S. Federal Reserve basis points inflation pressures CoinDesk Jerome Powell Bitcoin Michael Safai market capitalization Federal Open Market Committee rate hike

Bitcoin fell nearly 5% Thursday night, its largest one-hour drop since FTX

What shook the Bitcoin market Thursday night.

• 2023-03-03
• Silvergate Capital Silvergate crypto assets Michael Safai