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Sunday, June 22, 2025

First Mover Asia: Three Arrows Capital Court Order Reveals Interesting Details; Bitcoin Soars Past $21.5K - CoinDesk

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Investors seem to have really liked the Federal Open Market Committee minutes from last month. The minutes, released late Wednesday, allayed at least some fears of the U.S. central bank's commitment to tightening its monetary policy.
Stocks rose for the fourth consecutive day and so did cryptocurrencies that have correlated increasingly over the past year to major equity indexes.
Bitcoin was recently trading at about $21,600, up more than 6% over the past 24 hours and outpacing all major altcoins at one point. Since dipping below $18,500 last Thursday, the largest cryptocurrency, has risen over 16%, amid what many analysts see as just a temporary lull in investor anxiety.
"I don't see it [crypto] recovering instantaneously," said Takaaki Koto, the global head of sales and...



Read Full Story: https://www.coindesk.com/markets/2022/07/07/first-mover-asia-three-arrows-cap...

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