Bitcoin liquidity situation worsening; volatility expected to be enhanced
Order book continues to dwindle as bank contagion enhances illiquid market
- Order book depth continues to make new lows for Bitcoin; these are now 10-month lows, according to Kaiko.
- A major ramification of an illiquid market can push direction in either way.
- The banking crisis and closure of USD payment rails, crypto banks such as Silvergate and Signature Bank, could be a net benefit in the long run, as it could encourage more people to take self-custody of their Bitcoin when directly buying from an exchange.
James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.
Analyzing the history of US debt and potential effects of a default on the crypto market
CryptoSlate's latest market report dives deep into the U.S. debt crisis, exploring past instances of debt failures and analyzing the implications a debt default could have on Bitcoin.
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U.S. Treasury yields soar and Bitcoin stumbles amid debt ceiling, rate hike concerns
Despite recent stillness, on-chain metrics indicate possible volatility ahead for Bitcoin
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