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BTC Coinbase Premium hits post-FTX debacle low...bull market imminent

The BTC Coinbase premium (price difference with Binance) dropped to -0.19 on Friday, the lowest level since the FTX collapse, according to CoinDesk. This suggests that the BTC price is close to a bottom, the outlet analyzed.

Indeed, BTC price bottomed at $2.5k a few weeks after the premium hit a low in August last year. In May, the premium dropped to -0.17 when BTC dropped to $5.6, before BTC rallied 27% in June.

David Lawant, Head of Research at FalconX, said: "The Coinbase premium has become a reliable indicator of overall market trends. It shows how influential the US market is in shaping market prices," said David Lawant, Head of Research at FalconX.

Binance WBTC plunges to $5200, then recovers

Cointelegraph reports, “A flash crash in the price of WBTC occurred on Binance on Nov. 23 (local time). This caused WBTC to briefly drop from $98,000 to $5,200, but has since recovered. The cause of the error is still unknown.

blockchain crypto cryptocurrency Trump nominates Crypto Proponent Secretary (SpotedCrypto)

Trump nominates 'Crypto Proponent' Howard Lutnick as Commerce Secretary, while US SEC chairman struggles to narrow down candidates to four.

US President-elect Donald Trump has nominated US investment bank Cantor Fitzgerald CEO Howard Lutnick to serve as Secretary of Commerce, according to the Wall Street Journal (WSJ). Lutnick is an avid supporter of Bitcoin and Tether (USDT), with Cantor Fitzgerald reportedly serving as Tether's U.S. Treasury bond

blockchain crypto cryptocurrency IBIT Option hit 1.9B first day od trading (SpotedCrypto)

BlackRock IBIT Options Hit $1.9 Billion in First Day of Trading, Grayscale Begins Trading on November 20th.

Bloomberg ETFs analyst James Seyffart reports via X that “Options volume on BlackRock's bitcoin spot ETF IBIT, which began trading today (Nov. 19), was about $1.9 billion. A total of 35.4 million contracts were active, of which 28.9 million were calls (82%) and 65,000

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