In this episode of Coin Street headlines, we dive into the latest developments in the world of cryptocurrency. After a sharp 20% flash crash, Ether has reclaimed the $4,100 level, but what does this mean for the future? We discuss the implications of the $3.82 billion in leverage-long liquidations and the current funding rate on ETH perpetual futures. Bitcoin is retesting a bullish technical pattern known as the ‘Golden Cross’. We analyze the historical significance of this pattern and what it could mean for bitcoin’s price trajectory, currently hovering around $115,000. As trade tensions between the U.S and China appear to soften, we explore how recent statements from both countries could impact the market and investor sentiment. Crypto.com CEO Kris Marszalek has called for regulators to investigate exchanges following unprecedented liquidations. We discuss the need for a thorough review of trading practices and the role of exchanges during market crashes. Jane King with the latest from the NYSE.
