| Mobile Web

Search results for Rate

Crypto

Bitcoin collateral loan market surges to $16 billion, could match Bitcoin market cap

The digital credit market backed by bitcoin collateral is growing rapidly and emerging as a new financialisation area in the Bitcoin ecosystem. A UTXO executive said the bitcoin-collateral digital credit market has grown to about $16 billion and is among the fastest-growing areas in Bitcoin’s capital structure. He said continued growth in credit products built on Bitcoin could, over the long term, create a market that competes with Bitcoin’s roughly $1.5 trillion market capitalisation.

Finance

KOSPI jumps 2.66% on semiconductor strength; Kosdaq also ends higher

South Korea\'s KOSPI rose more than 2 percent on Sept. 18 as heavyweight semiconductor shares gained and foreign investors and institutions bought stocks. The index briefly regained the 6,900 level during the session before ending at 6,894.23, up 2.66 percent. Foreigners and institutions were net buyers, while individuals sold. The Kosdaq also finished higher. The won-dollar exchange rate weakened slightly to 1,382.90 won.

Crypto

Bitcoin breaks $77,000, extends rally for second day after rate hike shock

Bitcoin rose to $77,287, up 1.39 percent from a day earlier, with its market share at 58.22 percent, Coin360 data showed. Ethereum gained 1.9 percent to $2,474 and XRP rose 1.95 percent to $1. Altcoins also strengthened, led by NEAR, ZEC and HYPE. Markets continued a rally despite a surprise FOMC rate hike led by Fed chair Kevin Warsh, while caution persists over next week’s Clarity bill and further Fed comments.