“Bitcoin leads gains above $106,000, yet a CME gap hints at potential short-term volatility.”, — write: www.coindesk.com
However, a small Chicago Mercantile Exchange (CME) gap has formed around $104,170 from weekend trading. A CME gap occurs when bitcoin’s price on CME futures opens higher or lower than where it closed the previous session, typically over the weekend when CME markets are closed.
Historically, these gaps often get “filled” as price action revisits those levels, suggesting a short-term downside target, although the broader narrative has shifted bullish amid expectations that the US government shutdown could end as early as this week.
As a result of bitcoin’s rally on Monday, crypto-related equities jumped in pre-market trading. AI-linked crypto stocks are leading the gains.
Galaxy Digital (GLXY) is up 5% to $33, IREN (IREN) has climbed 7% to $66 and Cipher Mining (CIFR) is trading around $21, up 5%.
Meanwhile, pure bitcoin treasury plays are also seeing strength. Strategy (MSTR) is up 3% pre-market at $248, while Metaplanet (3350) closed Monday’s session 3% higher at 427 yen.
Elsewhere in the market, gold has jumped 2% to $4,079, and silver is approaching the $50 mark, up 3.3%. The US dollar index (DXY) continues to hover near the 100 benchmark, while US 10-year Treasury yields have edged back above 4.1%.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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Jim Chanos closed his 11-month short on Strategy as multiple to net asset value compressed sharply.
- Strategy (MSTR), the largest public bitcoin holder, has seen its mNAV fall from 2.5x to 1.23x, prompting Jim Chanos to unwind his short MSTR/long bitcoin trade after an 11-month run.
- The move comes as Bitcoin treasury firms like Metaplanet (3350) and KindlyMD (NAKA) suffer steep corrections, while MSTR remained the only major player not to trade at a discount.
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