Bitcoin is trying to start a recovery from $112,000, but bears may pose a substantial challenge at $117,000 and then at $120,000. Key points: Bitcoin is trying to take support near $112,000, but higher levels are likely to attract selling by the bears. The deep pullback in several altcoins suggests the next leg of the up move may not happen in a hurry. Read more
The digital exchange operator and media company is eyeing an initial public offering of between $28 and $31 per share, regulatory filings show. Cryptocurrency exchange operator and media company Bullish plans to raise between $568 million and $629 million in a US initial public offering (IPO), having already drawn interest from major institutional investors. Just weeks after its initial IPO submission, Bullish submitted an updated F-1 document with the US Securities and Exchange Commission (SEC), outlining plans to issue 20.3 million shares, potentially valuing the company at up to $4.2 billion. If the IPO is approved, Bullish shares could begin trading as early as Aug. 12. Read more