It’s been an explosive past few days for the Bitcoin market. Even after a slight correction from the $11,500 highs, the asset remains up nearly 20% in the past seven days alone. Some analysts are still pricing in a correction, arguing that bulls are overextended here. They cite funding rates, which is the fee that…
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While Bitcoin was trading sideways, small-cap altcoins, decentralized oracles, and DeFi tokens were the stand out crypto market performers for several months. However, as the first-ever cryptocurrency and Ethereum began pumping over the last week, DeFi projects were decimated. Has the latest rally in majors exposed decentralized finance projects as nothing more than hype? Ethereum…
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The structure of the entire cryptocurrency market has been shifting throughout 2020, with traders placing an increased emphasis on options contracts to capitalize on the volatility seen by Bitcoin and other digital assets. The options market’s influence over Bitcoin’s price dynamic is growing by the day, with trading volume on Deribit setting a record high yesterday.…
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Bitcoin is surging higher after consolidating under $10,000 for a number of weeks and months. As of this article’s writing, the leading cryptocurrency is trading at $11,000 — a price nearly 20% higher than it was seven days ago. The asset is on track to hit $20,000 by year-end, according to a prominent cryptocurrency investor…
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Bitcoin is struggling to gain momentum above the $11,200 level against the US Dollar. BTC is currently correcting lower and it could test $10,700 before a fresh increase. Bitcoin is showing signs of a downside correction below the $11,200 level. The price is likely to find a strong buying interest near the $10,700 level. There…
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Ripple traded to a new monthly high above $0.2400 against the US Dollar. XRP price is currently up over 8% and it is likely to continue higher towards $0.2500. Ripple started a strong increase above the $0.2250 and $0.2320 resistance levels against the US dollar. The price traded to a new monthly high at $0.2411…
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XRP’s price has seen some slight gains in recent times but is still lagging behind many of its peers. While Bitcoin, Ethereum, and many altcoins all post intense upswings that have led them into full-fledged bull market territory, XRP remains stuck within the lower-$0.20 region. Its struggling price mainly comes due to a lack of…
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Some analysts renewed their expectations of a crypto bull run following Bitcoin’s 11% gains yesterday. Resistance at the $10.5k level has proven difficult to break, having been rejected there on several previous occasions. But yesterday’s rally cut through $10.5k with ease, bringing a daily candle close at $11,030. Bitcoin daily chart with volume. (Source: tradingview.com)…
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BAND, the native asset of a decentralized oracle of the same name, surged by up to 31 percent on Tuesday. The explosive rally followed a five-day losing streak that saw BAND/USD exchange rate falling from its all-time high at $5.259 to as low as $2.825. It also came as Bitcoin plunged modestly from its year-to-date…
DetailsOKEx just became more attractive to options traders as the leading crypto spot and derivatives exchange launched three more expiration dates for its popular offering. In a late announcement last week, the platform added daily, two-day, and monthly options to the list which earlier included weekly, bi-weekly, quarterly, and bi-quarterly options. All options on OKEx…
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