Bitcoin options trading across multiple exchanges posted their best open interest figures since January 2019. The value of the total number of outstanding contracts went past $1.5 billion, according to Skew. The data appeared ahead of the Federal Reserve’s monetary policy release today at 1430 ET. Bitcoin options trading across a total of five derivative…
DetailsRipple is showing bearish signs below $0.2050 against the US Dollar. If XRP breaks the key $0.2000 support, it could also put a lot of pressure on bitcoin in the short term. Ripple is struggling to settle above the $0.2040 and $0.2050 resistance levels against the US dollar. The price is now trading well below…
DetailsOKEx, the global cryptocurrency derivatives, and spot trading platform is inches away from occupying a top spot in the crypto industry. It has been maintaining a close second position in terms of trading volumes for three straight months. The latest CryptoCompare Exchange Review states that the crypto derivatives volumes during the month of May 2020…
DetailsBitcoin is trading nicely in a strong uptrend above $9,300 on the daily chart against the US Dollar. BTC is currently facing a crucial barrier at $10,000, above which it could rally significantly. Bitcoin climbed to a new 2-month high at $10,390 before starting a consolidation phase. The price seems to be losing bullish momentum,…
DetailsOver the past few months, we’ve seen a strong uptick in institutions adopting Bitcoin and crypto-assets. Nothing shows this as well as Grayscale’s Bitcoin Trust, a leading way that institutional investors can use to gain exposure to cryptocurrency. According to NewsBTC’s research, the trust brought in 62,972 BTC over the past 12 weeks. Over that…
DetailsFrom a technical perspective, Ethereum’s price action has been relatively lackluster in recent times, with buyers struggling to garner any sustainable uptrend as the crypto closely tracks Bitcoin’s price action. One data metric does indicate that investors have been heavily accumulating throughout the course of the cryptocurrency’s recent downturn. This accumulation has led investor’s profitability…
DetailsBitcoin has seen some generally lackluster price action throughout the past several days and weeks, struggling to garner any decisive momentum as it hovers within the mid-$9,000 region. This price action has muddied the clarity that many analysts previously had as to just how strong the cryptocurrency’s uptrend truly is, and has shaken the confidence…
DetailsThe stock market has been caught within an intense uptrend over the past couple of days while Bitcoin consolidates within the upper-$9,000 region. The ongoing equities rally has come about due to renewed hopes of the economy seeing a “V-shaped” recovery due to most countries across the globe easing their pandemic-related lockdowns. Recent employment data…
DetailsBitcoin price has been consolidating after its last strong push higher for over forty days now. After many attempts to break up through $10,000, each rejection has caused the price action to closely resemble a distribution schematic designed by financial market expert, Richard D. Wyckoff. If the current price action is indeed distribution, a massive…
DetailsViewed as a sector, decentralized finance (DeFi) has shown a much better performance than the broader crypto market. Data has shown that major DeFi projects such as the Kyber Network, Loopring, Aave, and Republic Protocol have all shown significant returns between 165% and 300% this year, vastly outperforming major players such as Bitcoin and Ethereum.…
Details
