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Bitcoin open interest high: Short positions fueling the fire?
27.6.2024
Open interest in Bitcoin ($BTC) is high. This has sparked a series of questions regarding the token’s ability to sustain optimistic resistance margins. One theory that has come forward states that the Open Interest, or OI, is high because short positions are greedy. The theory further states...
The Latest Acolyte Episode Is Star Wars At Its Most Sexy, Deadly
26.6.2024
Star Wars is a lot of things, but it is rarely sexy. A few things spring to mind: Anakin Skywalker’s bare chest after a nightmare, Padme’s midriff in the fighting pit, or a sidelong glance from Han Solo, but in recent history the franchise has been somewhat devoid of sex and death. Kylo Ren and...
The Acolyte Episode Two Review: Exploring The Gray Between Light And Dark
25.6.2024
Full disclosure: While I’m aware of The Acolyte’s interconnectivity to the Star Wars: High Republic comic books, I’ve only read a few issues and don’t follow the back and forth with the intensity of a “serious fan.” I’m watching the show on its own merits, and at least so far, am impressed by...
Bitcoin miner Hut 8 lands $150M investment amid AI boom
24.6.2024
Coatue Management invested $150 million in the Bitcoin miner Hut 8 Corp. due to its capability to power generative AI applications with its high-performance computing
Ether Traders Buy $4K Calls In Anticipation of Record High
24.6.2024
Call buyers are implicitly bullish on the market
Ethereum long-term holders reach a record high
21.6.2024
The Ethereum chart showcases the distribution of Ethereum over different periods and it denotes altering trends in investor behaviour. According to the information available from the chart, a vital amount of Ethereum acquired during the 2021-2022 time period is being held even now. Short-term...
Meme Coin Liquidity Hits Record High Even as Bid-Ask Spread Spotlights Risk
21.6.2024
Generally, increased liquidity leads to a tighter bid-ask spread, but that's not the case with meme coins
Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure
21.6.2024
Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders...
Bitcoin reclaims blockchain dominance post-BTC halving
21.6.2024
Bitcoin’s blockchain bandwidth usage surpasses 90% post-halving, driven by new token standards and increased transaction volume
Bernstein analysts expect $200K Bitcoin price by 2025 due to spot BTC ETF flows
20.6.2024
Analysts at Bernstein predict Bitcoin price to hit $200,000 by 2025 and $1 million by 2033
Italy to Increase Surveillance of Crypto Market With Fines as High as 5M Euros: Reuters
20.6.2024
Italy is set to adopt measures that will include high fines for those who manipulate the crypto asset market as part of a wider scheme to beef up surveillance of risks tied to the sector
Singapore flags digital payment tokens as high-risk in AML landscape
20.6.2024
Singapore said DPT service providers, also known as virtual assets service providers, stand out as a high-risk category within the financial sector
Nigerian High Court dismisses Binance exec's suit over detention
19.6.2024
Nadeem Anjarwalla escaped prison and traveled to Kenya, and his colleague will press his rights claims in court next month
Coinmetrics Report Explores the Risks of High FDVs in Crypto Markets
18.6.2024
A new report by Coinmetrics, along with researchers Victor Ramirez, Matías Andrade, and Tanay Ved, delves into the complexities of crypto tokenomics. The report explores the intricate balance of token distribution, valuation, and market impact. Understanding FDV and Token Float: Key Insights...
Traders unbothered by Bitcoin’s sub-$65K levels, say BTC price remains ‘high and steady’
18.6.2024
Bitcoin price requires high demand-side pressure to push the BTC out of an extended correction
Star Wars: The Acolyte Episode One Is The Fresh Take The Jedi Needed
17.6.2024
A long time ago in a galaxy that’s ours, Star Wars meant fun, adventure, creativity, and cultural impact. Then Disney bought the rights from George Lucas and the franchise suffered from quality control and oversaturation (*cough* Solo, *cough* The Book of Boba Fett). When The Acolyte trailer...
Bitcoin’s New Normal: Prices Over Five-Digits for 28% of Its Lifetime
17.6.2024
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining...
Bitcoin Technical Analysis: BTC Endures Persistent Downward Trend Amid High Volatility
17.6.2024
As of June 17, 2024, Bitcoin is trading at $65,805, with a 24-hour intraday range between $65,518 and $66,992. The cryptocurrency market is displaying notable volatility, as evidenced by significant trading volume and fluctuating price levels. Bitcoin Bitcoin’s 1-hour chart reveals a clear...
Ethereum scaling ecosystem’s combined TPS hits new all-time high
17.6.2024
Over 41% of those transactions took place on Xai, a new Ethereum layer-3 scaling solution focused on gaming applications
Study: Crypto Market Participants Favor Meme Coins, Shun High-FDV Projects
17.6.2024
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their...