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Futures Funding Rates Normalize After Crypto Surge Forced Traders to Pay High Fees to Maintain Long Positions
15.11.2023
Image Source: Pexels Funding rates on major token futures have started to return to normal levels after recent rally forced traders to pay unusually high fees to sustain their long positions. Amid the recent surge in crypto prices, open interest in futures skyrocketed to over $35 billion, according...
Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase
15.11.2023
As bitcoin hovers around $36,209, the cryptocurrency market braces for potential shifts. The day prior, BTC slid to a low of $35,109 per coin but has since managed to rebound back above the $36K range. Bitcoin’s market volatility intensified following the release of the consumer price index...
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
14.11.2023
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend...
Bitcoin Price Prediction as US Core Inflation Rate is Announced – Is the Bear Market Officially Over?
14.11.2023
Bitcoin (BTC) Chart / Source: TradingView Bitcoin (BTC) is trading at daily lows in the $36,100s in wake of the release of the latest US inflation figures for October, despite the numbers coming in lower than expected across the board. The headline Consumer Price Index (CPI) showed prices remaining...
XRP Technical Analysis: Market Navigates Rumor-Induced Volatility
14.11.2023
In the wake of recent market rumors about Blackrock’s involvement with XRP, the cryptocurrency’s price experienced significant volatility. Today, XRP stands at $0.654, reflecting a dynamic interplay of market forces and investor sentiment. XRP’s Price Rollercoaster: Blackrock...
Crypto’s 24-Hour Score: Gainers Like Memecoin Triumph With Double-Digits, ARK Amongst Top Losers
13.11.2023
As the cryptocurrency market sails smoothly at a valuation of $1.4 trillion, bitcoin and ethereum have stabilized, mostly moving sideways. Yet, a handful of virtual currencies enjoyed robust gains on Monday, with memecoin (MEME) soaring 44.28%, leading the charge as the week kicked off. Conversely...
Bitcoin Miners’ Daily Profits Top $44 Million, Reaches Highest Point Since April 2022
13.11.2023
Source: AdobeStock / Photocreo Bednarek The cryptocurrency market has recorded soaring prices in recent weeks sparking wins spanning across miners’ profits, decentralized finance (DeFi) numbers, and larger investor appetite. Global Bitcoin (BTC) miners have seen mining profits soar to new highs...
Ethereum Technical Analysis: ETH’s Bullish Streak Meets Oscillator Caution
13.11.2023
Ethereum’s price action remains in the spotlight as it navigates above the $2,000 threshold, with key indicators suggesting a mix of neutrality and bullish signals. The digital currency’s recent upsurge reflects a growing bullish consensus among investors, despite some calls...
Bitcoin Technical Analysis: Traders Anticipate US Inflation Data Amidst Tight Trading Range
13.11.2023
The crypto market is abuzz with the prospects of bitcoin exchange-traded funds (ETFs), sparking a rush of investments in anticipation of their approval. Investors and traders are bracing for the U.S. inflation report due to drop on Tuesday, which historically shakes up market sentiment and could...
Bitcoin Technical Analysis: BTC Navigates Tides of Low Volume and Market Swells
12.11.2023
On Sunday morning Eastern Time (ET), bitcoin’s trading value hovers slightly over the $37,000 mark per unit, peaking at $37,294 for the day. There’s a slight dip in BTC trading volume over the weekend compared to the previous weekday, totaling $10.76 billion of the crypto...
Economist Peter Schiff: Complete Separation of US-China Economies Would Be ‘a Disaster for America’
12.11.2023
Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the Chinese would be rewarded with more goods and lower...
Solana’s Rally Hits 184% Gain in 30 Days as $19M in SOL Shorts Liquidate in 24 Hours
11.11.2023
This weekend, the crypto community’s buzz centered on solana (SOL) and its notable surge in value against the U.S. dollar over the previous week. SOL has posted an 11% gain in the last 24 hours, with a striking 45.2% uptick over the week, ascending to the rank of the sixth largest asset...
Six-Figure Prices for Bitcoin Rock Ordinals and EtherRock NFTs Reignite Hopes for Return of NFT Mania
11.11.2023
$100k+ Sales of EtherRock NFTs and Bitcoin Rock Ordinals Stoke Speculation of an NFT Revival. Image by Garrett, Adobe Stock. Nonfungible tokens (NFTs) are back in the spotlight this week after separate high-profile sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each. The sales...
ETH to Surpass $5,800 by End of 2025 — Experts See Lowest Price of $1,352 in 2023
10.11.2023
The U.S. dollar value of the cryptocurrency ether is predicted to end the year averaging $1,840 and $5,824 by the end of 2025, the latest Finder’s prediction report has said. Regulatory uncertainty and a challenging macroeconomic environment are likely to cause ether’s drop...
Bitcoin Soars to Become 11th Largest Global Asset, Nearing Berkshire Hathaway’s Valuation
10.11.2023
The value of bitcoin (BTC) climbed over 38% against the U.S. dollar in the past six months, registering a 125% increase year-to-date. Riding high at a peak not seen in 18 months, bitcoin’s market capitalization has ascended to become the eleventh-largest among global assets. This ranking...
Bitcoin, Ethereum Technical Analysis: Bullish Trends and Overbought Signals in BTC and ETH
10.11.2023
While global equities slumped following the speech from U.S. Federal Reserve chairman Jerome Powell on Thursday, crypto markets held strong with an overall market valuation of $1.4 trillion on Friday, November 10, 2023. Bitcoin and Ethereum Navigate Through Market Uncertainty The crypto economy...
Bitcoin 'Short Squeeze' Bumps Prices to Nearly $37K as Spot ETF Hopes Strengthen
9.11.2023
Over $62 million in bitcoin shorts were liquidated in the past 24 hours, contributing to higher prices
Michael Saylor Expects Bitcoin Demand to Double After Halving and Spot Bitcoin ETF Approvals
9.11.2023
Microstrategy Chairman Michael Saylor expects the demand for bitcoin to double after the halving and the approvals of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The Microstrategy executive says the next 12 months will be “pretty auspicious...
Bitcoin Flips Ethereum for the First Time in 24-Hour NFT Sales Shift
8.11.2023
On Wednesday, November 8, 2023, the Bitcoin blockchain saw its non-fungible token (NFT) asset sales surpass those on the Ethereum platform, marking a historic shift during a single-day span. According to the analytics provided by cryptoslam.io, Bitcoin-based NFT transactions amounted to $17.17...
Bitcoin Technical Analysis: BTC Price Holds Above $35,000 But Momentum Slows
8.11.2023
Bitcoin’s price is holding above the $35,000 level, but positive momentum has slowed over the past week according to technical indicators. The world’s largest crypto asset by market capitalization closed at $35,369 on November 8. As Global Markets Show Mixed Signals, Bitcoin Rally...