Cryptocurrency Analysis and News Portal
ETFs would be a big deal for bitcoin because they're far easier for the average investor to buy than the cryptocurrency itself or existing bitcoin investment products, like the Grayscale Bitcoin Trust (GBTC) with $21 billion assets under management. The U.S. Securities and Exchange Commission rejected GBTC's conversion into one,
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“Looking ahead, with no major scheduled events or economic data releases this week, we anticipate that price action in the market will be influenced by open interest levels, reflecting trader sentiment, and trending topics such as memes and artificial intelligence,” Johnny Teng, Senior Researcher at LBank Labs, said in a
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The crypto exchange is faced with several risks that could trigger a reversal of the stock’s recent gains, the report said. Source
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Crypto exchange Binance and its CEO Changpeng Zhao are making headlines once again as news of the company’s acquisition moves hit the industry. According to recent news, Binance acquired a 41% stake on Korean crypto exchange Gopax. The deal was originally scheduled to be revealed last year, and it involved
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The price of Bitcoin failed to break through the $43,500 resistance zone and fell below the $42,000 mark before changing course. The world’s most valuable cryptocurrency is now exhibiting bearish characteristics and remains vulnerable to a move towards $40,500, multiple charts show. Bitcoin dipped below the $42K level for the first time
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Ether (ETH) price jumped 11% between March 26 and March 29 to reach $3,480, which is the highest level in 82 days. Currently, the price is down 9% year-to-date but does data support the belief that the altcoin has resumed its uptrend toward a new all-time high? Institutional investors seem excited
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CoinDesk culture reporter Will Gottsegen ranks the Super Bowl crypto ads from worst to best. Original Source
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Implied vols, which are calculated off options premiums and gauge the market’s view of future risk, are down to levels not seen since October 2020. To be sure, regular levels in crypto implied volatilities would signal alarm and panic in the equity market, but since the second week of December,
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From Oct. 19, when the ProShares ETF started trading, through Tuesday, BITO shares were down by 2.45%, based on a chart shared by Grayscale, the company that sponsors GBTC. Bitcoin was down 1% over the same period and GBTC was up 7.5%. (Grayscale is a unit of Digital Currency Group,
Read MoreBitcoin prices tumbled on Monday by the most in two months, falling below a key threshold of $8,200 not seen since late October. Original Source
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