Cryptocurrency Analysis and News Portal
“Our view that there has been a profound paradigm shift in the global economy: The risk of inflation being durably above official targets is now a serious risk, and it is featuring prominently in corporate and household decisions once again,” Deutsche Bank strategists wrote in a research note on Wednesday. Original
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The surge in bitcoin futures open interest, or total number of outstanding derivative contracts, over the past month coincided with the launch of the first bitcoin futures-based exchange-traded fund (ETF) introduced by ProShares, trading under the ticker BITO. “Now, the open interest has declined substantially, particularly when subtracting the BITO
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This week a number of contenders are set to participate in Polkadot's first parachain auctions and this process tends to place buy pressure on DOT, while also giving aspiring blockchain projects a chance to show why they offer the most competitive solutions to the different demands that exist in the
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HeroVerse’s Journey More than a month after its IDO, HeroVerse is currently well on its way to being a success story for our Development Team. On the IDO day, the native token of HeroVerse, $HER, successfully reached Top 1 on Dextool only after 17 minutes of debuting. On top of that,
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Bitcoin made a new all-time high early this morning, peaking at $68,500. Analysts are suggesting that a lack of supply is a major factor behind the peak, as some reports show that 85% of existing supply has pretty much remained inactive for the past 3 months. According to CoinGecko, which tracks
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Ether’s options market flows appear more bullish than ever, with the cryptocurrency eyeing the psychological level of $5,000.Data tracked by Swiss-based analytics firm Laevitas shows there are currently 1.02 million call option contracts ($4.8 billion) open on the Deribit exchange – perhaps a record figure and twice more than the
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For Ethereum, sentiment has remained positive. Funds focused on the blockchain’s native cryptocurrency, ether, saw inflows of $31 million last week. “Ethereum’s market share has suffered in recent months due to bitcoin’s dominance, but the recent combination of positive price performance and inflow has seen their AUM rise,” the report
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Bitcoin price was able to clear the $62,500 resistance against the US Dollar. BTC could correct lower if altcoins continue to gain momentum in the near term. Bitcoin is facing resistance near the $63,500 and $64,250 levels. The price is now trading well above $62,500 and the 100 hourly simple moving average. There
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BusinessThe analyst raised the miner’s 12-month price target to $82 from $78 and 2022 earnings estimates, citing its expansion plans.By Aoyon AshrafOct 26, 2021 at 5:18 p.m. UTCUpdated Oct 26, 2021 at 5:18 p.m. UTCGreenidge mining center (Caleb Parker) Original Source
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Many are quick to flock to stablecoins for their ability to de-risk cryptocurrency positions. A stablecoin can be pegged to any perceivably stable asset, for instance, a digital asset like Bitcoin (BTC) or a fiat currency like the US dollar. In theory, if a digital asset was pegged to the
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