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The construction-centric capital has been gunning to attract more crypto companies as it contends with a housing market slowdown that has hindered its famed real estate industry. Over the summer the emirate unveiled a metaverse initiative that aims to bring more than 1,000 blockchain and metaverse companies to the city
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Bitcoin (BTC) price faced fierce resistance at $23,000 after an 11% rally on Jan. 20, but that was enough to cause $335 million in liquidations for short positions using futures contracts. The 36% year-to-date gain to $22,500 caused bears to be ill-prepared for the $1.48 billion monthly options expiry on
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The court action seeks damages from the Bitcoin Cash backer Roger Ver related to the alleged failure to settle cryptocurrency options transactions that expired on Dec. 30, 2022. Source
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The price of Ether (ETH) rallied 16% between Jan. 14 and Jan. 21, peaking at $1,680 before facing a 5.4% rejection. Curiously, the same resistance level resulted in a substantial correction in late August 2022 and again in early November 2022. Ether/USD price index, 2-day. Source: TradingViewFrom one side, traders are
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The long-term sentiment has turned bullish for the first time in 12 months. Source
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Ethereum price (ETH) gained 10.2% from Jan. 4 to Jan. 10, breaching the $1,300 resistance without much effort, but has the Ether price move cast a light on whether the altcoin is ready to begin a new uptrend.Will Ethereum’s former resistance level turn to support? After testing the $1,200 support
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With Bitcoin gathering some decent gains since the new year, MicroStrategy saw its shares climb 34.21%.According to a filing with the Securities and Exchange Commission (SEC), proprietary trading firm Group One has acquired options to buy 1.3 million shares of MicroStrategy (NASDAQ: MSTR). Group One presents itself as a market maker in US
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Last week, a buy order for 50,000 contracts of ether options – with a $400 strike price and expiring in June – appeared on Deribit's order book, raising alarm bells in the crypto community. As of press time, ether was priced around $1,300, so the options trade would pay off
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"We have seen two-way flows ahead of the data release, with some clients putting on short-dated put spreads on BTC and ETH for downside protection. At the same time, there has also been buying interest in short-dated call spreads," the founder and CEO of quant-driven trading firm TDX Strategies, Dick
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