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"The milestone has been achieved with nearly double the number of outstanding contracts, representing not just a substantial triumph for Deribit, but also a clear indicator of the broader market growth and the escalating interest in options among our clients," Luuk Strijers, chief commercial officer at Deribit, told CryptoX. Deribit
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"The fifth bitcoin bull market appears to be primarily driven by the expectations of institutional adoption," the report said. "Bitcoin's characteristics, which were traditionally associated with assets like gold and other safe-haven investments such as Treasury bonds, have led institutions to consider Bitcoin for diversifying their asset allocation." Source
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HayCoin (HAY), which then dropped back to $3 million, now has just 4.35 tokens in circulating supply spread among 5,800 holders, data from DEXTools show. They currently have a market capitalization of nearly $14 million. Apart from the tokens in circulation, there are no HAY tokens held in any other
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The use of artificial intelligence (AI) is increasing, with more crypto protocols adopting the technology. In Q4 2023, ChatGPT was tasked with predicting prices for Polkadot, Cosmos, and Everlodge. Summary: ChatGPT sees Polkadot rallying to $7.74 in Q4 2023. Cosmos network activity is rising, and ATOM prices could follow. ChatGPT forecasts Everlodge to reach
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BTC could run towards $40,000-$45,000 after consolidating around current prices, Capriole Investments said. Source
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There are currently 12 spo bitcoin ETFs in consideration by the U.S. Securities and Exchange Commission (SEC). The applications are from Grayscale, 21Shares & Ark, BlackRock, Bitwise, VanEck, WisdomTree (WT), Invesco (IVZ), Galaxy, Fidelity, Valkyrie, Global X, Hashdex and Franklin. Source
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“Bitcoin has also been encouraged by possible ETF approval and an increasing number of ETF submissions by leading companies,” shared Lucy Hu, senior trader at Metalpha, in a message last week. “(With the) Bitcoin ETF approval and halving event in April, the crypto market could kickstart a very robust bull
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“Bitcoin has been the recipient of most of these positive catalysts, and BTC dominance is now the highest it has been since early 2021, with the bellwether digital asset grabbing market share from ETH and stablecoins,” added David Lo, Bybit’s head of financial products in a Telegram message. “However, there
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The CoinDesk Bitcoin Trend Indicator BTI, which measures the directional momentum and strength in bitcoin's price action, switched to "significant uptrend" as BTC strengthened its footing above the $30,000 level, Todd Groth, head of research at CoinDesk Indices, noted. Original Source
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The Bitcoin market dynamics have recently taken an interesting turn, suggests Alex Thorn, Head of Firmwide Research at Galaxy. According to his
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