Cryptocurrency Analysis and News Portal
Digital currency prime broker Genesis Global Trading posted over $20.7 billion in notional value traded for derivatives during the fourth quarter of 2021, up 62% from the previous record of $12.8 billion in Q3. For all of 2021, derivatives notional value traded of $53.8 billion was up 812% from the
Read More
A new Chainalysis report has revealed that $8.6 billion in value was laundered through cryptocurrency in 2021. It marks a 25% increase from 2020, but still remains well below the high watermark hit in 2019. That year $10.9 billion in value was laundered via cryptocurrency. Since 2017, Chainalysis estimates that a
Read More
"As a major correction sent ETH falling from $3,200 to $2,500 in the past week, on-chain liquidations surged as positions started to hit their liquidation point," analysts at Delphi Digital said in Monday's newsletter, adding that MakerDAO has profited from the liquidation event. Original Source
Read More
Bitcoin (BTC) set new multi-month lows on Jan. 24 as the new week began with some classic price behavior.BTC/USD 1-minute candle chart (Binance). Source: TradingView“Rangeplay” for BTC after CME gap fillData from Cryptox Markets Pro and TradingView showed BTC/USD dipping to $32,967 on Bitstamp prior to the Wall Street open Monday.That
Read More
"Ultimately, after significant discussion and consideration in consultation with outside counsel and other professional advisors, the executive board determined that, in view of all the circumstances, it is in the best interest of the company to wind up operations, liquidate our balance sheet and effectuate an orderly and fair and
Read More
The recent crypto sell-off also may have contributed to a wider GBTC discount. Bitcoin is down roughly 37% from its all-time high around $69,000 in November, although the cryptocurrency's price appears to be stabilizing around $42,000 at the time of writing. Source
Read More
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates
Read More
Non-fungible token marketplace OpenSea is headed for its highest volume month ever, indicating NFTs may be one sector of the cryptocurrency economy that has decoupled from bitcoin’s price drop.For the first half of January, OpenSea has generated nearly $2.7 billion in volume, which is on track to surpass the $3.4
Read More
Mark Twain said that history doesn’t repeat, but it often rhymes. Such a scenario could be about to play out in Bitcoin, according to a potential fractal that mimics the setup before a previous record-breaking rally. While the conditions aren’t quite the same for an exact repeat, there could be enough
Read More
Bitcoin (BTC) is in line for "explosive" price action as derivatives markets return to form in 2022, a new forecast states.In a tweet on Jan. 4, Vetle Lunde, an analyst at Arcane Research, confirmed that BTC denominated open interest (OI) had returned to all-time highs seen in November.Open interest demands
Read More