Cryptocurrency Analysis and News Portal
XTZ, the native cryptocurrency of the Tezos blockchain platform, recently defeated a long-standing Head & Shoulder pattern.If successful, the bearish technical indicator could have crashed XTZ to as low as 523 sats.Its failure now puts the crypto en route to record highs.XTZ is trading almost 28 percent lower from its
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Fundstrat’s Tom Lee thinks the S&P 500 will hit all-time highs by year-end. Massive stimulus and a sharp rebound in corporate earnings are driving stock prices higher. There is no better alternative to stocks, as bonds have meager yields. While many investors believe the stock market will crash soon,
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Bitcoin’s option market continues to grow, signaling an increased influx of sophisticated traders and institutions into the crypto space.Open interest (or open positions) in options listed on the Panama-based Deribit exchange jumped to a record high of $1 billion Tuesday, according to the data provided by the crypto derivatives research firm
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Bitcoin’s now-concluded halving event, which several in the industry cited as a price catalyst, seems to have revived institutional interest in a hyped, but overlooked trading product. Bitcoin Halving Spurs Options Interest As reported by The Block on May 17, Bitcoin options at the Chicago Mercantile Group (CME) have surged since last
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Bitcoin’s (BTC) options markets are finally taking off at CME. This week Cryptox reported that the combined volume traded over the last ten days surpassed $140 million, as institutional investors delved in call options.The buyer of a call option can acquire Bitcoin for a fixed price on a predetermined date.
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Crypto.com has gathered a record-breaking $360 million worth of insurance to cover the potential loss of coins stored in special offline vaults.Announced Monday, the crypto finance platform accessed the cover through institutional custody provider Ledger Vault, which offers $150 million of pooled insurance cover to clients via insurance broker Marsh,
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Pre-halving speculation has driven historic volumes of crypto trade, with April 30 producing the second-strongest single day for volume on record according to a report published by market data aggregator, CryptoCompare.Notional volume for BTC options on Chicago Mercantile Exchange, or CME, also tagged a new record in recent days, with
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Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX. Over the
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After the mid-March price crash led to a brief exodus of miners operating older hardware, the Bitcoin (BTC) hash rate posted a new all-time high (ATH) of more than 142 exahashes per second (EX/s) on March 3.The new record beats out the previous ATH of 123 EX/s posted on March
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Genesis Global Trading has reported a 100% jump in new loan originations in the first quarter. The cryptocurrency lender and trading platform added a record $2 billion in new loans in the three months leading to March 2020, up $1 billion from the previous quarter. BTC accounted for 44.8%
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