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On July 24, Bitcoin (BTC) experienced a flash crash, plummeting to $29,000 in a movement now attributed to significant BTC holders potentially liquidating their positions. Amidst the crash and market uncertainty, Bitcoin's three major trading metrics continue to project a bullish outlook, signifying that professional traders have not reduced their leverage
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The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points. Source
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Traditionally, traders have relied on human-based pattern recognition and technical analysis, looking at the company’s financial health, competitors and other methods for determining what trades to make on an asset.However, with the growth of artificial intelligence (AI), there are additional ways that traders can analyze the markets, using the data
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Navigating the constantly changing landscape of cryptocurrencies can be difficult. The market’s instability can make it hard for investors to make informed decisions, resulting in missed chances and potential losses. Nevertheless, Bitnals, a crypto company, aims
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Wallet infrastructure provider and digital asset custodian BitGo have signed a non-binding letter of intent to acquire fintech infrastructure provider Prime Trust, according to an announcement on June 8. The terms of the agreement were not disclosed. If the deal goes through, BitGo will acquire Prime Trust’s payment rails and cryptocurrency IRA fund
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The six-month call-put skew, which measures the difference between what investors are willing to pay for bullish calls and bearish puts expiring in 180 days, has declined to -1, the lowest since March 13, according to data from leading crypto options exchange Deribit, tracked by Amberdata. Source
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Crop commodities, including orange juice, are bullish following several underperforming weeks and could hit record highs May-ending. Orange Juice futures climbed 29% this year and is fully recovering following the volatility that succeeded its record highs. The world benchmark FCOJ (Frozen Concentrated Orange Juice Futures) contract remains firmly rooted among raw materials with double-digit
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In answer to a further question from former U.S. Commodity Futures Trading Commission Chairman Timothy Massad, Campa also appeared to share concerns voiced by the U.S. central bank, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency that stablecoins on decentralized, permissionless blockchains could prove unsafe or
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You might not have heard of the reserve risk multiple, but right now, it's signaling a continued bitcoin price rally in months ahead. Source
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