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However, the good times may stop rolling if the heavily shorted U.S. dollar, which has recently found a "double bottom" price floor against major fiat currencies, sees a short squeeze – a rally powered by an unwinding of bearish bets, as per Singapore-based options trading firm QCP Capital. Source
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Countries from the Sub-Saharan Africa (SSA) region face a “big funding squeeze” which is forcing some of them to cut spending on health, education, and infrastructure. According to Abebe Aemro Selassie, people from the region are already “feeling the effects of the funding crisis.” The IMF says countries from
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Bitcoin (BTC) stayed on course for its highest weekly close in ten months on April 2 as $28,000 held.BTC/USD 1-week candle chart (Bitstamp). Source: TradingViewBTC price analyst: "Massive" liquidations due at $30,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD stable over the weekend after closing out March at near
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Bitcoin (BTC) refused to let $20,000 support die for good on March 11 as the weekend opened to a battle for lost ground.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin shakes off USDC depegData from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $20,200 at the time of writing.A brief dip below
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After a significant spike in February, sales of non-fungible tokens (NFTs) in the last seven days are 32.32% lower than last week. Of the 19 different blockchains, Ethereum accounted for $148.56 million out of the total $186.20 million in NFT sales settled this week. NFT Sales Decline Following February Spike in
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As Bitcoin breaks out of the $21k level, many crypto analysts have begun projecting further rallies for the asset. One of the famous crypto strategists, Crypto Kaleo, recently gave a high price prediction for the world’s largest cryptocurrency. Addressing his over 550,000 followers on Twitter, Kaleo says BTC is preparing for
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According to Bloomberg, officials with the U.S. Department of Justice's Eastern District of New York and the U.S. Securities and Exchange Commission are examining transfers between Digital Currency Group and the conglomerate's Genesis subsidiary. Genesis and CryptoX are both owned by the parent company Digital Currency Group. Bernstein's Gautam Chhugani
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A signal of traders’ extreme bearish positioning before Monday’s price increase was the funding rates for perpetual swaps of solana (SOL) sinking to 1,000% annualized rate. Then, SOL gained 20% and some $15 million of short bets were liquidated, according to Coinglass. Original Source
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Bitcoin miners are dealing with lots of pressure following the recent difficulty adjustment increase on Nov. 20, 2022, and the leading crypto asset dropping further in value against the U.S. dollar following FTX’s collapse. Statistics recorded this past weekend show that bitcoin’s average cost of production has been a lot
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The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways
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