Tuesday, April 23, 2024
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Is asymmetric information driving crypto’s wild price swings?

It has long been believed that investors possessing inside knowledge help drive cryptocurrencies’ price volatility, and a number of academic papers have been published on this topic. This is why Coinbase’s intention to regularly publish in advance a catalog of tokens being assessed for listing on its prominent trading platform

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India Crypto Investors Await Taxation Clarity; Bitcoin Rises on a Day of Big Price Swings

After dropping under $40,000 on two occasions during Asian and U.S. trading hours, bitcoin was changing hands again above $41,000, up about 4%.. Ether, the second-largest crypto by market cap, was trading at nearly $2,800, a roughly 6% gain. Most other major altcoins had gained ground over the past 24

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Robinhood Launches Recurring Crypto Buy Feature to ‘Help Smooth Out Price Swings’ – Exchanges Bitcoin News

On Wednesday, the stock and cryptocurrency trading platform Robinhood rolled out recurring crypto investments and now customers can purchase as little as $1 in crypto commission-free daily, weekly, biweekly, or monthly. The company’s announcement discusses the strategy of investment called dollar-cost averaging “in order to help smooth out the price

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Bitcoin’s Massive Swings Give Pause to CFOs Mulling Reserve Investment: Bloomberg

Wall Street chief financial officers (CFO) are more wary of putting company funds into bitcoin after last week’s 30% price plunge, Bloomberg reports.But given the return of bitcoin’s infamous price volatility – which saw the largest cryptocurrency’s price drop thousands below its peak of $41,900 set on Jan. – the

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Peak fear? Bitcoin futures leverage gets reset by this week’s wild price swings

The leverage used in the Bitcoin (BTC) futures market has fallen significantly in the past several days. This indicates that traders are generally uncertain about where BTC is heading in the near term.Estimated leverage on Binance. Source: CryptoQuantWhat is leverage and why is this metric crucial for Bitcoin market sentiment?In

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