Cryptocurrency Analysis and News Portal
In other words, if bitcoin builds momentum above $30,000 as expiry approaches, dealers will buy the cryptocurrency in the spot and futures markets. That, in turn, could lead to an exaggerated price rally, often called a gamma squeeze, or sling-shot effect. On the flip side, dealers will be forced to
Read More
Bitcoin (BTC) made a new 52-week high on June 23, indicating that bulls are on fire. Buyers have managed to hold on to a large part of the gains made during the week, signaling that they are in no hurry to book profits. Bitcoin climbed 16% this week, outperforming the
Read More
Bitcoin (BTC) lingered near $30,000 on June 22 as traders sought opportunities to “buy the dip.”BTC/USD 1-hour chart. Source: TradingViewBitcoin dip-buyers “ready” for $28,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD volatility calming overnight after rapid gains.BTC price performance had impressed the day before, with the largest cryptocurrency returning
Read More
“Bitcoin’s rally is part of a larger trend signaling a shift towards bitcoin as a distinctly strong and established store of value,” shared Alex Adelman, CEO of bitcoin rewards app Lolli, in an email. “Bitcoin’s recent climb to over 50% market dominance in the crypto markets reflects a growing demand
Read More
The surge in Raft, an alternative stablecoin issuer, highlights the booming market for liquid staking tokens, which enable users to main liquidity, despite locking their ether to earn rewards for securing the Ethereum blockchain. The liquid staking sector has a combined TVL of more than $20 billion, putting it ahead
Read More
“Blackrock’s ETF presents a statement or unique ‘solution’ if you will that makes it different from previous ETF filings,” shared Eitan Katz, CEO of Kima, in a Telegram message. “It includes a surveillance sharing agreement with Nasdaq, which means that Nasdaq will have access to the trading data, including customer
Read More
After a momentary retest of the $25,000 support on June 15, Bitcoin gained 6.5% as bulls successfully defended the $26,300 level. Despite this, the general sentiment remains slightly bearish as the cryptocurrency has declined by 12.7% in two months.The dismissal of Binance.US’s temporary restraining order by Judge Amy Berman Jackson of the
Read More
Bitcoin (BTC) recovered some lost ground on June 16 as markets shook off mixed United States macro signals.BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBlackRock Bitcoin ETF plan buoys marketsData from Cryptox Markets Pro and TradingView showed BTC/USD circling $25,500 on Bitstamp, after bouncing around $1,000 from the previous day’s
Read More
“An estimated 20% of Americans have now owned bitcoin at some point. BlackRock’s proposed ETF potentially offers the other 80% an option that is altogether more familiar and accessible,” said Sui Chung, CEO of CF Benchmarks, in an email to CryptoX. “BlackRock’s increasing engagement shows Bitcoin continues to be an
Read More
Bitcoin (BTC) returned above $26,000 on June 13 as analysts eyed resistance overhead. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin price inches between trend linesData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $26,000 support after the daily close.The pair had seen a curiously uneventful start to
Read More