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Options traders are turning their attention to long-term bullish bets on the cryptocurrency ether, as some anticipate that an ether-based exchange-traded fund (ETF) product will likely follow the launch of the first bitcoin futures-based ETF in the U.S.Data reveal a growing demand for long-dated, out-of-the-money (OTM) call options on ether
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“Broadly speaking, if ether fails to stay above $3,300 there is a risk of a deeper correction to perhaps $1,400 by the end of October,” Noble said in an email. “The Evergrande situation could be similar to the events of 2008, so while the ETH bull case is intact for
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Bitcoin price extended its increase above the $44,000 level against the US Dollar. BTC traded close to $45,000 and it might correct lower in the short-term. Bitcoin started a recovery wave above the $43,000 and $43,000 resistance levels. The price is now trading above $44,000 and the 100 hourly simple moving average. There
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A new survey has revealed bleak insights into the apparent willingness of retail investors to follow digital asset advice from the social media accounts of celebrities and influencers.According to a Morning Consultant survey of 2,200 U.S. adults, 45% of crypto-holding respondents indicated they would be likely to seek exposure to
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Ethereum was able to extend its rally above the $3,500 resistance zone against the US Dollar. ETH price is gaining pace and it might continue to rise towards the $3,800 level. Ethereum started a steady increase above the $3,500 and $3,550 resistance levels. The price is now trading above $3,500 and the
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Bitcoin (BTC) edged closer to $50,000 on Aug. 22 as concerns over a bearish downturn made a timely reappearance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Modestly bearish" signs accompany $50,000 run-upData from Cryptox Markets Pro and TradingView showed BTC/USD hitting a high of $49,830 on Bitstamp Sunday — itself a three-month record.The
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Data shows funding rates for Bitcoin have turned positive, a signal that might indicate market sentiment is bullish among traders. Bitcoin Funding Rates Turn Positive, While Derivative And Spot Reserves Move Down As pointed out by a CryptoQuant post, the funding rates seem to be slightly positive for the BTC market right
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In the last few weeks, the Bitcoin (BTC) mining market has experienced a black swan event, leading to a lot of uncertainty and confusion surrounding the future of the market. This is why I felt it was right to give the public a quick update and explain why it's a
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Bitcoin price gained bullish momentum and cleared the $38,000 resistance against the US Dollar. BTC could correct lower, but the bulls are likely to remain active above $37,200. Bitcoin extended its rise and it even cleared the $38,000 resistance (as discussed yesterday). The price is now trading above $37,500 and the 100
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OXIO wants to use blockchain to make “Telecom-as-a-Service” as common as SaaS.To that end, the New York-based startup is announcing Tuesday a $12 million Series A funding round, led by Brazilian VC monashees and Atlantico Capital, with participation from FinTech Collective and Multicoin Capital. It takes the firm’s total fundraising
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