Cryptocurrency Analysis and News Portal
Assuming Wall Street embraces these ETFs, the futures premium, or the spread between futures prices and spot prices, would rise significantly, boosting yields from cash and carry strategy, which involves buying the asset in the spot market and simultaneously selling futures contracts. Carry trades are direction-neutral and profit from an
Read More
Welcome to the latest edition of Cryptox’s decentralized finance (DeFi) newsletter.In a week where Rari Capital achieved the $1billion TVL milestone, read on to discover why OlympusDAO is yielding four-figure sums on its most popular protocol. What you’re about to read is a shorter, more succinct version of the newsletter.
Read More
Those who bet correctly, meanwhile, win additional game tokens and are ranked by their return on investment (ROI). The yield earned in the DeFi pool will be paid out as prize money split among those who finish at the top of the competition’s “ROI leaderboard.” Hedgehog is dangling $5,000 to
Read More
The crypto market leader is trading near $41,800 at press time, down 2% for the week, having bounced from $41,000 to $44,000 over the weekend. Gold is nursing a 0.5% loss at $1,740 per ounce, while the dollar index, which tracks the greenback’s value against majors, has jumped to 1.5-month
Read More
In the midst of the recent days’ downtrend, there are still open opportunities for profits in the Ethereum ecosystem. Alpha Finance Lab team has announced its tokenomics with staking rewards for its users and new products based on the Alpha Homora protocol: ALPHA token holders will benefit from the growth of
Read More
The price of Bitcoin (BTC) is struggling to break past $51,000 on March 8 as the U.S. Treasury yield is rising again while the U.S. Dollar Index (DXY) is at the highest levels in over three months.The global stock market, including equities in the U.S. and Asia, have pulled back
Read More
The Federal Reserve chairman acknowledged the surge in the US Treasury bond yields but didn’t suggest any action to keep the long-term yields under check.On Thursday, March 4, the US stock market remained under pressure with the Dow Jones Industrial Average closing 345 points down. DJIA (INDEXDJX: .DJI) ended the trading
Read More
Bitcoin prices extended losses on Friday as the US dollar gained alongside the long-term Treasury yields. Downside pressure on cryptocurrency remains amid expectations of modest job growth in the US. The technical support offered by the 20-period moving average on the four-hour chart maintains Bitcoin’s medium-term bullish outlook. Bitcoin dropped Friday, suggesting that
Read More
According to a technology strategist at investment bank Baird, Ted Mortonson, the new tech dynamic is FOGK (fear of getting killed).Tech stocks are under pressure due to recent rising yields. In the last five days, the Nasdaq Composite Index has declined nearly 5%. In the past year, tech stocks were
Read More
Bitcoin’s dizzying bull run is showing no signs of slowing down despite an uptick in U.S. government bond yields.The cryptocurrency market leader set a new lifetime high of $51,348 early Wednesday, having penetrated the psychological level of $50,000 on Tuesday for the first time, according to CoinDesk 20 data. Prices
Read More