JPMorgan analysts led by Nikolaos Panigirtzoglou said in a note this week that Bitcoin (BTC) could draw more price support than gold if hedging demand in the ETF market eases, with short interest in BlackRock’s iShares Bitcoin Trust (IBIT) sitting near its highest level of the year. IBIT’s put-to-call open interest ratio runs above that […]
Ripple’s cross-border token was at the forefront of gains toward the end of August when its price reached $1.70. Since then, though, bears have regained control, and it has experienced a substantial pullback. The CLARITY Act’s failure only worsened XRP’s position, driving it down to roughly $1.26. It has regained some ground and now trades around […]
Crypto.com is moving closer to launching single-stock futures in the United States after the SEC acknowledged a Form 1-N filing from North American Derivatives Exchange (Nadex). CEO Kris Marszalek revealed the company is now “authorized” to bring single-stock futures to the market through OG.com, which is its CFTC-regulated standalone prediction market platform launched in February. […]
Charles Hoskinson says the cryptocurrency industry is about to do to artificial intelligence what it once did to cryptography, and he thinks the spending spree behind today’s AI data centers is heading for a bust. In the September 16 episode of the Deeptech Insights podcast, the Cardano founder argued that blockchains could give AI payment […]
The popular privacy coin has once again emerged as a top performer, up double digits in the past 24 hours to briefly touch $1,400 before retracing to $1,330. ZEC’s bull run has triggered painful losses (albeit some on paper) for traders who previously opened short positions, while several analysts believe the rally is far from […]
XRP’s recent 70% rally may have had an early on-chain signal. Santiment found 85 new wallets holding at least 1 million tokens appearing just two days before the August 17-21 surge. That matters because these larger wallets can absorb supply and strengthen bids while shifting liquidity faster than retail traders. Changes in their numbers have […]
Trader Matthew Hyland says Bitcoin is sitting at a daily cycle low with a bullish divergence forming on the charts, and he’s calling for prices above $90,000 by early November. He’s making that call even as BTC trades near $76,000, down sharply since the Senate failed to advance the CLARITY Act, and while most of […]
Solana is holding a major support area even after its latest correction. After reports that the CLARITY Act failed to advance in the US Senate, the crypto asset took a plunge from over $101 to under $96 before a minor recovery. Ali Martinez found that 72 million SOL previously traded around this level, which makes […]
The world’s largest cryptocurrency exchange will end support for several trading pairs across its margin and spot sections. Many of the involved digital assets have entered red territory today (September 16), but is Binance the sole reason for their poor performance? The Upcoming Delistings The company conducts periodic reviews of all listed trading pairs on […]
The US Senate failed to advance the Digital Asset Market Clarity Act after the procedural vote fell short of the 60 needed to move forward. While this was “disappointing,” Coinbase co-founder Brian Armstrong said that bipartisan talks may continue and the bill could get another chance. The exec, however, acknowledged that the industry “cannot wait” […]