Balaji Srinivasan – the popular venture investor and Coinbase’s former Chief Technology Officer (CTO) – believes Bitcoin Maximalism is due to gain steam as a philosophical and economic belief system. In a Twitter post on Wednesday, the entrepreneur argued why faith in the existing financial system is bound to erode over time as the U.S. […]
More traditional finance firms in the United States are jumping on the crypto bandwagon and giving their clients access to the burgeoning sector. This is seen in the increasing portfolio allocation given to crypto investment products. A tweet by Bloomberg exchange-traded fund (ETF) analyst Eric Balchunas has revealed that two U.S. investment advisors, Legacy Wealth […]
Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. During that timeframe, the crypto sector’s market cap surged from slightly above $1 trillion to over $2.5 trillion. Bullish Trends and BTC as a Hedge According to the report, OKX’s trading volumes […]
There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options […]
Public interest in the ‘Bitcoin halving’ is gaining steam as Google searches for the term have now risen to their highest level in history. According to Google Trends data, interest in the term began steadily ramping up at the start of 2024. Beginning with a score of 9 in January, interest in the “bitcoin halving’ […]
The price of Bitcoin (BTC) fell back below $60K on Friday following reports of explosions occurring close to the airport in Isfahan, a city in Iran. The report comes from the semi-official FARS news agency in Iran, citing local sources. Multiple flights began diverting their routes around Western Iranian airspace early Friday morning. The state-run […]
Bitcoin has now retreated 18% from its all-time high of $73,737 on March 14, tapping $60,000 during late trading on April 17. Corrections are a healthy part of market cycles, however, and analysts agree that this one may not be over yet despite the halving being just a couple of days away. On April 17, […]
The neutralization of funding rates in crypto perpetual markets following the drawdown suggested that the correction was healthy and that volatility may eventually decline. With the Bitcoin halving a few days away, the amount of BTC leaving centralized exchanges has risen to levels not seen for more than 15 months. At the same time, the […]
The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping. On April 16, prominent market analyst “Cold Blooded Shiller” told his 269,000 followers on X that Bitcoin is “still the cloud that hangs over crypto.” BTC has retreated 15% from its March […]
The cryptocurrency market is known and critiqued (by some) for its enhanced volatility, a good example of which it witnessed in the past 12 hours or so when prices tumbled, leaving nearly $1 billion in liquidations. Bitcoin was among the least affected assets, but its price still tumbled from around $71,000 to $65,000 before it […]