For context, Bitcoin returned a yield in average crypto exchange prices of 210% from Nov. 1, 2023, to a historical record high level above $108,000 on Dec. 16, according to data compiled by CoinMarketCap. Compare that to US stocks’ performance over the same time period, and the original and most secure cryptocurrency massively over-indexed for […]
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last week’s mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. Bitcoin Options Expiry This week’s batch of […]
Approximately 20,000 Bitcoin options contracts will expire on Friday, Jan. 3, in the first such event of 2025. They have a notional value of $1.93 billion, which is a fraction of last week’s mammoth end-of-year expiry event, so the impact on spot markets is likely to be minimal. Bitcoin Options Expiry This week’s batch of […]
According to CryptoQuant’s latest data, Binance has reached a new milestone in its stablecoin reserves as it hit an all-time high of $31 billion recently. This marks a significant recovery and growth, as the reserves stood at just $7 billion in June 2023. Therefore, the latest figure reflects a nearly fivefold increase over six months. […]
Altcoins include all the other Internet currencies secured by cryptographic blockchains, in addition to Bitcoin, which is a seminal and first-in-class cryptocurrency. Their currency market exchange rates can vary with as much volatility as BTC and tend to track along with Bitcoin’s price. In fact, big rallies for BTC tend to lead to major bull […]
Canadian crypto firm Matador Technologies announced a major shift in its capital preservation strategy this week after its Board of Directors unanimously approved the addition of Bitcoin and USD-denominated assets to its corporate treasury. The goal behind this decision is to mitigate risks associated with the company’s reliance on Canadian dollar-denominated assets, which marks a […]
Bitcoin’s price actions took a turn for the better over the past few days, and the asset even came close to $100,000 yesterday evening as the crowd became highly bullish again. However, it was stopped there and pushed south by a few grand amid reports of a growing number of investors realizing profits. What Needs […]
Institutional investors are getting cold feet as the crypto market correction deepens with spot Bitcoin ETFs in the US reversing a fifteen consecutive trading day trend of inflows. For the past three trading days, the eleven spot Bitcoin ETFs have shed $1.17 billion as the asset fell more than 14% from its all-time high a […]
Bitcoin’s massive rise from under $70,000 to over $108,000 within a month and a half after Donald Trump’s landslide victory in the US presidential elections left some investors outside the circle. However, the ever-volatile nature of BTC always leads to substantial corrections that provide opportunities for those who missed the initial train to get on […]
Bitcoin’s price actions in the past few days have been nothing short of a substantial correction that pushed it south by around thirteen grand. It seems Powell’s comments made during the latest FOMC meeting have scared US investors as they pulled over $670 million from the spot Bitcoin ETFs within just a day. Red Record […]