In times of heightened uncertainty, rapidly evolving geopolitical situations, and volatility in the US government, investors have shown markedly different behavior toward the spot crypto ETFs. While those with exposure to the world’s largest cryptocurrency have been consistently pulling funds out of them, the XRP alternatives actually outperformed their counterparts with a strong daily net […]
The derivatives market is witnessing a change in sentiment, with funding rates and open interest rising. A Crypto Derivatives Analytics report from the trading platform Bybit and research firm Block Scholes attributed this change to bitcoin’s (BTC) latest recovery and move to the upper $90,000 range. According to analysts, bitcoin’s breakout coincided with rising perpetual […]
It has been well over a month since the first spot XRP ETF hit Wall Street on November 13 with a record-breaking trading volume of almost $60 million. With four more such financial vehicles launching since then, demand for them has slowed over time, but it remains higher than for essentially all other spot crypto […]
The recent market downtrend has left many bitcoin investors and market enthusiasts in confusion. This is because predictors and a few factors point to a further downtrend, while some claim that the world’s leading crypto sits at a powerful support zone. Obviously, BTC witnessed a significant price recovery last week, jumping by about 15% to […]
The Nasdaq International Securities Exchange filed with the SEC on Wednesday to quadruple position limits for options on BlackRock’s spot Bitcoin exchange-traded fund (IBIT). The exchange is raising the options limit fourfold, from 250,000 contracts to 1 million contracts. Crypto industry author Adam Livingston called it “incredibly bullish news” for Bitcoin, adding: “This is the transition […]
The spot Bitcoin ETFs in the United States set a new record in terms of trading volume on Friday, which was categorized as “wild but normal” by experts. This came amid turbulent times for the underlying asset, which experienced a substantial price volatility that included a drop toward $80,000 and a subsequent recovery of almost […]
Bitcoin can’t catch a break in the past few weeks, as it dumped once again early this morning to a new seven-month low of $85,000 on most exchanges. This means that the asset has lost over $20,000 in just ten days, as it peaked above $107,000 on November 11. Amid speculations about the state of […]
The world’s largest crypto by market capitalization has failed to stay within its consolidation range between $106,000 $116,000 as buying power wanes, according to Bitfinex Alpha. The price movement is demonstrating little conviction from the bulls, leading to a decline in investor confidence and sentiment. The crypto asset briefly climbed to $116,000 last week, offering […]
New data has revealed a steep drop in activity from small-scale Bitcoin (BTC) investors on major trading platforms, with Binance experiencing an 80% collapse in daily deposits from this group since early 2023. Some market watchers are seeing the shift as a fundamental change in market structure, where traditional retail participation is being replaced by […]
Bitcoin whales are moving their wealth from the blockchain onto Wall Street’s balance sheet, reported Bloomberg on Tuesday. Spot Bitcoin ETFs are providing a novel way for the crypto-rich to get their coins into the traditional financial markets without selling them, it added. The exchanges are tax-neutral swaps where no cash changes hands and no […]