Despite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon. Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull […]
Approximately 98,500 Bitcoin options contracts will expire on Friday, Nov. 29, in a large end-of-month expiry event. They have a notional value of $9.48 billion, which is more than triple that of last week’s expiry. However, it is still likely to be eclipsed by the end of December’s year-end event. Bitcoin Options Expiry This week’s […]
Bitcoin went through one of its most spectacular runs in recent history since the US elections three weeks ago, skyrocketing from under $70,000 to just shy of $100,000. After gaining more than $30,000 in less than a month, it was almost inevitable that the asset would eventually retrace, which happened yesterday as BTC was rejected […]
Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more […]
Bitcoin experienced a short-term pullback at the end of the business week, slipping below $87,000 briefly after registering its latest all-time high of nearly $94,000 on Wednesday. However, the worst could be over as the asset has recovered most of the losses and currently sits above $91,000. At the same time, on-chain factors have emerged […]
Around 38,500 Bitcoin options contracts will expire on Friday, Nov. 15, and they have a notional value of around $3.4 billion. Today’s options expiry is pretty similar in magnitude to last week’s, as markets have remained buoyant for most of the week. However, analysts have cautioned that a correction is due following the largest rally […]
Bitcoin’s price has been on a whopping run that drove it from $68,000 on US election day just over a week ago to a fresh all-time high of over $93,000 earlier this morning. After gaining roughly $25,000 within the span of less than ten days, the crowd has expectedly turned highly bullish and the levels […]
Bitcoin prices hit another all-time high in late trading on Wednesday, Nov. 13, when it tapped $93,477, according to CoinGecko. However, the asset had since retreated to around $90,000 during the Thursday morning Asian trading session. The correction was a blip as BTC continued higher adding to its 20% weekly gains. Bitcoin has now added […]
Chinese fabless integrated circuit design company Nano Labs has announced that it has opened a Coinbase account and begun accepting Bitcoin payments for its products. Its decision to expand its global transaction options coincides with Bitcoin reaching an all-time high of $90,000. Nano Labs Turn to Bitcoin In its official press release, Nano Labs stated […]
It has been nothing short of a spectacular week for the cryptocurrency market, led by the largest of the bunch, which continued to chart new peaks, with the latest coming hours ago. The total crypto market cap saw a high of its own at over $3.1 trillion. However, the most mind-boggling price surge is coming […]