Bitcoin’s gradual price increases led the asset to a multi-month peak of over $98,000 yesterday, but it was stopped before even having the chance to challenge the $100,000 mark. Most altcoins have followed suit today with minor losses, led by 3% declines from AVAX and PEPE. BTC Stopped at $98K It was the beginning of […]
TL;DR The market uncertainty and cautious investor behavior, which were evident in Q1 and early April, seem to be behind us, as whales have returned in full force for several big cryptocurrencies. In April alone, these large market participants went on an accumulation spree not only for BTC and XRP, but ADA as well. Data […]
With the growth of the cryptocurrency and digital asset economy has come the expansion of the stablecoin market in the United States and abroad, stated the US Treasury in a report released on April 30. The research noted that there could be an 8.3x increase from the current stablecoin market cap of $234 billion in […]
Around 27,000 Bitcoin options contracts will expire on Friday, May 2, and they have a notional value of roughly $2.54 billion. This week’s event is around average compared to previous weeks, while derivatives crypto trading has remained muted as spot markets show signs of recovery. Bitcoin Options Expiry This week’s batch of Bitcoin options contracts […]
The launch of spot Bitcoin ETFs and later the Ethereum counterparts last year in the US changed the game, while Trump’s pro-crypto approach and favorable regulatory environment brought even more hope for numerous large-cap altcoins to have such financial vehicles trading on Wall Street. With over 70 applications sitting on the Securities and Exchange Commission’s […]
Bitcoin has reclaimed bullish control after breaking through a major resistance at $95K. However, all eyes are now on the looming psychological barrier at $100K, a critical level that could either trigger profit-taking or act as a springboard toward new all-time highs. Technical Analysis By ShayanMarkets The Daily Chart BTC’s recent breakout above the decisive […]
Donald Trump’s World Liberty Financial (WLFI) has announced that its newly launched stablecoin, USD1, will be the settlement currency for a $2 billion investment by Abu Dhabi-based MGX into Binance. The revelation, made at the ongoing Token2049 conference in Dubai by WLFI co-founder Zach Witkoff, marks a major milestone for the fledgling stablecoin, which has […]
Sam Altman’s World has officially launched in the United States, with plans to deploy 7,500 of its eye-scanning orbs across American cities by the end of the year. The project has also revealed a suite of new features and partnerships as part of the expansion. US Expansion Plans An April 30 announcement reveals that the […]
Ripple seems determined to make a big move in the stablecoin space, but its offer to acquire the second-largest such issuer was reportedly turned down. At the same time, its own stablecoin has stalled after the initial impressive launch, and its market cap remains under $320 million, according to CoinMarketCap and CoinGecko. Circle Refuses The […]
The electirc vehicle manufacturer cleared rumors started by a report from The Wall Street Journal that it is looking for a new Chief Executive Officer. The WSJ reported hours ago that the company is looking for someone to succeed Elon Musk for the CEO role at Tesla. Naturally, rumors started flying around and speculations as to why […]