Crypto options exchange Deribit is experiencing a surge in trading activity, reaching a historic high of $23.6 billion in notional open interest on Friday, as reported by CoinDesk. Bitcoin options constitute 67% of the total, with the remaining portion being Ether options. Options, serving as derivatives, grant investors the right to buy or sell an […]
BTCUSD Could Pullback to $39,800 to Continue Rallying BTCUSD could retrace to $39,800 before it continues its strong upward drive. So far, Bitcoin has continued the trend that it began at the beginning of the year at the $16,500 demand level. The price has since been gliding upward through a parallel channel, with only a […]
Bitcoin (BTC) has embarked on a striking rally, catapulting from $27,000 to an impressive $44,000 since early October. While investors eagerly await the approval of bitcoin exchange-traded funds (ETFs) in the United States, another crucial factor appears to be steering the current bitcoin bull run: the decline in interest rates across major bond markets. The […]
As the US SEC nears approval of the Spot ETF, a bullish surge in bitcoin is expected. The impending bullish trend for Bitcoin (BTC) revolves around the awaited approval and launch of the first US Spot Bitcoin ETF. Forecasts hint at the US Securities and Exchange Commission (SEC) greenlighting at least one Spot ETF by […]
BTCUSD Breaks Above $38,000 Resistance Level BTCUSD pops upward and has successfully surged above the formidable $38,000 resistance level, marking a significant breakthrough after nearly two weeks of persistent buyer efforts. Overcoming this resistance has been a challenging journey, with multiple tests and candle wicks attempting to breach the level. BTCUSD Key Levels Supply Levels: […]
Bitcoin (BTC) has experienced a remarkable rally, reaching its highest level since May 2022, fueled by a series of positive factors. CoinDesk reports that over the past two weeks, more than 37,000 BTC, valued at approximately $1.44 billion, exited centralized exchanges, signaling a trend of investors opting for direct custody and long-term holding. The notable decrease […]
A Bitcoin user who paid a whopping $3 million fee for a single transaction may get a refund from AntPool, the mining pool that processed it. AntPool announced that it has frozen the fee and is waiting for the owner to verify their identity before returning it. Learn 2 Trade previously reported that the user […]
BTCUSD Could Pullback Due to the $38,000 Resistance BTCUSD faces the prospect of retracing to the $35,000 support level, having encountered resistance at $38,000. Despite the bullish momentum that propelled the price up by over 42% in a remarkable four-week span, reaching from $26,300 to the formidable $38,000 resistance level, the cryptocurrency now grapples with […]
The critique of Ravi Menon, a managing director of the Monetary Authority of Singapore (MAS), sparks an anticipated bearish trend for BTC. These remarks mirror a growing doubt within financial circles. The misclassification of Bitcoin as ‘private’ also prompts inquiries into regulatory comprehension. Menon foresees a future financial landscape involving CBDCs, tokenized bank liabilities, and […]
