The Chicago Mercantile Exchange (CME), a prominent global platform for derivatives trading, has experienced a remarkable upswing in crypto options trading during the month of July, a development highlighted by data sourced from CCData. These crypto options, a dynamic financial instrument offering investors the ability to buy or sell a crypto asset at a predetermined […]
Bitcoin’s price has managed to hold above the $29,000 mark despite the disappointing US Nonfarm Payrolls (NFP) data for July. The NFP figures revealed an increase of 187,000 jobs, falling short of the market’s expectation of 200,000. As a result, this lower-than-expected employment growth has bolstered the possibility of a rebound in risk assets such […]
BTCUSD continues to face bearish pressure, with the bears maintaining control of the market. The current situation can be attributed to a sense of indecision among the buying base, particularly around the significant level of $30410.0. This uncertainty has allowed the bears to drive the coin’s price downward. Despite the buyers’ efforts to hold on, […]
Introduction to Crypto Airdrop Scams Crypto airdrops, a popular marketing tactic used by crypto and DeFi platforms, offer users a chance to receive free tokens and help promote new projects. However, this attractive prospect also lures cyber criminals who exploit the concept to scam unsuspecting victims. Recognizing and avoiding these scams is crucial to safeguarding […]
BTCUSD Analysis – Market Buyers Exhausted at Key Level of $30410.0 Bitcoin (BTCUSD) is currently experiencing a significant shift in sentiment. Buyers driving the price upwards seem to have lost their momentum and strength at $30,410. This loss of buying power has resulted in a downturn in the market. Previously, the market was steadily rising […]
Bitcoin has successfully mined its 800,000th block, leaving just 40,000 more to go before the next mining reward halving. This noteworthy achievement underscores the network’s strong security and resilience. Moreover, block height plays a crucial role in maintaining the blockchain’s chronological order, thereby enhancing its immutability. Furthermore, block height has a direct impact on Bitcoin’s […]
BTCUSD Analysis: The Price May Drop Back to the $24810.0 Support Level Bitcoin may drop back to the $24810.0 demand level after failing to sustain above the $30410.0 resistance level. The coin has experienced significant fluctuations since its surge from the $24810.0 support a month ago and currently remains below the $30410.0 resistance. This suggests […]
Bitcoin and Ethereum sold off roughly 5% on the news. Cryptocurrencies have performed well since the beginning of the year in part because of inflationary concerns. Bitcoin and Ethereum are both deflationary by design and are believed to be a hedge against inflation.However, the Fed’s ability to get a handle on inflation may have investors […]
Introduction to BitFi BitFi is a groundbreaking innovation that enables the creation of advanced decentralized finance (DeFi) protocols and applications on the Bitcoin network. By leveraging smart contracts, decentralized protocols, and layer-two scaling solutions, BitFi facilitates lending, borrowing, trading, and more within the Bitcoin ecosystem. The integration of DeFi into Bitcoin offers users enhanced liquidity, […]
