Wed, November 20

Metaplanet Expands Bitcoin Reserves with Sale of 233 BTC Put Options

Metaplanet, a Japan-based Bitcoin investment firm, has announced the sale of 233 BTC put options with a strike price of $62,000 expiring on December 27, 2024. It resulted in earning a premium total income of 23.97 BTC. The firm’s strategic use of Bitcoin derivatives is to generate additional income from

October 3, 2024 2 mins read

Analysts Warn of Potential Price Correction Amid Bitcoin OI Surge

Some market analysts are worried that the market is becoming frothy due to the recent increase in open futures contracts for Bitcoin. Open interest (OI) in Bitcoin has skyrocketed, surpassing $35 billion, a mark that has traditionally been associated with local price peaks. One important indicator that investors use to

October 2, 2024 1 min read

US Spot Bitcoin ETFs Record $1.1B Inflows in Best Week Since July

With inflows of almost $1.1 billion, the United States spot Bitcoin exchange-traded funds had their best week since July 15-19. According to Farside Investors, the best-performing day since June 4 was on September 27th, when $494.4 million was added. The spot Bitcoin ETFs raised $366 million on September 26th, the

September 29, 2024 1 min read

Can Uptober Live Up to Its Bullish Expectations This Year?

The cryptocurrency market is gearing up for a potential bullish surge in October, famously dubbed “Uptober,” following a historically positive trend during this month. Uptober, a blend of “Up” and “October,” represents the expected bullish performance of Bitcoin and other altcoins based on historical data. According to Coinglass, Bitcoin has

September 27, 2024 2 mins read

Is Bitcoin (BTC) Set for a Bullish Breakout Above $66,500?

Bitcoin is currently trading at $64,420.02, marking a 2.04% increase in the last 24 hours. Its market capitalization surged to $1.27 trillion, showing a similar 2.04% rise. Meanwhile, the 24-hour trading volume reached $29.24 billion, increasing by 3.52%. This steady price movement highlights a bullish sentiment in the market. Institutional

September 25, 2024 2 mins read

Bitcoin Price Slumps Back to $63K Amid Increased Volatility

The cryptocurrency market, much to the delight of the investors, turned bullish last week. Leading cryptocurrencies recovered from their downward trajectory, sustaining over the previous fortnight. Meanwhile, the crypto community also rejoiced at a pro-crypto statement from the US Democrats’ candidate, Kamala Harris.  However, in the last 24 hours, Bitcoin

September 24, 2024 2 mins read

Riot Platforms and Bitfarms Settle Dispute Ending Ongoing Tussle

Bitfarms and Bitcoin miner Riot Platforms Inc. have settled their months-long dispute over Riot’s intended takeover attempt. This development comes in the lead-up to Bitfarms’ Special Meeting of Shareholders on November 6th. Both firms’ stock prices are out of the red zone and are expected to surge. Riot Platforms Inc.

September 23, 2024 2 mins read

Bitcoin Reaches 25D High as Whales Trade and Shorts Liquidate

Bitcoin, the world’s largest cryptocurrency, has once again sparked excitement within the market by reaching a 25-day high of $64,745 just hours ago. Over the past 24 hours, Bitcoin’s trading volume has surged by 86%, rekindling optimism among traders. Many in the crypto community are already calling it a taste

September 23, 2024 2 mins read

Bitcoin Price Likely to Face Correction Following Recent Surge

Bitcoin has had a really good ten days or so, with the asset adding about $10,000 during this span, largely due to the US Federal Reserve’s move to lower key interest rates. But several social measures imply that the cryptocurrency’s boom could be ended soon. Last week on Wednesday, September

September 21, 2024 2 mins read

Can Bitcoin (BTC) Break Through the $65K Resistance?

The Bitcoin price displays a brief bullish sentiment, attempting to hit a higher value after the recent break-out above $63K. The largest cryptocurrency managed to trade within the $60K range for the past three days. The analysts speculate that the asset could hit a new all-time high (ATH) before this

September 21, 2024 2 mins read