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Search Results for: cryptocurrency trading

Can DOGE Recover from Market Lows Amid Whale Purchases?

Dogecoin (DOGE) is witnessing turbulent market conditions, despite a 5.48% price surge to $0.1086 today. This comes after the coin hit a 14-day low of $0.10108 yesterday. Over the past week, DOGE has declined by 12%, with market bears exerting pressure. Notably, trading volume fell by 9%, signaling a potential

October 4, 2024 2 mins read

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

October is referred to as the “uptober” month, known for the upward momentum of the cryptocurrency market. Despite that, Bitcoin is suffering to regain its price. The largest cryptocurrency is currently trading above the $61K mark; a brief recovery has been made over the past 24 hours.  On the other

October 4, 2024 2 mins read

Whales Bet Big on Bitcoin Despite Market Weakness

Bitcoin has struggled to maintain momentum in the first few days of “Uptober,” a month typically marked by bullish sentiment. Despite high community expectations for Bitcoin to surpass $70K, the flagship cryptocurrency recently hit a 16-day low. Over the past week, Bitcoin has dropped 6%, primarily due to macroeconomic factors.

October 4, 2024 2 mins read

Solana Price Eyes Key Support Level Amid 13% Weekly Decline

The expected impetus of ‘Uptober’ has not yet materialized, despite investors’ clinging expectations for a positive surge going into 2025. After a short upswing in September, investors’ hopes were dashed as Bitcoin’s value plummeted to $60,000, causing altcoins to follow suit and leading to widespread market losses. Cryptocurrency prices have

October 3, 2024 1 min read

Kraken Launches Crypto Derivatives Platform in Bermuda

In order to facilitate derivatives trading, crypto exchange Kraken has established a trading platform in Bermuda. The BMA has granted Kraken the necessary license. An increasing number of people are considering Bermuda as a potential location for crypto activities. After Coinbase and HashKey Global reach the island, Kraken follows suit.

October 3, 2024 1 min read

Countdown Begins for BlockDAG’s 50% Bonus; LayerZero Climbs & Ethereum Enthusiasts Keep Faith

Crypto enthusiasts are often on the lookout for opportunities that promise substantial growth in a brief period. Currently, the cryptocurrency community is abuzz with several significant developments. LayerZero (ZRO) is currently seeing a 16.8% price surge, driven by increased activity following an airdrop announcement. Meanwhile, Ethereum investors maintain a positive

October 3, 2024 4 mins read

OKX Exchange Announces Listing PayPal USD (PYUSD) Stablecoin

The cryptocurrency market has seen a spur of activity in the last 24 hours. While the Uptober bull run has not begun yet, prices have declined. Meanwhile, cryptocurrency firm Ripple has reaffirmed its vow to battle with the SEC. Amid traders’ significant losses and partnerships, as aforementioned, the sector showed

October 3, 2024 2 mins read

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
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