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
Bitcoin’s highly anticipated ‘Uptober’ began on a bearish note, as the cryptocurrency dropped to a two-week low of $60,164. The global crypto market cap also saw a significant dip, standing at $2.15 trillion—a 4.66% decrease in just 24 hours. This came alongside a surge in trading volume, up by 52.59%
The US economy shrank last month, according to the most recent US PMI data from S&P Global, which caused a decline in the price of bitcoin today. The data indicates that the US manufacturing PMI was about 47, a little lower than the number from the prior month. Notably, traders
As the curtain falls on September, Bitcoin has been through a whirlwind of activity, with investors cautiously optimistic about what lies ahead in October, affectionately dubbed “Uptober” in crypto circles. Despite a recent sell-off, Bitcoin has managed to hold onto crucial support levels, demonstrating resilience amidst market fluctuations. The week
With the new month bringing glad tidings for some, the digital assets community anticipates bullish rallies and god candles. In the midst of investors’ expectations, Uptober faces pressures for significant price actions. However, in the Asian early morning hours, the cryptocurrency market has receded to a mild price dip sending
After six weeks of negative withdrawals, spot Ethereum exchange-traded funds based in the US have had their strongest weekly inflows since early August. One of these funds has achieved a historic milestone: a net asset value of more than $1 billion. After six weeks of net weekly withdrawals, US-based spot
Bitcoin (BTC) has been through several hurdles over the past month. BTC recently surpassed the $65,000 resistance mark, drawing attention within the crypto market. However, the upward momentum was short-lived as the price dipped to previous lows. The asset opened September by trading at $59K; as days progressed, BTC has
As the growth of the crypto market reaches another level, many indicators suggest that major assets will be a decisive year in 2025. Leading the charge are Bitcoin, Ethereum, and Rexas Finance, a newly emerging token already praised as the “Cardano-Killer.” These three tokens are expected to bring great gains:
One of the most important factors in the future of Web3 and cryptocurrency, according to CryptoQuant CEO Ki Young Ju, is regulation. Ju said in an X post from September 29 that crypto and Web3 could “thrive responsibly” if the appropriate regulations were in place to reduce the prevalence of
In anticipation of impending legislation, the Dutch Financial Markets Authority (AFM) issued a warning against the dangers of pump-and-dump schemes using cryptocurrencies. On December 30, the Markets in Crypto-Assets Regulation (MiCA) will be put into force. As stated in an official press release by the AFM. Market manipulation methods, such
