September 7, 2024
Bitcoin

Bitcoin 6% Price Fall Sparks Open Interest Plunge

Recent trends in the cryptocurrency market have actually shown a definite materialization of change in trading dynamics, especially when the open interest of Bitcoin is depressed and that of the altcoins surges, particularly Ethereum. This indeed evidences how traders are shifting their capital to look for greener pastures in the altcoin market. According to Santiment’s

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Bitcoin

$293M Crypto Longs Rekt After $59,000 Crash

Data shows that the crypto derivatives market has seen a large number of liquidations in the past day as Bitcoin has crashed to $59,000. Bitcoin Has Seen A Sudden Crash Under $60,000 In The Last 24 Hours The price action in the past day has shocked Bitcoin investors as the cryptocurrency has taken a plunge,

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Bitcoin

Rate Cuts Won‘t Boost Bitcoin On Their Own, Says Arthur Hayes

Federal Reserve chairman Jerome Powell confirmed last week that the central bank’s long-awaited pivot is just around the corner. But is this actually bullish for Bitcoin? Conventional wisdom says yes, but BitMEX co-founder Arthur Hayes—a near perennial Bitcoin bull—says it’s more complicated than that. “We are forgetting that these future anticipated rate cuts by the

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Bitcoin

Bitcoin holder supply reaches $10B for the first time: Effects on BTC?

Bitcoin holder buys hit $10 billion for the first time. Bitcoin large holders supply hit 262,000 BTC over the past 30 days. Bitcoin [BTC], the largest cryptocurrency by market cap, has recently experienced a sharp decline in its prices. At press time, the king coin was trading at $58679. This marked a 6.69% decline over

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Bitcoin

Bitcoin drops below $60,000 as ETFs see outflows and on-chain metrics show negative trend

U.S. spot Bitcoin ETFs recorded outflows of $127.1 million on Tuesday. Nasdaq files with the SEC to list and trade Bitcoin Index Options. On-chain data shows long liquidations and a higher percentage of shorts, signaling a continuation of the bearish trend.   Bitcoin (BTC) edges up slightly on Wednesday after dropping by 7.5% at the

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Bitcoin

Cryptocurrencies tumble, bitcoin falls below $60k

Bitcoin (BTC-USD) fell to a one-week low, slipping below $60,000. Ethereum (ETH-USD) also fell in the trading session. What is driving crypto lower? Yahoo Finance Reporter Jared Blikre joins Morning Brief to break down the recent movements in crypto and what investors need to know about recent trading trends. For more expert insight and the

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Bitcoin

Bitcoin Slides to $57K—Analysts Eye CME Gap for Potential Comeback

Bitcoin experienced a sharp decline, falling below $60K, with analysts predicting a potential recovery due to a CME gap. Whale activity has increased despite the price drop, indicating strong market interest and possible bullish momentum. Bitcoin [BTC] has experienced a sudden and significant drop in the past 24 hours, surprising many in the crypto community.

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Bitcoin

Massive Bitcoin Expansion: CME Debuts ‘Friday Futures,’ Nasdaq Pursues BTC Index Options

In a move to broaden access to Bitcoin (BTC) futures for retail investors, CME Group has unveiled a new, smaller-sized futures contract dubbed the “Bitcoin Friday Futures” (BFF). According to Bloomberg, the cash-settled BFF will be priced at one-50th the size of a full BTC, currently around $1,200 per contract. This is significantly more affordable

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Bitcoin

Nasdaq rolls out first Bitcoin index: What it means for BTC’s future

New Bitcoin trading products on the verge of launch. Bitcoin index and futures to increase Bitcoin trading liquidity. Nasdaq and CME Group are making significant strides in expanding Bitcoin trading options, a move that could have profound implications for the future of  Bitcoin [BTC]. Nasdaq is leading the effort with its first-ever BTC index. The

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Bitcoin

Spot Bitcoin ETFs see outflows of $127m led by ARKB’s largest negative flow to date

Spot Bitcoin exchange-traded funds in the United States have seen net outflows of $127.05 million on Aug. 28 led by ARK 21Shares’ ARKB. Data from SoSoValue indicates that the 12 U.S. spot Bitcoin exchange-traded funds experienced net outflows on Aug. 28, breaking an eight-day streak of positive inflows. During this eight-day period, these funds had

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