An above-forecast U.S. wage-growth figure may revive expectations of a 75 basis point Fed rate hike and bring more volatility to markets. Source link
Omkar Godbole
325 posts
“Musk’s acquisition of Twitter, which has played a key role in crypto discourse and has adopted the asset class, has spurred speculation about possible implications,” crypto derivatives firm FRNT Financial’s daily newsletter dated April 26 said. “For example, a number of DOGE-related profiles have circulated an exchange on Twitter where Musk responded ‘that would be [sick]’ to the suggestion of replacing the social media platform’s blue bird logo ‘to a doge.'” Source link
“This reflects BTC’s increasing correlation with macro stock indices as well as its recent behavior as a risk asset rather than a store-of-value, and points to price turbulence ahead as markets digest the impact of further inflation and liquidity withdrawals,” Noelle Acheson, head of market insights at CoinDesk’s sister concern Genesis Global said. Source link
“I don’t remember this level of bearishness amongst contacts and Twitter, even back on cycle lows in January,” one fund manager said. Source link
De hecho, los sesgos put-call, que miden el costo de las opciones put en relación con las opciones call, muestran que las opciones put obtienen un precio más alto que las opciones call en todos los períodos de tiempo, incluido el vencimiento de seis meses. Los comerciantes han estado comprando salidas en los últimos tiempos. “También hemos visto una gran demanda de puts de baja delta [menor ejercicio], particularmente en ETH, a lo largo de los vencimientos hasta diciembre, con picos tan bajos como 1.000. Esto también podría ser una demostración del retraso de la fusión de ETH”, dijo QCP Capital, […]
Indeed, put-call skews, which measure the cost of puts relative to calls, show puts are drawing a higher price than calls across all time frames, including the six-month expiry. Traders have been buying outs off late. “We’ve also seen large demand for low delta [lower strike] puts, particularly in ETH, across the expiries out till December with strikes as low as 1,000. This could also be a play on further delays with the ETH Merge,” Singapore-based QCP Capital said in a Telegram broadcast. Source link
Por ejemplo, el régimen previo de baja volatilidad duró más de dos meses, desde finales de septiembre a principios de noviembre, con el intercambio de criptomonedas principalmente en el rango de $10.000 a $13.000. La ruptura ocurrió el 5 de noviembre, y los precios subieron muy por encima del máximo de junio de 2019, de $13.800. Source link
“In 2022, the Deribit Implied Volatility Index, a measure of implied volatility on BTC and ETH options, has trended lower into the auctions period,” Two Prime said. “For 100% of occurrences 4 to 7 hours leading up to the auction, volatility has fallen as short open interest pushes [options] premiums lower,” Two Prime said. Source link
The leading cryptocurrency by market value fell to $38,577 during the Asian hours, a level last seen on March 15, according to CoinDesk data. Per analytics firm IntoTheBlock, $40,000 was important support, as significant buying activity has happened around that level in the past. The latest decline means the cryptocurrency has lost over 17% since testing waters above $48,000 three weeks ago. Source link
SHIB hodlers remain unfazed and accumulated holdings during the past weeks, analytics firm said. Source link
Macro uncertainties keep traditional investors from following LFG’s lead in accumulating bitcoin at current valuations. Source link
“They will offer an extremely attractive ~20% APR [annual percentage rate], which will ignite DeFi capital rotation into the Near ecosystem, siphoning the total value locked from other alternative layer-one protocols,” Kole said in a Substack post. “This will lead to a comparison of Near to Terra (LUNA) as the narrative for attractive stablecoin yields proliferates.” Source link
Ether’s options market has seen increased activity in higher strike call options in the wake of Hayes’ bullish forecast. According to Patrick Chu, director of institutional sales and trading at over-the-counter tech platform Paradigm, about 7,000 contracts of the $10,000 ether December expiry call options changed hands over the weekend. Source link
The 200-day moving average defines the immediate resistance seen at $48,300. Early this week, the bulls failed to force a breakout above that widely tracked technical line. Since then, the price has pulled back to $45,000, perhaps tracking weakness in equity markets. The S&P 500, Wall Street’s benchmark index, fell 1.5% on Thursday. Source link
Developers have decided to use Ethereum’s native cryptocurrency ether as a land pricing token. Source link
“The foundation had a trading hiatus after Monday’s big purchase. It is back today [snapped up 2,943 BTC],” Arcane Research’s Vetle Lunde told CoinDesk in a Twitter chat. “Last week, LFG sent $125 million worth of USDT across all weekdays and $160 million on Saturday to Jump Trading, who executed the BTC trades quickly thereafter.” USDT is the symbol for tether, the world’s largest stablecoin by market value. Source link
Bitcoin’s two-month triangular consolidation has ended with a convincing move on the higher side. Source link
Outsized gains in most alternative cryptocurrencies usually accompany a rally in the ether-bitcoin ratio. “The fundamentals for ETH are aligned for a move upwards, however a rally in ETH would also likely lead to an alt-wide rally across the board,” Matthew Dibb, COO and co-founder of Stack Funds, told CoinDesk in a WhatsApp chat. Source link
The 90-day correlation between the top cryptocurrency and the S&P 500 has risen to the highest level since October 2020. Source link
Bitcoin topped $43,000, hitting the highest since March 3, while ether, the native token powering Ethereum’s blockchain, rose over 4% to $3,050. The total crypto market capitalization increased by 3.7% to $1.9 trillion, according to data provided by the charting platform TradingView. Source link
“After the merge comes sharding, through which scaling is facilitated,” Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital, said. “Will it signal that Ethereum’s status as the dominant web3 blockchain is truly deserved and sustainable? The gas fee will not be instantly resolved, in my opinion, as interest could surge and hence gas fee too, but it will be exciting to watch first move advantage and ability to attract developers, there would be less reason for crypto projects to opt for any of Ethereum’s rivals.” Source link
“What possibly may attract tradfi [traditional market investors] at the moment, I’d presume, is liquidity provision and market making, or even the low volatility,” Lunde said in a Twitter chat. “Decentralized option vaults (DOV) have contributed to lowering the implied volatilities (IV) in the options market, and contrarian volatility bets might become a more common strategy, offsetting the DOV pressure on the IV.” Source link
Bitcoin’s post-Fed bounce stalls, the shape of the Treasury yield curve may keep risk appetite under check. Source link
“Lo que posiblemente puede atraer a los tradfi [inversores del mercado tradicional] en este momento, presumo, es la provisión de liquidez y la creación de mercado, o incluso la baja volatilidad”, dijo Lunde, en un chat de Twitter. “Los depósitos de opciones descentralizadas (DOV, por sus siglas en inglés) han contribuido a reducir las volatilidades implícitas (IV) en el mercado de opciones, y las apuestas contrarias a la volatilidad podrían convertirse en una estrategia más común, compensando la presión de los DOV sobre las IV”. Source link
A total of 31,130 bitcoin left Coinbase last week, the highest single-week outflow since 2017. Source link
“Our assumption is that the updraft in commodity prices will diminish into mid-year, and base effects will finally allow an emerging downtrend in the year-over-year inflation metrics,” Englund told CoinDesk in an email. “This should diminish pressure on the Fed to address inflation, and should allow for quarter-point hikes at just every other meeting, leaving five hikes for 2022 overall (in March, May, June, September and December).” Source link
Bitcoin (BTC) rallied early on Wednesday, pushing the broader crypto market higher after U.S. Treasury Secretary Janet Yellen’s inadvertently published remarks revealed that President Joe Biden’s impending crypto order would take a constructive approach in regulating the digital asset industry. Source link
A single trader or several traders bought more than 36,000 contracts of Deribit-listed ether put option expiring on March 18, of which more than 20,000 were blocked on institution-focused over-the-counter tech platform Paradigm, according to Swiss-based data tracking firm Laevitas. The put option buyers would make money if ether drops below $2,200 by March 18. That’s a roughly 13% decline from the current market price of $2,514. Source link
Los principales impulsores del rendimiento de los mercados cripto se volvieron “más enmarañados” en febrero, ya que la escalada de las tensiones geopolíticas ha creado más incertidumbre sobre el posible camino de normalización que tomará la Reserva Federal de los Estados Unidos (FED, por sus siglas en inglés), dijo David Duong, jefe de Investigación Institucional de Coinbase. Source link
According to macroeconomic theory, an uptick in wages can push up inflation. As wages rise, employers pass on the increase in labor cost to the final consumer, resulting in an uptick in the general price level in the economy. Workers demand higher wages in response, setting a vicious cycle of wage-push inflation in motion. Source link
“Bitcoin ha superado la resistencia definida por la nube diaria, y es probable que confirme su ruptura al cierre de hoy”, dijo Katie Stockton, fundadora y socia gerente de Fairlead Strategies, en un correo enviado a CoinDesk el miércoles. Aunque bitcoin cotizó ligeramente débil el miércoles, logró imprimir un cierre por encima de la nube, lo que confirmó un cambio de tendencia alcista. Source link
“Bitcoin has cleared resistance defined by the daily cloud, and it is likely to confirm its breakout upon today’s close,” Katie Stockton, founder and managing partner of Fairlead Strategies, told CoinDesk in an email on Wednesday. While bitcoin traded slightly weak on Wednesday, it managed to print a UTC close above the cloud, confirming a bullish trend change. Source link
Ruble-denominated crypto trading volumes rise as the West’s punitive sanctions on Russia trigger a flight away from Russia’s fiat currency. Source link
Some observers said Fed’s tightening cycle is likely to be much shallower than expected. Source link
Bitcoin, the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity’s AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this year. Source link
That said, overall, the environment for risk assets, including bitcoin, is gloomy, according to Pankaj Balani, CEO of Delta Exchange. “The cryptocurrency could continue to trade sideways until bottom fishing emerges,” Balani told CoinDesk in a WhatsApp call. “That looks unlikely as long as macro factors remain bearish.” Source link
JOE, the native token of Avalanche-based decentralized exchange (DEX) Trader Joe, is leading a rally in DEX coins after the protocol announced modular staking – a system gives token owners three independent ways of staking their holding. Messari data show the JOE token has advanced 58% in the past seven days, outperforming DEX giants like UNI, CAKE and CRV by a significant margin. The cryptocurrency was changing hands near $1.4 at press time, representing a 2% drop on a 24-hour basis. “The token has been drawing demand probably due to its modular staking and the new primitive they are launching,” Lucas […]
“The correction is driven by macro factors, specifically expected rate increases and liquidity tightening from the U.S. Fed. The 60d correlation between BTC and the S&P 500 was virtually 0 at the end of 2017 – now, it is over 65%,” Noelle Acheson, head of market insights Genesis Global Trading, said in a LinkedIn post titled “Did You Say Crypto Winter.” Source link
Outflows do not necessarily imply passive investing and investors often tokenize coins drained from centralized exchanges on the Ethereum blockchain to earn extra yield. The number of wrapped bitcoin (WBTC) has increased by 13,000 this year, extending the year-long rising trend. WBTC is the first ERC20 token backed 1:1 with bitcoin and represents the top cryptocurrency on the Ethereum network. Source link
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG. Source link
El Salvador’s CDS has tripled, though as shown in the chart, it’s a very illiquid, hence the very spikey price action, ADMISI’s Ostwald said in an email. “As for other emerging markets, the picture is heavily divergent, depends on region, but the overall JPM EM Bond avg spread has drifted wider, mostly on the back of rising U.S. rate expectations.” Source link
At press time, ADA was trading near $1.36, a 10.6% fall in the last 24-hour. Scaling solution Polygon’s MATIC token fell 6% even as the network implemented Ethereum’s fee-burning mechanism, which will destroy MATIC tokens making its supply deflationary. Solana’s token SOL, binance token BNB, and ether each fell over 2%, while bitcoin traded 1% lower near $41,200, according to CoinDesk data. Source link
Cryptocurrency exchange Binance implemented its first-ever binance token (BNB) auto-burn program last quarter, removing over 1.6 million BNB tokens worth $750 million from circulation. Under the new program, the number of tokens to be burned is arrived at using a formula based on the total number of blocks produced on the Binance Smart Chain, a programmable blockchain powering smart contracts and running parallel to Binance Chain, and BNB’s average dollar-denominated price during the quarter. The move away from the previous token burn methodology, which was based on revenue generated from the Binance centralized exchange, is expected to make the process more […]
Si bien el mercado de opciones de bitcoin ha dejado de ser bajista recientemente, algunos analistas siguen sin estar convencidos de la solidez de su tendencia alcista a causa de la débil demanda institucional y la susceptibilidad de la criptomoneda a factores macroeconómicos. Laurent Kssis, experto en fondos cotizados en bolsa (ETF, por sus siglas en inglés) de criptomonedas y director de CEC Capital, dijo que hay pocas señales de interés renovado por parte de los inversores institucionales, de manera que parece improbable un gran rebote del precio en breve. “Un buen barómetro es siempre el activo bajo gestión y las […]
While the bitcoin options market has recently shed its bearish bias, some analysts remain unconvinced about the strength of the move owing to weak institutional demand and the cryptocurrency’s sensitivity to macro factors. “There is no sign of an institutional pullback, which is the key for a rally,” said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital. “A good barometer is always the asset under management and inflows into crypto exchange-traded products and ETFs. So far we have recovered only $1 billion of inflows versus $4 billion that has left these products alone in January.” The […]
There is an old saying on Wall Street: Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria. LUNA, the native token of the smart contract blockchain Terra, has nearly doubled to record highs above $90 in December, extending a four-month winning trend and decoupling from the weak trend in other top coins. Such stellar rallies often translate into euphoria – a situation characterized by risky directional bets and excess bullish leverage and usually observed at market tops. However, LUNA’s market shows no such signs, with derivatives data signaling investor caution. “People appear to be […]
“Google searches for ‘Non-Fungible Token’ are highest in China, followed by Singapore, Venezuela, Hong Kong and the Philippines,” FRNT Financial said. “Over the past 12 months, the two most popular related search topics are ‘apes,’ due to the Bored Ape Yacht Club Collection, and MetaMask.” Source link
Institution-focused over-the-counter desk Paradigm saw 18,500 contracts of the $4,400 call option and 14,000 contracts of the $4,200 call option change hands during Asian hours. These trades due for expiry on Dec. 31 were executed on Paradigm and booked on Deribit, the leading exchange for cryptocurrency options by volume and open interest. Source link
Bitcoin and ether were again trading lower in Asian hours, continuing the year-long trend of losing ground mainly when America is asleep. The decline comes as traditional markets turn a blind eye to China’s interest rate cut and remain risk-averse. At press time, bitcoin, the top cryptocurrency by market value, was trading near $46,600, representing a 0.5% drop on the day. Ether was changing hands near $3,850, down nearly 2% on the day. Data provided by options trader Fredrick Collins shows that bitcoin and ether have consistently faced selling pressure during the Asian hours this year. Most of year-to-date gains made […]
“To successfully front-run, you need to be able to predict the short-term price moves of the underlying [asset] with relative confidence; the volatility of bitcoin and the crypto asset-class makes that a particularly difficult task, fraught with risk,” Sui Chung, CEO of CF Benchmarks, said in a Telegram chat. “What makes crypto products unique, therefore, is that the volatility of the underlying essentially makes front running unviable.” Source link
While male investors dominated the action in the volatile meme tokens, women investors mostly traded bitcoin, the report said. However, the number of new female users increased 1,009%, outshining the 829% increase in male signups, a sign of demographic shift, also represented by crypto’s growing popularity in the young generation. Source link
Physically-delivered contracts like oil or pork belly futures see backwardation when there is an incentive to own physical material at the earliest, let’s say, to keep the production process going. That pushes the spot price higher than the futures price. Source link
The S&P 500 and the Nasdaq Composite rose 3.8% and 3.6% last week, their biggest weekly ascents since early February, even as a report showed U.S. inflation climbed to a four-decade high in November, sealing the deal for a faster unwinding of the crisis-era stimulus by the Federal Reserve (Fed). The Dow snapped a four-week losing trend with a 4% rally and bitcoin ended a three-week losing trend, adding 1.2%. Source link
“Like any financial asset, crypto will suffer from broad market moves. But in particular, crypto (proxied by bitcoin) this year seems to do better during periods when tech is outperforming,” Solot said in an email. “We can see this using a ratio of Nasdaq/S&P 500. This correlation may be driven by some overlap of the investor base, or simply because both assets tend to be higher beta.” Beta is a measure of the extent to which an asset moves in line with the broader market. Source link
“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a handful of local exchanges offering lira-BTC trades for comment, but has not received a response. Source link
“Bitcoin’s drop definitely adds some pressure, as does thin year-end markets (credit, equity and commodities),” Ostwald said. Steve Hanke, a professor at Johns Hopkins University in Baltimore, voiced similar opinion on Twitter, while drawing attention to widening El Salvador-U.S. yield spreads. Source link
The bitcoin market currently sits in one of the largest realized value clusters. Over 2.208 million BTC have last moved on-chain between $55,000 and $60,000,” Glassnode tweeted. “The next large cluster between $60,000 and $63,000 may act as resistance, whilst support can be found at $50,000 and again at $42,000.” Source link
Bitcoin needs to chart a 77% rally in the next four weeks to reach the widely forecast year-end value of $100,000. While analysts are bullish on the cryptocurrency, they don’t foresee a rally to six figures in the short term. “The latest Commitment of Traders report shows net-long positioning on the Chicago Mercantile Exchange, with an increased commitment by asset managers,” said Laurent Kssis, a crypto exchange-traded fund (ETF) expert and director of CEC Capital. The report was released on Friday. “Having said that, it won’t be enough to commit to the $100,000 rally this month as everyone is/was predicting.” Kssis […]
The average trade size on Curve Finance ranges from $500,000 to $1 million, while deals on other prominent DEXs like Uniswap V3, Uniswap V2, SushiSwap, and Balancer V1 average between $10,000 – $20,000. That’s nearly ten times larger than the average trade size of $2,000 – $4,000 seen on centralized exchanges (CEXs). Source link
There is consensus in the market that policymakers would provide unlimited support to asset prices if the situation worsens, leading to lockdowns. However, that would push governments and central banks in a tough spot. With inflation already running hotter than expected globally, lockdowns and more stimulus could lead to stagflation, a period characterized by low growth and elevated price pressures. While bitcoin is widely perceived as a store of value asset, it remains vulnerable to weakness in growth-sensitive assets like stocks. Source link
“Bitcoin se está agrupando en gran medida con otros activos de riesgo en este momento”, dijo Matthew Dibb, director de operaciones y cofundador de Stack Funds. “Tras el desplome de equities el viernes, hemos visto algunas compras en las principales monedas, pero es demasiado pronto para decir si continuarán”. Source link
OMIC Holders can stake their coins in return for more tokens. “The main benefit for stakers comes from supply growth. The protocol mints new OMIC tokens from the treasury, the majority of which are distributed to the stakers,” an official explainer says. “Thus, the gain for stakers will come from their auto-compounding balances, though price exposure remains an important consideration.” Source link
Having kicked off the unwinding of the crisis-era stimulus this month, the U.S. Federal Reserve (Fed) may accelerate the pace of the taper next year, according to a Bloomberg report citing a client note from Goldman Sachs. The central bank will double the pace of scaling back its liquidity-boosting asset purchases to $30 billion per month from the current $15 billion, Goldman economists said, predicting three rate hikes in 2022 and two in 2023. The new projections mean the asset purchase program would end in March. The investment banking giant expects the first rate hike from near zero in June of […]
While bitcoin is trading 2% lower on the day near $57,800 at press time, the S&P 500 futures are nursing a 1.3% loss. The MSCI Asia-Pacific index has slipped 1.8%, and the commodities complex is bleeding, with oil down over 2% on both sides of the Atlantic. Meanwhile, anti-risk assets like the Japanese yen and U.S. Treasuries are gaining ground. Source link
Bitcoin put options, derivatives offering downside protection, continue to become pricier, implying bearish sentiment. The price volatility may rise as major exchanges, including Deribit, are due to settle monthly options on Friday. The three-month put-call skew, which measures the cost of puts relative to calls, has turned positive, hit a 6-week high of 3%, according to data provided by the crypto derivatives research firm Skew. The positive number shows that put options are drawing higher prices or demand than calls or bullish bets. At the start of the month, the three-month gauge stood at -5%, indicating a bullish bias. The one-week […]
The bullish move in SAND, the native cryptocurrency of the blockchain-based virtual world The Sandbox, gathered steam after a tweet by the German sporting goods manufacturing giant seemed to confirm a relationship between the two companies. The token has rallied 25% in the past 24 hours, hitting record highs above 47 and taking the weekly gain to 70%, according to CoinDesk data. Adidas, which recently ventured into metaverse with the launch of POAP, or proof of attendance protocol, on its adidas CONFIRMED app, tweeted Tuesday about developing a so-called “adiVerse” in partnership with The Sandbox. The sporting goods company appears to […]
Tether (USDT), the world’s largest stablecoin by market value, has turned volatile on Indian exchanges amid renewed regulatory uncertainty. And savvy traders are profiting from the price instability. The cryptocurrency launched to help mitigate volatility associated with other digital assets should always be worth $1 or rupees (₹) 74.37, as per the current dollar-rupee or USD/INR exchange rate. However, on Tuesday, USDT crashed on prominent local platforms, hitting as low as ₹60 on the Mumbai-based WazirX exchange while maintaining the 1:1 peg with the dollar on western exchanges. The move happened after the Lok Sabha (lower house of the Parliament) bulletin […]
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH), as leading centralized derivative exchanges like the Chicago Mercantile Exchange and Deribit remain fixated on the two market leaders. Singapore-based QCP Capital, an early investor in the dominant centralized crypto options exchange Deribit and one of the top volume leaders on the platform, is now trading more than $1 billion worth of crypto options on DeFi platforms per month, according to the firm’s chief investment officer, Darius Sit. QCP, which runs a book in excess of $2 billion across exchanges, over-the-counter platforms […]
Mumbai-based crypto asset management company, MintingM, said that the cryptocurrency is still in a clear uptrend, making higher highs and higher lows on the daily time frame. As seen in the chart below, the upward or bullish channel, representing higher highs and higher lows, can be identified by trendlines connecting the lows of July 20 and Sept. 29, and the highs of June 30 and Sept. 7. Source link
Recent speculative excesses in meme token shiba inu (SHIB), which raised concerns about the broader market health, appear to be cooling, Coinbase’s volume breakdown for the week ended Nov. 19 shows. SHIB accounted for 6.72% of the total turnover on the Nasdaq-listed crypto exchange, slipping to third position behind bitcoin and ether, Coinbase Institutional’s weekly email dated Nov. 19 shows. The self-proclaimed dogecoin killer topped Coinbase’s volume rankings in the preceding two weeks, contributing 16.6% to total activity in the seven days to Nov. 11 and 25% in the seven days to Nov. 5. “In terms of the volume breakdown, BTC […]
Former U.S. Secretary of State and Democrat presidential candidate Hillary Clinton slammed cryptocurrencies on Friday, calling on nation-states to keep a tab on their rise. “One more area that I hope nation-states start paying greater attention to is the rise of cryptocurrency because what looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies, for undermining the role of the dollar as the reserve currency, for destabilizing nations, perhaps starting with small ones but going much larger,” Clinton said during a panel discussion at the […]
La ex secretaria de Estado de los Estados Unidos y candidata presidencial demócrata, Hillary Clinton, arremetió el viernes contra las criptomonedas e hizo un llamamiento a los estados para que vigilen su crecimiento. “Un área más a la que espero que los Estados nación empiecen a prestar más atención es el aumento de las criptomonedas, porque lo que parece un esfuerzo muy interesante y un tanto exótico para literalmente minar nuevas monedas con el fin de comerciar con ellas tiene el potencial de socavar las divisas, de socavar el papel del dólar como moneda de reserva, de desestabilizar las naciones, tal […]
Data tracked by Glassnode shows no signs of panic selling by long-term investors. Supply owned by long-term holders has declined by just 26,461 bitcoin since Nov. 10., representing a meager 0.19% of their balance, according to Glassnode data. Bitcoin’s liquid supply has decreased by 145,000 BTC over the past 30 days. Source link
“Aside from activity in the $5,000 and $6,500 calls, we also saw interest in calls at $7,000, $10,000, and $12,000 strikes,” Chu added. Ether’s options market has consistently seen bullish flows over the past month, barring Monday’s large trade in the put options or bearish bets at $3,000 and $4,000 strikes. Source link
“I think somewhere it was said that at least by the first quarter of next year, a pilot could be launched. We are bullish on that,” said P. Vasudevan, chief general manager at the Department of Payment & Settlement of the RBI, said at the State Bank of India’s Banking and Economic Conclave on Wednesday. Source link
It may be a sign that bitcoin is yet to find a bottom. “Just look at the previous spikes in the buy the dip calls and you’ll notice that they’ve often come early (like back in April and May, respectively) and tend to be accompanied by another leg down before the crowd is finally proven right,” Santiment said in its market update on Wednesday. Source link
Bitcoin fell below $60,000 during mid-European hours, before press time, extending early weakness. Analysts said a pullback was expected and has normalized the elevated funding rates or costs associated with holding long positions in the perpetual futures market. Source link
Bitcoin was trading 4.3% lower on the day near $60,800, while ether was nursing a 5.3% loss at $4,320 at press time, according to CoinDesk data. Litecoin, binance coin, Polkadot’s DOT token, and prominent decentralized finance coins flashed bigger losses. Source link
India may seek to align itself with other countries/entities to regulate crypto, the sources told ANI, which said, “Since the issue cuts across individual countries’ borders, it was felt that it will also require global partnerships and collective strategies.” Source link
“This is a case of intrigue, whitewash, concealment, and deception smack of a deep-rooted conspiracy. It is India’s biggest-ever ‘Bitcoin Scam Cover Up’ under the Karnataka BJP government,” Surjewala said in a press conference. “Instead of conducting a fair investigation, the BJP Government of Karnataka appears to be preoccupied with a cover-up.” Source link
The uptick in the lead-up to the airdrop snapshot and the subsequent sell-off is related to the “buy the rumor, sell the fact” trade often observed in stock markets and recently seen in bitcoin. The concept is based on the belief that market participants, being forward-looking, tend to buy an asset when expecting positive developments and take profit, driving the market lower on confirmation of the news. Source link
While ether, the native token of Ethereum’s blockchain, remains on an upward trajectory, metrics like active addresses, trading volumes have decoupled from the rising price. According to blockchain analytics firm Santiment, these negative divergences indicate scope for a price pullback. Source link
Perceived store-of-value assets like bitcoin and gold are rising as investors reassess the stickiness of inflation in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI). The price of bitcoin (BTC) has increased by nearly $3,000, hitting a new record high of $68,950, since the Labor Department’s CPI report was released at 13:30 UTC (8:30 a.m. ET). “It is eye-opening to see the price react so spectacularly in this way,” Simon Peters, crypto asset analyst at the trading platform eToro, said in an email. The report showed that the cost of living in the U.S. rose […]
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. However, institutions and large investors seem to be handing the baton over to retail investors ahead of the U.S. consumer price index data that could influence the Fed rate hike expectations. While the coin stash of small bitcoin addresses continues to rise, the combined balance of addresses holding 100 – 10,000 BTC has dropped by 60,000 BTC ($4 billion) in the past seven days, diverging from bitcoin’s continued price rally, data tracked by blockchain analytics firm Santiment shows. […]
While bitcoin appears to be pulling the broader market higher right now, ether may take the lead in the coming weeks. Ether-bitcoin’s (ETH/BTC) weekly chart shows a bull pennant – a technical pattern marked by converging trendlines, indicating an impending continuation of the ether-bitcoin ratio’s upward move from 0.023 to 0.08 seen early this year. A move above the upper trendline would confirm a breakout or shift in market leadership toward ether. “It does look like a bull pennant,” Daniel Kukan, senior cryptocurrency trader at Swiss-based Crypto Finance AG, told CoinDesk in a Telegram chat. “I believe ether can take the […]
The number of addresses that acquired the cryptocurrency within 20% of the all-time high price climbed six-fold to a record 116,560 in the eight days to Nov. 2, amounting to 12% of the total count of non-zero addresses, according to data provided by blockchain analytics firm IntoTheBlock. Source link
Bitcoin whales or large investors with ample capital supply appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets. Large investors, holding at least 1,000 BTC, snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC – the highest in 2021, blockchain analytics firm Chainalysis’ market intel report published on Tuesday said. The renewed buying amid rising inflation expectations across the globe suggests investment is the primary use case for bitcoin. “Its a confirmation of the view that bitcoin is seen as digital gold, […]
Ether (ETH) registró un nuevo máximo histórico el viernes, ya que los datos de la blockchain mostraron que Ethereum quemó más tokens de los que emitió en las últimas 24 horas, en parte gracias a la fuerte actividad de shiba inu (SHIB). El token nativo de la blockchain de Ethereum subió a $4402 durante las horas asiáticas, superando el anterior récord de $4.379 alcanzado en mayo, según los datos de CoinDesk. A un precio de $4.370, la criptomoneda ha subido 45% en lo que va de octubre, frente a la ganancia de 40% de bitcoin. El diferencial de volatilidad implícita de […]
At the going price of $4,370, the cryptocurrency is up 45% on a month-to-date basis versus bitcoin’s 40% gain. The ether-bitcoin implied volatility spread is rising in a sign that the market expects ether to continue leading the price action in the coming weeks, as Thursday’s First Mover newsletter mentioned. Source link
Bitcoin looks to regain poise during overnight trade having avoided a short-term bullish-to-bearish trend change with the help of a crucial support level. The top cryptocurrency is trading near $61,400 at press time, representing a 1.4% gain on the day. While prices fell by 4.3% on Tuesday, sellers failed to break the support level near $59,800 and confirm a head-and-shoulders (H&S) breakdown on the 4-hour chart. Chart analysts consider H&S breakdown as a bearish signal. The pattern often yields an extended sell-off to the downside. A potential H&S breakdown on the 4-hour chart would expose support near $54,000. Resistance is seen […]
The Commodity Futures Trading Commission’s (CFTC) Commitments of Traders report released on Friday showed leveraged funds held a net short position of 31,000 contracts in the seven days to Oct. 19, marking an increase of 6,000 from the previous week. Source link
Shiba Inu (SHIB), the self-proclaimed dogecoin killer, tapped lifetime highs on Sunday as bitcoin appeared on track to snap its three-week winning streak. The Shiba Inu coin traded at $0.0000455 at 11:20 UTC, topping the previous record price of $0.0000388 reached on May 10, according to data source Messari. Prices for the meme token have risen by nearly 50% in the past 24 hours, extending the month-to-date gain to almost 500%. SHIB’s latest leg higher from $0.0000270 comes amid rumors that online brokerage platform Robinhood may soon list the cryptocurrency. Prices surged over 200% in the month’s first week on the […]
The Mayer Multiple, which measures the spread between bitcoin’s price and the 200-day moving average (MA), also shows the bull market is still far from peaking. While the metric has risen to a five-month high of 1.39, it is well below the 2.4 threshold, above which previous bull markets peaked. Source link