Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin. Source link
Omkar Godbole
128 posts
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX. Source link
Bitcoin was higher, just above $13,000 and rising for a seventh straight day – the longest winning streak in six months. “A continuation would probably require more positive news,” Matt Blom, head of sales and trading for the publicly traded cryptocurrency firm Diginex, wrote Thursday in a note to clients. In traditional markets, European indexes rose on positive corporate earnings and strong German manufacturing data, and U.S. […]
Analyzing cryptocurrency markets may seem easier than traditional markets because blockchain technology has more built-in transparency, enabling anyone to analyze and audit on-chain data. Simultaneously, however, there are challenges to zeroing in on forward-looking numbers that give insights into current and future price trends. Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, joined CoinDesk earlier this week to discuss the five must-track on-chain indicators for […]
The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week. Source link
Litecoin (LTC) rose more than 10% on on Wednesday, outperforming bitcoin (BCH) to top the list of the best performing major cryptocurrencies after PayPal confirmed it’s entering the cryptocurrency market and included LTC on the list of cryptos its customers will be able to buy, sell and hold. Source link
Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. Source link
While regulators are trying to restrict privacy in crypto, their efforts may be futile, according to privacy-centric protocol Monero’s maintainer, Riccardo “Fluffypony” Spagni. “The U.S. Internal Revenue Service (IRS) wants the same level of insight [into monero] as they have over digital dollars in bank accounts; however, cryptographers and researchers are always going to be one step ahead on privacy,” Spagni told CoinDesk. Launched in April […]
Bitcoin’s transaction activity has cooled amid the recent lull in price action – and that’s hurting miners’ earnings. Source link
Institutions hold record bullish beets in CME Bitcoin futures as the cryptocurrency shows resilience to negative news. Source link
While market sentiment may remain temporarily weak after the OKEx news, a price crash looks unlikely. Source link
The planned bill comes as part of broader legislation aimed at cracking down on tax fraud, a government spokesperson said. Source link
Despite a dip today, bitcoin has crossed into bullish territory with the biggest weekly gain since July Source link
Bitcoin has woken up from its recent slumber. But a bull revival might need a break above $11,200. Source link
Trading volumes for CME bitcoin options surged as traders made bull call spreads, anticipating a rally. Source link
A slowdown in cryptocurrency trading on so-called decentralized exchanges has helped to alleviate congestion on the Ethereum blockchain, at least temporarily mitigating concerns that the network was becoming overloaded. On Uniswap, the biggest decentralized exchange, or DEX, daily trading volumes have crashed to $224 million, versus a record high of $954 million on Sept. 1. “Low volatility in the crypto market as a whole has contributed […]
A growing number of economists and analysts – and even the Wall Street firm Goldman Sachs – have speculated this year that the U.S. dollar might be on the cusp of losing its status as the dominant reserve currency for central banks around the world. That possibility has helped to support this year’s 50% increase in prices for bitcoin, seen by many cryptocurrency investors as a […]
Bitcoin is unlikely to replace the greenback as a global reserve currency any time soon, according to one of the most highly regarded analysts in foreign exchange. “Backing the dollar is the world’s biggest, deepest and the most transparent government bond market,” Marc Chandler, chief market strategist at Bannockburn Global Forex and author of the book “Making Sense of the Dollar,” told CoinDesk in a video […]
Open interest on the Seychelles-based cryptocurrency exchange is down nearly 50% from the $125 million observed Oct. 1. Source link
Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant’s Denis Vinokourov. Source link
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million. Source link
Bitcoin outflows from prominent crypto derivatives exchange BitMEX are already up in the wake of charges from U.S. agencies announced Thursday. Source link
With the U.S. elections just five weeks away, the crypto market’s focus looks to be shifting back to bitcoin from ether. Source link
Bitcoin is often criticized for being over volatile, but it’s been a sea of calm compared with Tesla stock in recent months. Source link
The perpetual contracts will be open for trading 24/7, unlike equity exchanges which are open for business for a limited number of hours, five days a week. Source link
Ether’s recent price drop has failed to deter investors from accumulating the cryptocurrency, on-chain data indicates. Source link
The November U.S. presidential election could be contentious, yet the bitcoin market is pricing little event risk. Analysts, however, warn against reading too much into the complacency suggested by the volatility metrics. Bitcoin’s three-month implied volatility, which captures the Nov. 3 election, fell to a two-month low of 60% (in annualized terms) over the weekend, having peaked at 80% in August, according to data source Skew. […]
Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar. Source link
Bitcoin is dropping alongside stocks as soaring cases of COVID-19 threaten economic activity in Europe. Source link
New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows. Source link
With the Fed’s decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action. Source link
Bitcoin (BTC) has crossed into the bullish territory, but may remain vulnerable to another sell-off in stocks. Source link