In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders Read more…
In brief: Bitcoin (BTC) has had an eventful weekend as it dropped from $6,700 to $6,000. The King of Crypto has tested the $6,000 support zone a few times. This area of support is crucial as a death cross is forming on the daily chart. At the time of writing this, all global citizens are Read more…
Bitcoin adopters seem eager to hold their own coins as withdrawals now outpace deposits on exchanges. This cryptocurrency outflow reflects the growing unease about the state of the global economy, as well as the stability of the crypto space. BITCOIN EXCHANGE BALANCES HAVE BEEN DECLINING FOR WEEKS Analytics firm Glassnode has noted that exchange liquidity Read more…
Bitcoin (BTC) shed as much as 50% of its price within 24 hours, going through massive liquidations in what looks like a capitulation event. Yet BTC still has some characteristics of a safe haven asset. Bitcoin Unreliable Due to Unpredictable Days of Trading Anomalies, Panic Selling BTC is unreliable in the short term due to Read more…
Yesterday’s meltdown of the crypto markets was not entirely negative, Bitcoin, although price dropped substantially, has remained resilient through its first financial crisis. The network has stayed up, and even made a higher low than 2018, and the halving is less than 60 days away. 1. Crypto Markets Weather First Major Global Crisis Even though Read more…
Recent research shows as much as 27% of bonds offer negative yields. The market is now 100x larger than the size of the Bitcoin market. Bond Market 100X Larger than Bitcoin Market Cap Bonds have always been a low-risk, low-yield asset. Now, as stock markets still teeter near highs, bonds are back in fashion. But Read more…
A vast majority of the crypto market has been in a slump for the past 24 hours, but Ethereum stands apart as the lone top 5 coin in the green. Let’s take a look at why the #2 asset may be outperforming the market right now Is the DeFi recovery turning investors bullish? DeFi may Read more…
After breaking above $9,000 and finding support, Bitcoin price is seeking direction again. But the leading asset must cross over the $9,500 resistance to initiate another bull rally, analysts state. Bitcoin Price Bounces Off $8,550, Faces Resistance Above $9,000 Bitcoin price managed to bounce off the recent lows in the $8,500 range. But standing above Read more…
Using Nasdaq as her platform Binance.US founder and CEO Catherine Coley, commented on the state of Bitcoin and cryptocurrency adoption in the US. Misunderstanding Gap Fueled by Media Coley points out that the United States had typically been viewed as a world leader in innovation and entrepreneurship. However, it is greatly lagging behind when it Read more…
Leading cryptocurrency exchange, Binance has partnered with Akbank, one of Turkey’s most forward-thinking banks to provide the first direct bank channel integration for instant fiat deposits and withdrawals, according to a press release shared with Cryptopotato. Starting today, the integration will allow Turkish users on the Binance trading platform to instantly deposit and withdraw the Read more…