90% of the liquidations took place within an hour or so when BTC dumped well below $77,000. The overall bearish trend that began following the rejection at $82,000 on Thursday evening worsened in the past 12 hours when another leg down drove BTC to a fresh multi-week low of $76,650 (on Bitstamp). The most obvious…
Crypto analysts are divided over whether markets will see a major Bitcoin sell-off in May, a pattern that has emerged in the last two bear markets during US mid-term election years. In May 2018, Bitcoin crashed from nearly $10,000 to about $7,000 by the end of the month. It happened again in May 2022, when…
The main streak that started originally of the month for the spot XRP ETFs continued up to now week, as traders poured in over $60 million in internet inflows for the primary time in a number of months. On the identical time, the underlying asset tried to interrupt out once more, solely to be stopped…
Asset managers Grayscale and VanEck filed amended S-1 registration statements for their respective spot BNB exchange-traded funds on Friday, bringing the cryptocurrency one step closer to becoming an approved US crypto ETF. Grayscale filed its second amendment, while VanEck submitted its fifth on Friday. S-1s are one of the main filings that ETF issuers must…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The CLARITY Act’s landmark committee approval has sent Bitcoin sentiment soaring to its highest point in months. Data from Santiment shows that bullish Bitcoin commentary on social media has climbed to one of its greediest readings of the year, with 1.55 bullish…
Why did the SOL and XRP ETFs see only inflows, while the BTC and ETH counterparts were deep in the red? Bitcoin’s price breakout attempts were halted on a few occasions at $82,000 in the past week, which could be explained to an extent by the developments on the US ETF front. The spot Ethereum…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Recent filings with the SEC suggest the Binance Coin (BNB) may be the next altcoin to get a spot ETF in the US. In particular, asset management firms VanEck and Grayscale have repeatedly amended their S-1 registration forms, reflecting regulatory guidance and…
CoinGecko information revealed that Bitcoin outperformed on US holidays throughout 11 of the previous 14 calendar years analyzed traditionally. A brand new examine by CoinGecko discovered that purchasing Bitcoin on US holidays has traditionally delivered a lot stronger short-term returns in comparison with common buying and selling days. The evaluation examined Bitcoin’s ahead returns throughout…
Bernstein analysts said Friday that Figure Technology Solutions’ first-quarter earnings report shows that the fintech is fast becoming a company that is unique among blockchain marketplaces. Figure’s May 11 earnings report soundly beat Wall Street estimates on both revenue and EBITDA, with a business that seeks to turn real-world credit assets into blockchain-native instruments that…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto may need a major overhaul sooner than most people think. Cardano founder Charles Hoskinson pointed to a specific proposal — Bitcoin Improvement Proposal BIP-361 — as a potential path forward for gradually moving Bitcoin users away from older wallet addresses towards…
