The Bitcoin open interest has surged in recent weeks as the price continues to climb steadily. This increase in open interest reflects a growing interest in the cryptocurrency market, especially after the approval of Spot Bitcoin ETFs for trading by the United States Securities and Exchange Commission (SEC). The open interest for BTC has reached
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The cryptocurrency market is experiencing a surge in interest, with Bitcoin holding steady above $52,000 and record weekly inflows into crypto investment products. While Bitcoin remains a popular choice for investors, attention is shifting towards Ether (ETH), the second largest cryptocurrency by market capitalization. Ether has seen a significant increase in value, up close to
In a recent announcement, cryptocurrency exchange Binance revealed its plans to discontinue trading and subscription services for leveraged token offerings such as Bitcoin, Ethereum, and its BNB Coin, effective Feb. 28. The exchange stated that it would delist these tokens and halt redemption by April 3, affecting tokens like BTCUP, BTCDOWN, ETHUP, ETHDOWN, BNBUP, and
Following a recent surge in the price of Bitcoin, reaching above $50,000 for the first time since 2021, there have been speculations of a potential bearish correction in the near future. A prominent crypto analyst, Ali Martinez, has highlighted the possibility of a one-to-four candlesticks correction based on the Tom Demark Sequential indicator. This prediction
Bitcoin (BTC) has recently reached a milestone by surpassing the $50,000 mark for the first time since December 2021. The cryptocurrency has continued its upward trajectory and is currently trading above $51,900, showing a strong bullish sentiment in the market. The surge in Bitcoin’s price has been attributed to high demand from spot Bitcoin exchange-traded
VeChain, an enterprise-oriented layer-1 solution, has experienced a significant surge in price recently. The price of VeChain (VET) has seen a remarkable increase of 74% over the past six days, reaching a market price of $0.048. This surge in price can be attributed to a key reclamation of the 20-day moving average (DMA) on February
In its latest financial report, cryptocurrency exchange Coinbase disclosed its net income and adjusted EBITDA for the fourth quarter and full year of 2023. For Q4 2023, Coinbase reported a net income of $273 million and an adjusted EBITDA of $305 million. Over the course of the entire year, it recorded a net income of
After examining the current price trends of Cosmos (ATOM), it is evident that the sentiment in the crypto community remains mixed. Analysts have pointed out that ATOM has been trading within a tight range of $8-12 for over 3 months, while other coins in the market have experienced surges. The recent minor downtick has led
A significant milestone has been achieved in Iowa with the approval of House File 2519 by the Judiciary Committee. This digital asset bill is a progressive step towards integrating digital assets and electronic records into commercial transactions. The bill focuses on enhancing legal clarity and security in digital transactions to cater to the evolving digital
The Chief Investment Officer at Build Asset Management, Matt Dines, has recently identified a classical “Cup and Handle” pattern in the Bitcoin (BTC) price chart. This technical formation is viewed as a strong bullish signal by market analysts and traders. The pattern consists of a “Cup” shape followed by a “Handle” formation, and it has
