Bitcoin has recently reached all-time high prices when measured against several inflationary fiat currencies, including the Argentine peso (ARS), Nigerian naira (NGN), Turkish lira (TRY), Laotian kip (LAK), and the Egyptian pound (EGT). This surge in Bitcoin’s value is primarily due to the ongoing devaluation of these currencies, which has been worsened by a 16% […]
As the cryptocurrency market evolves, many traders are opting for a long-term holding strategy, especially with the impending approval of Bitcoin ETFs (exchange-traded funds) on the horizon. A recent survey provided valuable insights into how everyday crypto traders navigate the market. It shed light on their trading habits, motivations, and their broader perspectives. HODLing Ahead […]
Bitcoin and Ether Options Trading Reaches Record Highs of $20 Billion Amid ETF Excitement According to Deribit, options valued at $4.5 billion are scheduled to expire this Friday. The total value of open positions for bitcoin and ether options on Deribit has exceeded $20 billion. The growing interest in options indicates a more sophisticated market. […]
Binance’s CEO and co-founder Changpeng Zhao, commonly known as CZ, has recently experienced a significant decline in his net worth, witnessing a staggering $11.9 billion reduction. This downturn is a consequence of the plunging trading volumes on his exchange, Binance. As per the latest Bloomberg Billionaires Index update, Binance’s revenue estimates were revised down by […]
Mastercard has recently teamed up with the crypto payment platform MoonPay to delve into the realm of Web3 services. This collaboration aims to enhance the experiential marketing approach and establish novel connections with Mastercard’s consumers. The partnership, announced by MoonPay on October 25, will enable Mastercard to leverage MoonPay’s entire Web3 portfolio, which encompasses various […]
Ethereum’s price recently received a boost as it found support near $1,750 against the US dollar. The cryptocurrency is now making another attempt to break above the $1,850 resistance level. Key Points: Ethereum Price Rally Resumes: Ethereum experienced a temporary dip below $1,800 but found strong support at $1,750, where buyers stepped in. This support […]
Previously it was reported that the electric car manufacturing company, Tesla (TSLA), was known to have not carried out Bitcoin transactions for two consecutive quarters. Based on the company’s latest financial report, it shows that Tesla had digital assets worth USD 184 million as of June 30, the same amount as at the end of […]
Shiba Inu, a popular meme coin, might be on the brink of a significant price increase, as suggested by a recent analysis. The TD Sequential indicator, a key technical tool used to predict price trends, has signaled a potential bullish upswing for SHIB. This positive outlook aligns with the recent 19% surge in SHIB’s value […]
Bitcoin has reached a 17-month high, marking levels not seen since May 2022. The surge has taken many by surprise, and it’s attributed to two key factors: the upcoming Bitcoin halving and the anticipation of a Bitcoin exchange-traded fund (ETF) hitting the market. Bitcoin halving is on the horizon, just six months away. The crypto […]
Over $280 billion has been erased from the market value of the “magnificent seven” tech giants due to recent earnings reports released on October 25. This has sparked concerns about a possible downturn in the technology sector. The “magnificent seven” includes Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, collectively constituting a significant portion of […]