Coinbase Pro is a major bellwether for institutional demand. Now, data from CryptoQuant indicates that short-term selling pressure on Coinbase is mounting. Bitcoin’s (BTC) definitive breakout above $50,000 may have to wait longer to materialize as spot buying pressure on Coinbase Pro shows signs of weakening — at least, in the short term. The Coinbase…
Read more
Crypto exchanges offer USDT and BTC settled perpetual futures contracts but which is best suited for the average trader? When BitMEX launched its Bitcoin (BTC) perpetual futures market in 2016, it created a new paradigm for cryptocurrency traders. Although this was not the first platform to offer BTC-settled inverse swaps, BitMEX brought usability and liquidity…
Read more
GameStop saga catalyzes private finance to ascend rapidly, with on-chain privacy solutions and synthetic asset pools cropping up across the crypto space. Long gone are cryptocurrency’s days as an obscure hub for experimental ventures in cryptography. 2020 marked a seminal year for the space, with cryptocurrencies taking major strides into the mainstream as governments, supranational…
Read more
The DeFi sector is booming but the future of the sector depends on oracles, here are some of the top contenders. To the observant cryptocurrency enthusiast, the sight of multiple large-cap tokens more than tripling their value since November 2020 is a healthy sign that a bull market cycle is underway. Aside from a breakout…
Read more
Big-name partnerships and the release of ThetaSwap DEX are just a few of the factors pushing THETA price to a new all-time high. The sustained bullish performance from Bitcoin (BTC) and Ether (ETH) has increased the confidence of crypto investors and many are now looking deeper into projects that have strong fundamentals and offer real-world…
Read more
The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows…
Read more
Investors are nervous that this week’s CME ETH futures launch will be a repeat of Bitcoin’s 2017 CME launch but data suggests otherwise. Bitcoin’s (BTC) abysmal December 2017 futures launch quickly fell short of investors expectations and even though the CME BTC market has surpassed $2.5 billion in open interest, the initial launch has reinforced…
Read more
Linear’s launch on Binance Smart Chain adds interoperability options to the network and may draw new users looking to escape Ethereum’s high gas fees. This week Linear Finance (LINA) emerged as a viable competitor to Ethereum-based projects in the DeFi sector that find themselves hampered by congestion and high transaction costs. Data from Cointelegraph Markets…
Read more
A key Bitcoin price metric is signaling that top traders are comfortably positioned and expect BTC to secure the $50,000 level in the short term. Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance…
Read more
Several altcoins surged to new all-time highs while Bitcoin price consolidated in preparation for a renewed push to the $49,000 level. On Feb. 12 Bitcoin (BTC) price hit a new all-time high at $48,985 before pulling back to the $46,000 level. A quick glance at the 4-hour chart shows the top-ranked cryptocurrency trading in what…
Read more
