The letter is a reminder, but a highly specific one that is reminiscent of the SEC’s recent custody rule proposal in part. The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks associated with expanding the scope…
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BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000. Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. As a result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated.…
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Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday’s expiry. The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000 BTC bears will…
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The total crypto market cap has been ranging sideways, but Bitcoin derivatives markets indicate pro traders don’t expect any major price corrections. For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are unwilling to place new bets until there’s additional regulatory clarity, especially in…
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BTC options and futures markets show no use of excessive leverage from buyers, a healthy indicator as the $28,000 support gets retested. The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30. $30K becomes crucial for Bitcoin…
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Prices of gold, and other precious metals, fell on Wednesday due to stronger U.S. yields and national currency. The decline comes on the backdrop of expectations of new interest rate increases next month amid persistent inflation in the United States and elsewhere. Gold and Silver Slip as Investors Bet on Another Rate Hike in May…
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Will $30,000 BTC price hold? Bitcoin market structure remains bullish with another 10% gain on the table as sellers refrain from shorting. Bitcoin (BTC) price rallied over 10% between April 9 and April 14, marking the highest daily close in more than ten months. While some analysts may argue the move justifies a degree of…
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Bitcoin’s price might have held near $28,000 but the absence of shorts using margin and futures markers is a bullish indicator. Despite regulatory pressure and worsening macroeconomic conditions, Bitcoin (BTC) demonstrated bullishness holding near $28,000 for the past week. Furthermore, professional traders have maintained leveraged long positions on margin and in futures markets, indicating strength.…
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Crypto’s bullish momentum may stall at the $1.2 trillion total market cap resistance, but traders’ newfound caution has not translated to excessive demand for short positions. Cryptocurrency markets have been trading within an unusually tight 5% range since March 17 as conflicting forces continue to pressure the sector. Consequently, in the past 7 days, the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Malware Disguised as Tor Used to Steal $400,000 in Crypto in 2023, Telegram Premium Can be Purchased with TON, Boerse Stuttgart Digital Licensed by BaFin for Crypto Custody…
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