The options market for Bitcoin is set to see a significant event on Friday, July 26, with around 61,200 contracts expiring, amounting to a notional value of $4.26 billion. This expiry is larger than usual due to it being the end of the month. The put/call ratio for these contracts stands at 0.61, indicating that
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Dalmas Ngetich, a seasoned crypto reporter, has made a significant impact on the crypto industry with his unique perspective and expertise. With a specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, Dalmas stands out in the field. His background in mechanical engineering and over a decade of experience in journalism has equipped him
In a surprising turn of events, a Bitcoin mining device known as Bitaxe, with a modest hashrate of 500 gigahashes per second (Gh/s), managed to successfully mine a block on July 24. This remarkable feat earned the lucky miner a substantial reward of $206,000 in Bitcoin. The device, produced by D-Central Technologies, is surprisingly compact,
The second day of trading for the spot Ethereum ETFs painted a different picture compared to the initial excitement. More than $133 million were withdrawn from the largest financial vehicles, causing a ripple effect in the market. The price of the underlying asset, Ethereum, reacted with a significant drop of 10% in just one day.
Dalmas, a seasoned crypto reporter, has been able to bring a unique perspective to the industry through his specialization in NFTs, blockchain, DeFi, and blockchain news. With a background in mechanical engineering and over a decade of experience in journalism, Dalmas has crafted over 10,000 news and feature articles over the past eight years. His
The recent price action of Ethereum has been consolidating above the 100 and 200-day moving averages, indicating a bullish trend in the market. After breaking above the critical 100-day moving average at $3,354, Ethereum entered a phase of sideways fluctuation, lacking clear direction. This period confirms the breakout and suggests an equilibrium between buyers and
The recent fluctuations in the Coinbase premium have caught the attention of analysts and investors alike, sparking discussions about institutional interest in Bitcoin. This article will delve into the significance of the Coinbase premium, recent trends, and the potential impact on the cryptocurrency market. The Coinbase premium serves as a crucial metric for gauging institutional
The recent announcement made by President Joe Biden regarding his decision to step down from the presidential race had a significant impact on the cryptocurrency market. Following the announcement, the Bitcoin price experienced a sudden crash, wiping off $2,000 in mere minutes and bringing it back down below $66,000. This abrupt decline caused other cryptocurrencies
In a groundbreaking move that has sent shockwaves across the sports and crypto industries, the leading crypto exchange Kraken has recently partnered with one of England’s most iconic football clubs, Tottenham Hotspur. This alliance has not only put Kraken on the map as the official crypto, web3, and sleeve partner for Tottenham Hotspur’s men’s and
The forecast presented by Joe Burnett, a Senior Product Marketing Manager at Unchained Capital, sheds light on a compelling argument for Bitcoin potentially reaching a valuation of $750,000. According to Burnett, the current market may not fully grasp Bitcoin’s true potential in the current cycle, often failing to consider its broader context within the global