In the recent trading week, Bitcoin (BTC) appeared unstoppable, nearing the monumental milestone of $100,000. However, as swiftly as the digital asset gained traction, it faced a notable decline. Having touched around $99,800, Bitcoin’s price journey took a drastic turn, retreating by more than $4,000 after peaking on Friday. This fluctuation serves as a stark
Risk management
Recent insights from crypto analyst Ash Crypto indicate that Bitcoin has embarked on a significant phase known as the ‘thrill’ phase of its market cycle. This critical juncture is characterized by heightened excitement and anticipation among investors as Bitcoin showcases increased price movements and volatility. In the thrill phase, market participants might feel the urge
In a recent announcement dated November 8, the U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the approval of options trading on Ethereum (ETH) exchange-traded funds (ETFs) at the New York Stock Exchange (NYSE). This move underscores the regulator’s cautious approach towards cryptocurrencies and their derivatives, as it seeks additional time to
In the intricate landscape of cryptocurrencies, Ethereum (ETH) has historically played a significant role, often seen as the second pillar alongside Bitcoin. However, recent months have painted a picture of stagnation for ETH. While Bitcoin celebrated a notable rise of over 20% in the last 90 days, Ethereum lagged with only an 8% increase within
Recent alerts from crypto analyst Ash Crypto have highlighted a significant risk within the Bitcoin trading community, pinpointing a staggering $33.14 billion in short positions that stand vulnerable if Bitcoin’s price escalates to $72,462. This is a pivotal moment for traders, as liquidating these short positions could catalyze a bullish movement for Bitcoin (BTC). The
The recent rise of Bitcoin (BTC) above the $60,000 mark has undoubtedly invigorated investor confidence, but it also raises significant concerns about market psychology. The Fear and Greed Index, which measures the emotional state of cryptocurrency investors, reflects a worrying trend towards greed. As of this week, the index recorded a value of 71, indicating
Stablecoins, a class of cryptocurrencies designed to maintain price stability by being pegged to traditional currencies or assets, have garnered significant interest from regulators and financial institutions alike. As digital currencies continue to infiltrate traditional financial systems, lawmakers are challenged with crafting regulations that provide a clear and supportive framework for these emerging technologies. In
Taiwan is stepping into the forefront of cryptocurrency innovation by initiating a pilot program aimed at institutional crypto custody, spearheaded by the Financial Supervisory Commission (FSC). Set to begin accepting applications in early 2025, this initiative marks a significant advancement in the nation’s approach to digital asset management, signaling a deeper institutional interest in virtual
On October 7th, the cryptocurrency scene was shaken by a sudden, dramatic plunge of Bitget’s native BGB token. Starting at $1.15 and plummeting to as low as $0.5344 within a mere ten minutes, the volatility created ripples of concern among traders and investors. The swift nature of this decline—56% in just five minutes—raised eyebrows and
The landscape of cryptocurrency trading is evolving rapidly, especially with the recent approval of options for spot Bitcoin ETFs. This paradigm shift signals potentially significant changes in Bitcoin price volatility. Jeff Park, head of Alpha Strategies at Bitwise Investments, shares nuanced insights on this topic that are worth dissecting as traders and investors prepare for