The cryptocurrency market is notorious for its volatility, and Bitcoin, as the flagship of digital assets, exemplifies this phenomenon, especially in the aftermath of its recent price plunge to approximately $60,000 during the early days of October. Following this decline, which reflected broader market uncertainties, Bitcoin has been on the road to recovery as bulls
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In a significant move that underscores the rapidly evolving landscape of cryptocurrency trading, Binance has announced plans to phase out support for certain underperforming digital assets. Effective immediately, Binance will begin converting specific delisted cryptocurrencies into USDC—one of the most widely used stablecoins—by April 28, 2025. This change impacts both individual investors and the broader
The digital asset investment landscape has recently experienced modest fluctuations, with total outflows amounting to $147 million over the past week. This shift seems to stem from unexpectedly robust economic data that tempered the expectation of aggressive interest rate cuts. While trading volumes for exchange-traded products (ETPs) saw a slight uptick, rising 15% to hit
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
Bitcoin, the flagship cryptocurrency, continues to grapple with a significant hurdle: its inability to reclaim the pivotal 200-day moving average. This technical indicator is crucial for traders as it helps determine long-term price trends. Current market behavior suggests that if Bitcoin fails to ascend beyond this threshold, the cryptocurrency is at risk of descending further
In a rapidly evolving global financial landscape, the voices advocating for the adoption of digital assets and distributed ledger technology (DLT) are becoming increasingly significant. Recently, Piero Cipollone, a crucial member of the European Central Bank’s (ECB) Executive Board, delivered an impassioned plea for Europe to not only embrace these innovations but also integrate them
The cryptocurrency landscape is characterized by significant volatility, and recent trends underscore the ongoing battle between bullish and bearish sentiments. After a brief upswing, the majority of assets have succumbed to corrections, leading many digital currencies to trade in the negative. This ongoing volatility has simultaneously resulted in a notable increase in derivatives liquidations, amounting
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
Metaplanet, listed on the Tokyo Stock Exchange, recently reinforced its bullish outlook on Bitcoin by acquiring an additional 108.786 BTC for 1 billion yen, translating to approximately $6.7 million. This latest purchase brings Metaplanet’s total holdings to a substantial 639.503 BTC, which currently holds an estimated market value of $40.6 million. This strategic move highlights
The world of gaming is undergoing a profound transformation, largely driven by the advent of blockchain technology and its underlying framework, Web3. As we approach the end of 2024, a number of tokens are emerging as vital players within this sector, proving essential for the development of decentralized gaming ecosystems. These tokens serve various purposes,