Bitcoin is printing a bearish pennant setup. BTC’s derivatives market’s open interest slumped significantly last week. Bitcoin welcomed this week with selling momentum following its failure to sustain gains realized last week. A new analysis from CyptoQuant shows the leading cryptocurrency can dip further this week. Ghoddusifar, a pseudonym CryptoQuant analyst, stated that BTC is…
Deribit is a crypto exchange based in the Netherlands. On November 1, the trading platform tweeted about losing $28 million following a hack. However, the company confirmed that the attack didn’t affect its customer assets. Moreover, it has suspended withdrawals until safety guarantees a re-open. Deribit stated that the hack remained isolated to Bitcoin, USDC,…
BTC secured a massive closing beyond the short-term EMAs, printing a bullish bias. BTC’s exchange inflows highlighted downtrends. Bitcoin’s latest rally placed the leading cryptocurrency beyond its 20 Exponential Moving Average and the 50-EMA. That saw the BTC confirming a short-term buying superiority. Remember, the asset has recorded consistent gains since it flipped the longer-term…
Technical indicators flashed volatility around two-year lows. Can BTC crash the support at $19K in the upcoming weeks to have bulls reeling? USDT Dominance measures the crypto market capitalization in Tether. Meanwhile, the metric has soared since mid-August. That signals that market players preferred holding stablecoins over cryptos. Recent weeks saw Bitcoin maintaining the support…
Monday saw BTC gaining 2.96$ to close the session at around $19,632. United States economic indicators offered risky assets much-required support, with hawkish Fed bets easing due to ISM Manufacturing components data. The BTC Fear and Greed Index slumped to 20/100 from 24/100, regardless of Bitcoin’s bullish session. Monday’s session saw Bitcoin gaining 2.97% to…
Michael Saylor revealed that MicroStrategy bought an additional 301 $BTCs worth $6 million. Crypto lending platform Maple Finance introduces a 300M lending pool for BTC mining companies. The surged demand & accessibility to BTC-associated services might enhance its value. The latest BTC news had MicroStrategy buying 301 BTCs, and the cryptocurrency lending site Maple Finance…
Binance plans to auto-convert contending stablecoins USDC, TUSD, USDP, and incoming stablecoin deposits into BUSD. Also, the exchange will remove USDC pairs from September 26. The leading exchange stated that the auto-conversion functionality is for capital efficiency and liquidity. The world’s leading crypto exchange by volume, Binance, revealed plans to auto-convert user USDC and other…
Following the US Fed Chair speech yesterday, the crypto market cap dipped below $1 trillion. After trading in a straight line for a while, Bitcoin finally dropped below the $21,000 mark recording a 6-week low below $20,000. All altcoins are trading in the red zone with ETH below $1,500. AVAX, ADA, and SOL Ave dipped…
Bakkt Holdings and Sullivan Bank have collaborated to provide crypto services to bank users. Accordingly, clients would be allowed to sell, buy, and hold BTC and ETH at the bank. Sullivan Users To Enjoy Seamless Experience Meanwhile, Sullivan Bank, which was formed in 1895, is among the oldest banks in the US. As stated by…
The adoption of the world’s largest cryptocurrency, BTC, has been at progressive highs for the past few months. Ukraine has been one of the latest countries currently adopting and putting cryptocurrency into use. Following the invasion made by Russia in Ukraine, the country has adopted BTC as a payment channel. Cryptocurrencies constituted most war donations,…
A China-based crypto mining company, Canaan, seems unscathed by the crypto ban placed by the Chinese Government last year. Indications from all ends show tremendous growth and performance in the country’s cryptocurrency space. The announcement from the company shocked the crypto enthusiasts. Despite Ban, Canaan Makes 117% Profits, Compared to 2021 The mining company revealed…
Union Bank of Philippine has decided to integrate cryptocurrency offerings with her financial and digital service institution. The Multi-awarded Universal bank has joined its peers in other countries to offer digital currency services. The announcement was made known earlier by the financial institution’s Executive Vice president, Henry Aguda, via a live broadcast. UBP To Launch…
