[ad_1] As Bitcoin (BTC) recovers from recent lows of around $52,500, open interest in the digital asset is rising much slower than the asset’s price. Bitcoin Relief Rally Could Be Spot-Driven Cryptocurrency trader and investor Daan Crypto made an interesting observation about Bitcoin’s open interest and the asset’s price action. In a post published on X, the crypto trader noted that Bitcoin’s open interest lags behind the asset’s price. According to the post, while the BTC price is up 8.69% from its recent lows, the commensurate open interest is up 5.50%. The difference in the rise of BTC price and…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. Japanese early-stage investment company Metaplanet purchased an additional $2 million worth of Bitcoin today, reaffirming the firm’s trust in the leading digital asset. ‘Japanese MicroStrategy’ Bolsters Its Bitcoin Reserves In an announcement on September 10, 2024, Metaplanet said it had increased its cryptocurrency holdings by 38.464 BTC, bought for approximately 300 million yen ($2 million). The latest purchase brings Metaplanet’s total holdings to 398.832, with a total aggregate cost of 3.75 billion yen ($26 million), averaging slightly above $65,700 per BTC. Related Reading Bitcoin price is up 3.4% in the past 24…
[ad_1] Standard Chartered has officially launched its digital asset custody service in the UAE, according to an announcement from the bank. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC), following a memorandum of understanding signed in May 2023. “The launch of our digital asset custody offering represents a pivotal moment not just for Standard Chartered, but for the financial services industry,” said Bill Winters, Group Chief Executive of Standard Chartered. “We firmly believe that digital assets are not merely a passing trend, but a fundamental shift in the fabric of finance.…
[ad_1] Este artículo también está disponible en español. The crypto market experienced a notable surge yesterday, with Solana (SOL) breaking past the crucial 4-hour resistance at $130. This breakout has caught the attention of investors, who now anticipate a potential price surge in the coming months as market sentiment remains optimistic. Related Reading Many analysts are forecasting further gains, pointing to Solana’s recent performance as a key indicator of its strength. Investors are particularly focused on SOL’s ability to maintain its momentum, with growing demand and increased interest fueling bullish predictions for the altcoin. In addition to market enthusiasm, Coinglass’s…
[ad_1] Scammers stole Apple’s thunder on September 9, 2024, regarding the iPhone 16 launch, by attempting to trick would-be buyers with deepfake videos of its CEO, Tim Cook. Indeed, this shows the spiraling threat of AI-driven fraud as cybercriminals start to make use of high-profile events to dupe unsuspecting victims into cryptocurrency scams. The Deepfake Trap During the “Glowtime” event, where Apple was showcasing its new features for iPhones, a number of live streams with deepfakes of Tim Cook were being shown on various platforms, including YouTube. These seemingly legitimate streams urged listeners to send a cryptocurrency, like Bitcoin, Ethereum,…
[ad_1] Whether it is someone with a passing interest in it, perhaps dabbling in the markets with a small investment or two, or one who has a more major investment or commercial stake, far more people are now taking an interest in the way cryptocurrencies have become a part of the financial landscape than ever before.I am sure there are a few people in the world who still have no knowledge or interest in the concept, but there is also an increasing number of people who are adopting this digital payment method. Even governments are discussing their own, central-bank-controlled, digital…
[ad_1] Este artículo también está disponible en español. Crypto analyst Jesse Olson has highlighted the second consecutive Heikin Ashi signal on the Bitcoin (BTC) weekly chart. This comes despite Bitcoin’s recent rise to as high as $58,000, which suggests that a bullish reversal might be on the horizon. What The Heikin Ashi Signal Means For Bitcoin While highlighting the second consecutive Heikin Ashi on Bitcoin‘s weekly chart, Olson also noted that there was no wick to the upside, which suggests that the downside trend is likely to continue. The crypto analyst had also previously explained how the absence of a…
[ad_1] Bitcoin (BTC) and Ethereum (ETH) prices have dropped around 10% and 25% since August, reaching their lowest levels in the past six months. As a result, crypto investors’ sentiment appeared to be faltering, moving toward a negative outlook on the market. Nonetheless, a recent report revealed that most owners remain bullish about the largest cryptocurrencies despite the recent market shakeouts. Similarly, investors’ ownership remains steady, with the selling of digital assets slowing down in the past six months. Investors Are Bullish On BTC and ETH On Tuesday, global exchange Gemini shared its 2024 Global State of Crypto Report, revealing…
[ad_1] Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he…
[ad_1] On Tuesday, State Street Global Advisors and Galaxy Asset Management announced the launch of three new cryptocurrency-focused exchange-traded funds (ETFs). The move comes as investors have been pulling out of spot Bitcoin funds, reflecting a sense of fear in the market. Actively Managed Crypto ETFs According to Bloomberg, the newly launched exchange-traded funds include the SPDR Galaxy Digital Asset Ecosystem ETF (DECO), the SPDR Galaxy Hedged Digital Asset Ecosystem ETF (HECO), and the SPDR Galaxy Transformative Tech Accelerators ETF (TEKX). Trading for these funds is set to begin on Tuesday, according to a statement from the firms. This partnership…