[ad_1] Data shows the Bitcoin futures-to-spot trading volume ratio has decreased by 63% since the peak of the last bull market. Here’s what it means. Bitcoin Futures Market Occupying Lower Volume Share This Rally As explained by CryptoQuant founder and CEO Ki Young Ju in a new post on X, the BTC market has appeared to be less futures-driven than it was during the previous bull run. The metric of interest here is the “futures-to-spot trading volume ratio,” which, as its name suggests, keeps track of the ratio between the Bitcoin futures and spot trading volumes. The trading volume naturally…
Author: dfrancis36
[ad_1] Amid the ongoing bloodbath in the cryptocurrency market, Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has not been spared. Over the past week, ETH has experienced a significant 9% price decline, bringing it down to the $3,130 level. As market participants closely monitor the situation, the focus now lies on crucial levels that must be held back to prevent a deeper retrace that could lead to substantial losses and heightened liquidation rates not witnessed in months. Make-Or-Break Moment For Ethereum Price Crypto analyst “Inspo Crypto” has drawn attention that Ethereum’s price has retraced to levels last seen at…
[ad_1] As Bitcoin, the flagship cryptocurrency asset continues to garner support from leading figures in the industry, Chris Wood, the Chief strategist at Jefferies in a daring statement that might change people’s perceptions of digital currencies has suggested that the potential collapse of the United States Dollar Paper Standard could significantly benefit BTC holders in the nation. Bitcoin Owners To See Benefits From US Dollar Collapse VanEck’s head of digital asset research, Matthew Sigel, shared the Jefferies strategist’s bold opinions on the X (formerly Twitter) platform on Wednesday in Chris Wood’s words. In the note to investors, Wood contended that…
[ad_1] Bitcoin is fast selling off. At spot rates, the world’s most valuable coin dropped by over 5% on the last day of trading and continues to spiral lower, easily breaking $60,000. The psychological round number has been level to watch out for over the previous few days, especially following gains over the weekend. Bitcoin Is Down: Is It Time To Buy? While Bitcoin is edging lower and sellers are relentless, one analyst thinks this is the right time to stack up. In a post on X, the analyst argues that Bitcoin is on the cusp of the “Spring” phase…
[ad_1] Amidst the market turmoil, on-chain data shows a particular whale has been taking the chance to load up on their portfolio. Notable among the transfers is the withdrawal of 957.77 billion PEPE and 583.78 billion Shiba Inu, among other meme coins. Particularly, this whale made a notable withdrawal of $120 million worth of diverse assets from Binance. An in-depth examination of the transaction data shows a widespread portfolio across 14 layer-1, layer-2, and meme coins. Crypto Whale Goes All In Despite Price Crash Bitcoin’s drop below $59,000 has many investors scrambling to decide what to do next. This decline…
[ad_1] Bitcoin price failed to start a recovery wave above the $61,500 resistance zone. BTC started another decline and might dive toward $55,000. Bitcoin started a fresh decline and traded below the $58,500 zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $58,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $60,000 resistance zone. Bitcoin Price Extends Losses Bitcoin price struggled to start a decent recovery wave above the…
[ad_1] Data shows the cryptocurrency derivatives market has seen a huge amount of liquidations in the past day as Bitcoin has crashed under $58,000. Bitcoin Has Registered A Plunge Of More Than 4% In The Past 24 Hours After a bearish June, investors were hoping this new month of July would bring about a turnaround for the asset, and while the month did start with a bounce, it would appear that things have returned to being in line with the prior tone. Bitcoin has now not only lost the recovery it had made to start the month, but it has…
[ad_1] Cardano Founder Charles Hoskinson responded to Ben Armstrong’s comments about ADA status as a ‘dead coin’. Hoskinson’s reply sparked a conversation about the state of the crypto industry and what’s valued in projects. Related Reading Cardano And Polkadot Labeled ‘Dead Coins’ On Wednesday, crypto influencer Ben Armstrong, known as BitBoy Crypto, shared his thoughts on Cardano (ADA) and Polkadot (DOT). The influencer took X to explain his previous comments, stating that both cryptocurrencies were dead. In a YouTube Video from April, Armstrong said that ADA was “dead for real.” The crypto influencer believed that this time “was different.” To…
[ad_1] In the crypto world, a Chicago federal judge has ordered Sam Ikkurty, an Oregon resident, and his associated companies to pay over $120 million to victims defrauded in what the Commodity Futures Trading Commission (CFTC) has labeled a “classic Ponzi scheme.” The July 2nd ruling by Judge Mary Rowland marks a significant victory for the CFTC and sets a precedent for regulating lesser-known digital assets. Webinars, Promises, And Empty Accounts Ikkurty, through his companies like Rose City Income Fund and Seneca Ventures, allegedly lured investors with promises of a steady 15% annual return on investments in “stable” digital assets…
[ad_1] A closely followed crypto strategist and trader is revealing his price targets for Bitcoin (BTC) and two altcoin projects. In a new strategy session, analyst Jason Pizzino tells his 329,000 YouTube subscribers that based on the average true range (ATR) indicator Bitcoin could soon break through key price target resistance levels. The ATR indicator measures volatility by showing an asset’s trading range over a specified period. “You can see the dying off here of the average true range of the bar. Previous cycles, look what happened. Average true range picks up, dies off, dies off, dies off, and then…