Bitcoin (BTC)

The evolution of the cryptocurrency world is making crypto assets more popular and mainstream in finance today. This transformation is having a profound impact on how we conduct our transactions. With this growth comes an interesting observation. Per a report, crypto users spend $250 more per transaction than regular customers. This finding highlights the significant disparity in spending habits between these two groups. Its implications are...

While Binance remains the largest venue in the world for Bitcoin futures trading, another more regulated market is now following closely behind. CME Bitcoin Futures now stands as the second-largest Bitcoin futures exchange in the world by open interest, signaling rising intrigue from institutions seeking Bitcoin exposure. The Return of the CME to Bitcoin According to data from Coinglass, there are now over 103,000 BTC in futures open interest (OI) live on the CME, worth $3.54...

TL;DR XRP’s Potential Rise: XRP surpassed $0.56 with predictions of reaching $0.66 soon, while another bullish forecast sees it hitting $220, though this requires a massive market cap increase. Comparison with BTC: Discussions suggest XRP might outpace BTC in 2024, especially if Ripple succeeds against the SEC. ChatGPT’s Insights: AI predicts positive momentum for both XRP (with a Ripple SEC win) and BTC, driven by regulatory developments like a US Bitcoin ETF approval....

BitMEX has made a strategic decision to enhance the utilization of Bitcoin block space and minimize withdrawal fees for its users. In a significant update, effective November 1, 2023, BitMEX will issue new Bitcoin deposit addresses to all its customers. BitMEX Reissues Bitcoin Deposit Addresses BitMEX has recently unveiled a significant update aimed at optimizing the use of Bitcoin block space and reducing withdrawal fees for its users. According to an October 30...

The countries created a policymaking group to further the asset tokenization tests and help with navigating legal and compliance concerns. Government agencies in multiple countries are collaborating on asset tokenization tests with real-world assets. In a Monday announcement from the Monetary Authority of Singapore (MAS), regulators in Japan, Switzerland, Singapore, and the UK are all working on tokenization pilots in foreign exchange, fixed income, and asset management products. The...

TL;DR Bullish BTC Forecast: Josh Olszewicz predicts Bitcoin may reach $38,000 by year’s end, based on a chart placing BTC in a bullish zone between $33,500 and $35,000. Potential Price Retrace: If Bitcoin falls below the current resistance, it could retrace to around $31,000. Key Factors for Bull Run: Major drivers for a potential Bitcoin bull run include the SEC’s potential approval of a BTC ETF, the upcoming halving, increased adoption, and institutional interest. Even AI...

CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21 bull run. Bitcoin Futures Exchange: Open Interest and Rankings With a notional Open Interest (OI) of $3.54 billion, CME has now secured...

In anticipation of this pivotal event, there has been a substantial uptick in trading volume for products launched by ProShares and Grayscale. Activity surrounding Bitcoin investment products, particularly exchange-traded funds (ETFs), has seen a notable increase. This surge is primarily driven by the growing excitement within the market about potential ETF approvals in the United States. Speculation and expert opinions on the potential acceptance of the Grayscale Bitcoin Trust (GBTC) by...

Stellar lumen price is attempting a fresh increase from the $0.1100 zone against the US Dollar. XLM price is now trading above $0.1125 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.1140 on the 4-hour chart (data feed via Kraken). The pair could start a decent increase if there is a clear move above the $0.1165 resistance zone. Stellar lumen price is trading above $0.1150 against the US Dollar, like...