Crypto news

Bybit and OKX have achieved record highs in their combined Derivatives market share. According to the latest Exchange Review by CCData, Bybit now holds an aggregated market share of 11.94%, while OKX dominates with 20.2%, totaling over 32% in November. This surge in market share comes when industry giant Binance is experiencing a decline in its dominance despite an overall increase in trading volumes. Binance Leads in Derivatives Volume as OKX, Bybit Show Growth November has...

LayerZero Labs has announced in a recent post on X that it plans to launch its own token in the first half of 2024. This announcement was made following months of community speculation and discussion about the potential creation of a LayerZero token. LayerZero Announces ZRO Token Launch With $3M Airdrop “We’ve heard the community discussion over the last few months and the lack of clear communication around this. We’ll state now in no uncertain terms that there will be a...

TL;DR Awaiting US SEC Decision on Spot Bitcoin ETFs: The SEC is expected to decide on several spot Bitcoin ETF applications from major firms like BlackRock and Fidelity, with deadlines in early 2024. BlackRock’s Leading Role: BlackRock, the world’s largest asset manager, is a key contender in the spot BTC ETF race, bolstered by its successful track record with the SEC and partnership with Coinbase. Possible Boost to Bitcoin’s Price: Approval of a spot Bitcoin ETF, especially...

Conversations about launching spot Bitcoin exchange-traded funds (ETFs) in the United States have moved to advanced stages, Reuters reported Thursday, citing unnamed sources. According to the report, the U.S. Securities and Exchange Commission (SEC) has begun to ask potential spot Bitcoin ETF issuers detailed and technical questions about the products, a move the sources said indicated that the regulator might soon approve their pending applications. U.S. Spot Bitcoin ETF...

Five months after Ripple’s resounding legal triumph over U.S. regulators, the company’s cryptocurrency has shed virtually all of its former gains against its digital competitors. The XRP/BTC price ratio has returned to its level from prior to July 13, after which XRP rallied against the market’s leading crypto asset by ~80% within a week. Back To Reality For XRP In mid-July, U.S. district Judge Analisa Torres ruled that XRP sales on the secondary market did not constitute...

The past week was particularly explosive in the crypto markets, the capitalization of which increased by close to $200 billion. Currently standing at $1.7 trillion, the industry shows little signs of slowing down. Starting with Bitcoin, its price exploded by some 14.3% over the past seven days and it’s currently trading around the $44K mark. The bulls have tried to push it above that level but have so far been unsuccessful. It’s worth noting, however, that the bears also...

Bitcoin cash is eyeing a fresh increase above the $252 resistance against the US Dollar. The price is now trading above the $240 zone and the 55 simple moving average (4 hours). There is a key contracting triangle forming with resistance near $250 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $250 and $252 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $240 against the US Dollar,...

Litecoin started a steady increase above $72 against the US Dollar. LTC price is now trading above $73.50 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $74.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $76.20 and $78.00 resistance levels. Litecoin price is showing positive signs above $72 against the US Dollar, like Bitcoin. LTC price...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

The government of El Salvador has teamed up with stablecoin issuer Tether to launch the “Adopting El Salvador Freedom Visa Program,” designed to benefit the economy, the culture, and the people of the nation. This new citizenship-by-investment initiative offers a residency visa and a route to citizenship for 1,000 individuals who are prepared to make a significant $1 million investment in Bitcoin within the country. El Salvador’s Citizenship Program Applicants are required to...