Markets

Pando Asset AG recently submitted an application to the SEC for a Bitcoin ETF. This move places Pando among many contenders as it is now the 13th company to seek approval. This interest shows the growing appetite for cryptocurrencies, signaling the official start of the altcoin season. As the market awaits the SEC’s decision, investors are also eyeing altcoins like Conflux (CFX) and Fantom (FTM). But, Everlodge (ELDG) is another interesting token that comes with an entirely...

Investment management firm VanEck has unveiled its 2024 predictions, forecasting not only record-breaking highs for Bitcoin but also an anticipated peak in the NFT market, signaling a significant transformation in the industry. The introduction of spot Bitcoin ETFs is expected to align with the prolonged anticipation of a U.S. recession, while the forthcoming halving event may not generate as much impact as previously anticipated. New Peak for Bitcoin But No Flippening for...

Bitcoin experienced a notable price uptick in the past few weeks, surpassing the $40,000 mark and reaching its highest point since April 2022. This upward momentum was fueled by an increasing demand from US investors, evidenced by a positive Coinbase premium. Experts suggest that the next target level for the leading crypto is above $50,000. Bitcoin Targets $50K to $53K According to the latest report from CryptoQuant, network activity indicates a potential price target...

Ethereum, alongside the rest of the crypto market, experienced a notable resurgence in the past several weeks, with its price jumping to a 19-month peak at $2,400. This comes amid growing anticipation regarding the approval of a spot ETH ETF in the States. However, the second-largest blockchain network has not seen its user count increase, which leads to the question of whether ETH’s price will climb further should that change. No New Users for Ethereum As mentioned above,...

Der Binance P2P-Marktplatz ist eine Plattform, die es Nutzern ermöglicht, Kryptowährungen direkt miteinander zu handeln, ohne dabei eine zentrale Börse als Vermittler zu nutzen. P2P steht für „Peer-to-Peer“ und beschreibt das dezentrale Natur dieses Handelsmodells. Mit dieser Funktion hebt sich Binance von all den grossen Bitcoin-Börsen hervor. Hier ein Überblick, wie der Binance P2P-Marktplatz funktioniert: 1. Anmeldung und Verifizierung Um den P2P-Service von Binance nutzen zu können,...

Bitcoin resumed its bull run in the past 24 hours and neared $45,000 for the first time since May 2022 but failed to overcome that level. Nevertheless, numerous altcoins have outperformed BTC, with ADA, DOT, and AVAX standing out as the most prominent examples. BTC Came Close to $45K Last Saturday, precisely a week ago, BTC became its most recent run resulting in nearing $40,000. After failing to overcome that level at first and trading below it on Sunday, Monday started with...

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...

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,...