Markets

The International Monetary Fund (IMF) has recently published some recommendations on how to effectively regulate the cryptocurrency sector around the world. In a recent blog post, the IMF acknowledged that crypto assets are rapidly revolutionizing the entire global financial system. However, policymakers still struggle to monitor the risks associated with the market. Regulators Must Act Fast The financial institution pointed out that the rapid growth of the crypto space has...

Long-term Technical Analysis: The Monthly Based on the monthly timeframe, the market is not showing any strength yet. Let’s examine the market structure using the trend lines and indicators shown in the following chart. If we compare the current cycle (2021) with the previous one (2017), the RSI indicator is still on its uptrend with a lower slope (marked by green – dynamic line). During the 2017 bull run, the failure of this line signaled the end of the bull run (the red...

Binance is one of the most recognizable names in the cryptocurrency industry. After all, it’s the leading exchange and forefront for the entire field – a place where many newcomers begin their cryptocurrency journey. However, what a lot of people don’t know, is that apart from its popular exchange, Binance also runs a whole lot of other initiatives, each one of which aimed at furthering the cause of crypto. One of these different avenues is Binance Labs. Those of you who are...

The cryptocurrency industry is branching out in surprising directions, and one such offshoot that has taken the world by storm surely must be the market for NFTs. Non-fungible tokens (NFTs) started gaining popularity in early February of this year, according to data from Google Trends. Source: Google TrendsIt wasn’t until the second half of the year, though, that they truly started going parabolic, as can be seen clearly in the chart above. There are plenty of popular art...

The world’s largest digital asset exchange – Binance – reportedly plans to work with Indonesia’s richest family – the Hartono brothers – to establish a cryptocurrency venture on the island. The endeavor would enable the company to enter into a developing country with a population of around 273 million, many of whom lack access to financial services. Binance Eyeing Indonesia The leading digital asset trading venue has faced regulatory backlash from many watchdogs in recent...

Billionaire investor and hedge fund manager Mike Novogratz feels that Ethereum, in many ways, is outperforming bitcoin. Mike Novogratz Thinks ETH Is Da Bomb While bitcoin is the world’s number one digital currency by market cap and is trading for more than $50,000 per unit, Ethereum is in a whole new category thanks to the technology it presents. Ethereum is the second largest crypto by market cap and is only trading for about $3,600 at press time. At first glance, it...

Yesterday’s inflation news from the US pushed bitcoin to $50,000 once more, but the asset failed and dropped by several thousand dollars. Most altcoins are also in the red on a daily scale, as ETH slid to $4,000. Bitcoin Rejected at $50K The past several days didn’t go all that well for the primary cryptocurrency. It tried to recover from last week’s massive crash and challenged the $50,000 mark on several occasions but to no avail. Its inability to break above had driven it...

Poker fans in the US are now able to access the global poker market after a 15-year streak from the Department of Justice (DOJ). This happens as Virtue Gaming introduces the first P2E (Play-to-earn) offering in the country. Reviving the Poker Field in the US With Blockchain The Play-To-Earn business model relies on blockchain technology. Some of the most successful titles have amounted to record-breaking valuations of over $2 billion, like the famous Pokemon-inspired,...

Options Market Analysis Bitcoin price is now sub $49,000, about 27% below the ATH ($69k). Options traders set different hedging strategies during the previous weeks to protect against the market downside. Next Friday, December 17th, about $630 million worth of bitcoin options contracts will expire in Deribit. The max pain scenario for this expiry is if the price is at $50K. Calls at 60k strike price have the highest open interest with 1005 contracts. Options traders have sold...

There’s no sugarcoating it, the past seven days have been very tough throughout the entire cryptocurrency market, with a few small exceptions. The total capitalization dropped to $2,375 billion, which represents a loss of about 13%. Let’s start with Bitcoin. The primary cryptocurrency is down 14% on a seven-day scale. It started the week at around $56K, but bears weren’t having it anymore and crashed the price during the early Saturday trading session when BTC dropped to...