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Tag Archives: featured1

Ethereum Taps $2K on Shanghai Upgrade: Is the Bull Market Back? 5 Key Considerations (Op-Ed)

Ether prices have kept pace with the crypto market rally this year. ETH posted big gains in January during the relief rally, then again from early March until now. The world’s second most valuable cryptocurrency by market cap traded at a spot price of $1,429 on Mar 10. By April 13th, the day the Shanghai Upgrade took place, Ether was trading for $2,000. That’s a stout 36% increase in a month’s time. Here are some important factors affecting the Ethereum price for the...

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London Stock Exchange Taps Digital Trading Platform to Launch Bitcoin Futures, Options Trading

The number of countries approving different types of bitcoin futures trading continues to increase, with the UK being the latest example. The London Stock Exchange Group has tapped Global Futures Options to start offering the nation’s first regulated trading clearing in bitcoin index futures and options derivatives. Although the exact date of the product launch is unclear yet, both parties’ expectations indicate that the product will see the light of day during the last...

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Bitcoin Jumps $500 as US CPI Clocks in at 5% for March 2023

The initial expectations for the CPI numbers for March showed a decline in the inflation rates to 5.2%. In reality, the third month of the year saw an increase of 5%, shown by the Consumer Price Index. At the same time, the core CPI, which excludes more volatile niches such as food and energy, was expected to be somewhere between 5.5% and 5.6%. The Core CPI has actually matched the expectations, standing at 5.6%. The CPI for February stood at 6%, which was a decline compared...

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Will The Bitcoin Price Rally Continue in Q2? 7 Key Considerations (Opinion)

It’s April, and the Bitcoin price has been hovering around the $28,000 level since Mar 23. That’s a roaring price rally after starting March at the $23,500 handle. Bitcoin started off the new year trading at a measly $17,000. The question for crypto investors and traders now is whether BTC is looking expensive at that price or poised for another leg upward over the next quarter or the remainder of the year. Two Quick Near-Term Price Factors One bullish hint is that the king...

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Volatility Incoming? The Major Things to Watch in Crypto This Week

The cryptocurrency market has stalled for the past several days, but all that is expected to change by the middle of the week. This is because of two notable events about to take place – the announcement of the latest CPI data in the United States and the long-anticipated Shanghai/Shapella update for the Ethereum network. CPI Data on the Horizon For the past year or so, the US CPI data has been strongly impacting bitcoin’s price performance, at least for the short term. The...

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For the First Time: Bitcoin Options Open Interest Higher Than Futures, What Does it Mean?

Bitcoin appears to have hit a ceiling as the price continued to hover below the psychological resistance level of $30,000. This has led some to believe that the rally may soon come to an end since futures OI has been relatively flat throughout the year. But the options market has a different story to tell. Potential Bitcoin Rally? According to the latest chart by Glassnode, the amount of Open Interest in Bitcoin Options contracts has reached $10.3 billion. Its futures...

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Stacks (STX) Soars 7% Daily, Bitcoin (BTC) Reclaims $28K: Market Watch

Bitcoin’s price dip below $28,000 seems to be short-lived as the asset has spiked back above that level and even tapped $28,500 hours ago. The altcoins are also slightly in the green. LDO has recovered some of yesterday’s losses, while STX has soared the most. BTC Returns Above $28K After the massive volatility last Monday, which brought BTC south by over a grand on fake news surrounding Binance’s CEO, the cryptocurrency performed slightly better and calmer in the following...

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Cardano (ADA) Nears $0.4, Bitcoin (BTC) Maintains $28K: Weekend Watch

Bitcoin briefly dipped below $28,000 yesterday but has bounced off and currently sits inches above that line. As it happens quite frequently during the weekends, the trading volumes have declined, and even the more volatile by nature altcoins sit rather silent today. BTC Back Above $28K The start of this week saw some massive price fluctuations. It began with BTC’s price drop to $27,200 on Monday after fake news that Interpol had served Binance CEO CZ with a Red Notice....

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XRP Rally Cools Off, MicroStrategy Buys More BTC, Market Calms Down: This Week’s Crypto Recap

The past seven days saw the broader cryptocurrency market cool down a bit, with some of the previous week’s leaders also taking a breather. Namely, Ripple’s XRP was unable to sustain the major gains it posted seven days ago and is lost around 5% throughout this week. It could just be setting itself up for another leg up, though. Let’s dive in. The total cryptocurrency market cap is down about $15 billion in the past seven days, which is indicative of it cooling down. BTC was...

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Is the Bitcoin Bear Market Really Over? Anthony Scaramucci Thinks So

Anthony Scaramucci – the founder of SkyBridge Capital and former White House official – believes “we’re through” the crypto bear market. He also praised bitcoin’s performance over the years, saying it’s the best long-term investment tool.  Time for a Market Surge? In a recent interview for Yahoo Finance, Scaramucci said the prolonged cryptocurrency winter, which saw numerous scandals, collapses, and market decline, could be already behind us. He went further advising...

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