Over $2.7 billion in Bitcoin and Ether options are set to expire soon, according to Greeks.live’s market update for May 24, 2024. The financial trading platform, in a recent social media post, claimed that 21,000 Bitcoin options are nearing expiry, with a put/call ratio of 0.88, indicating a slight preference ...
Read moreDetailsIn the last twelve hours, the crypto community has been engaged in a discussion and debate about the United States Securities and Exchange Commission (SEC)'s unique approval process for spot Ether exchange-traded funds (ETFs). This process differed notably from the one for spot Bitcoin ETFs approval in January, which involved ...
Read moreDetailsMarket analysts have expressed concern over Bitcoin's struggles to keep its price above $69,000. Notably, the cryptocurrency reached price levels above $71,000 in the last 24 hours but quickly fell back to $69,000 within a few hours. The $69,000 point has been pegged as an important threshold for which Bitcoin’s ...
Read moreDetailsBitcoin is poised for a potential rally to new all-time highs if it can decisively surpass the crucial $67,500 resistance level, according to a May 20 report by Markus Thielen, head of research at 10x Research. Thielen emphasized, “A breakthrough above $67,500 could potentially lead to new all-time highs, a ...
Read moreDetailsBitcoin blockchain bridge XLink is set to resume operations after a $10 million security breach forced it to shut down. In a recent announcement, the project's team urged users to check that their wallets have revoked access to the old compromised endpoint contracts. They noted that this step would help ...
Read moreDetailsPopular commentator BitQuant has predicted that Bitcoin's price could surge to as high as $95,000 "in just one move." According to BitQuant, Bitcoin's ascent to that price level is inevitable; the only uncertainty is how long it will take to reach those heights. However, despite the positive outlook, BitQuant warns ...
Read moreDetailsThe appointment of Salim Ramji as the new CEO of Vanguard, a major U.S. asset management company, has triggered speculation about potential shifts in the firm's stance towards Bitcoin. Earlier this year, Vanguard's decision not to offer spot Bitcoin ETFs on its brokerage platform drew criticism from some long-time customers. ...
Read moreDetailsMultiple market analysts and stakeholders have suggested that Bitcoin might now be entering a re-accumulation phase after its recent price correction, all of them citing historical patterns. Global Macro Investor founder Raoul Pal highlighted that the "Macro Summer and Fall" is driven by the global liquidity cycle, which has been ...
Read moreDetailsEl Salvador has recently unveiled its proof-of-reserves platform, a website that allows for real-time monitoring of the nation's Bitcoin holdings through on-chain data. The website is hosted at bitcoin.gob.sv, and it offers tools to obtain insights into the country's cryptocurrency reserves. The South American country currently holds about 5,748 BTC, ...
Read moreDetailsMetaplanet, a publicly traded investment firm based in Tokyo, has recently announced a strategic shift in its treasury management strategy, opting for a Bitcoin-first and Bitcoin-only approach. “This move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest ...
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