Bitcoin open interest exceeds $40B amid brush near $70K

October 21, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

High open interest signals more leverage, which could induce another flush-out if positions are liquidated.

United States-based investment firm Blockchain Capital has led a seed funding round for blockchain compliance startup TRM, a press release from the firm reveals Jan. 31.TRM announced today that it had a closed a funding round totalling $1.7 million. Tapas Capital, Green D Ventures, The MBA Fund, and “strategic angel investors” also participated in the…

Ether price takes on Bitcoin — What’s behind the sharp rise in demand?

Breaking new all-time highs, the recent price action of Ether (ETH) took the crypto market by storm and signaled an official start to alt season. Several analysts are predicting that Ether will surpass its previous all-time high of $2,130 and continue to outperform Bitcoin in the foreseeable future. Price predictions aside, Ethereum is undeniably leading the…

Tokenized RWA markets return to ATH levels as tokens lead crypto recovery

Onchain value for the real-world asset sector has increased 94% since the same time last year, adding nearly $4 billion in three months.

Bitcoin ATMs Worldwide Hit New Milestone, Surpassing 6,000

The number of Bitcoin (BTC) ATMs installed worldwide has now surpassed a new milestone surpassing 6,000.Online resource CoinATMRadar shows that there are currently 6,004 machines installed worldwide, over 65% of which are in the United States. The United States dwarfs other countries in Bitcoin ATMsFurthermore, 108 machines have been deployed this month and data also shows…

Rising Wedge Breakdown Threatens $7K Bitcoin Price Target

On Wednesday Bitcoin (BTC) price surged higher alongside traditional markets which were likely propelled by the Senate’s approval of the $2 trillion economic stimulus bill aimed at providing relief to businesses and workers impacted by the coronavirus pandemic. The price rejected at $6,959, just a stretch away from $7,000 before pulling back to $6,491. Crypto market…

YFI, HXRO and AR post gains even as Bitcoin price dips to $45.5K

Bitcoin (BTC) bulls took another beating on Dec. 17 as a midday onslaught dropped the price to $45,500. The price did manage a quick bounce back to $47,000 but sweeping a new daily low could be a sign that additional downside is in store.Amid the wider market downturn, several altcoins provided weary traders with a…

Bitcoin’s Bullish Battle, Ethereum 2.0, BCH Faces ‘Slow Death’: Hodler’s Digest, Feb. 17–23

Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin grapples with $10,000 — two scenarios for the week aheadBears got…

Bitcoin price nears $25K as analysts place bets on CPI impact

Bitcoin (BTC) eyed key resistance near $25,000 on March 14 as markets awaited key economic data from the United States.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewHopes CPI will bring Bitcoin "consolidation"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making monthly highs of $24,917 on Bitstamp overnight.The pair remained buoyant after the impact of multiple…

DeFi resurgence lifts Maker, Aave and Compound price to new highs

As Ethereum rallied to new highs, the total value locked in multiple DeFi platforms surged above $10 billion, lifting MKR, AAVE and COMP toward new all-time highs. 1308 Total views 12 Total shares Analyzing the activity on lending platforms can sometimes be used as a barometer for measuring the sentiment of the cryptocurrency market as…

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