Bitcoin open interest exceeds $40B amid brush near $70K
High open interest signals more leverage, which could induce another flush-out if positions are liquidated.
Related Posts
Turkish City Developing Crypto and Blockchain Solutions for Public Services
Konya, the city of the world-famous poet Rumi, might not come to mind when talking about technology, especially blockchain and cryptocurrencies. As one of the major cultural centers of Turkey, Konya is known for its rich history, gorgeous mosques, and historical sites. But that has not stopped the Anatolian city from setting up its "Science and…
What Top US Politicians and POTUS Election Candidates Think of Bitcoin
In the cryptocurrency and blockchain sphere, it’s difficult to do away with politicians and vice versa. With the presidential election in the United States slated for later this year, interested parties are doing all they can to sell their dreams and vision for America.That said, vying for a political post doesn’t come cheap. In the…
ConsenSys Signs MoU With China’s ‘Smart City’ of Xiongan for Blockchain Consulting
China’s Xiongan New Area government has signed a Memorandum of Understanding (MoU) with ConsenSys to bring blockchain technology to the “smart city,” the South China Morning Post reported July 23. ConsenSys, a blockchain software technology company focusing on Ethereum (ETH) development, has confirmed they will advise the Xiongan government on blockchain and software solutions in…
Top 5 Crypto Performers Overview: Binance Coin, Litecoin, NEXO, EOS, Stellar, Monero
The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.The market data is provided by the HitBTC exchange.The combined market capitalization of all cryptocurrencies has already twice gone…
Price analysis 6/7: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Bitcoin and altcoins have been volatile in the past two days, as the cryptocurrency markets come to terms with the actions of the United States Securities and Exchange Commission (SEC) against two of the biggest crypto exchanges, Binance and Coinbase.After the initial knee-jerk reaction to the news and the subsequent rebound, markets are likely to…
After Yesterday’s Bloodbath, Losses Continue for Major Cryptos, XRP Overtakes Ethereum
Thursday, Nov. 15: yesterday's fall in crypto markets continues today, with Bitcoin (BTC) dipping below the $5,400 mark, and total market capitalization dropping as low as $174 billion, according to data from CoinMarketCap.After an extended period of low price volatility, crypto markets experienced a massive decline yesterday, Nov. 14, with Bitcoin dropping from its average…
Thai Petroleum Company Tests Blockchain Energy Trading Platform
Thai petroleum refining firm Bangchak Corporation Public Co. Limited (BCP) is testing a blockchain-based energy trading platform and commercial microgrid, distributed energy news site Microgrid Knowledge reports on March 7.BCP is testing the new platform at a shopping mall attached to one of its fuel stations in Bangkok. The new system will purportedly combine 280.9…
SEC Requests Telegram Banking Data as New Evidence Emerges
The Securities and Exchange Commission is once again requesting that Telegram provide bank records on its Gram initial coin offering (ICO). The timing of the request, filed on Jan. 10, coincides with new evidence of alleged underwriters requesting commission fees for the sale of Telegram tokens.The reappearance of an earlier requestThe request for banking data comes…