Bitcoin traders flag ‘inflection point’ in key futures market metric as BTC breaks range

Bitcoin (BTC) price has been stuck in a range for weeks now but traders generally expect a slow fourth quarter for the top-ranked digital asset.Bitcoin quarterly returns (%). Source: Skew.comIn 2018 and 2019 Q4 closed net negative, injecting a bit of bearish sentiment into the market. In the near term, a boring Q4 of further…

Bitcoin (BTC) continues to tread water at the April 10 Wall Street open, but crypto market participants are betting on a serious breakout next.After a late surge took BTC/USD to its highest weekly close since June 2022, there is new optimism over an attack on $30,000.Data from Cointelegraph Markets Pro and TradingView shows a cool…

Web3, interoperability, and layer 0 are all terms tossed around when describing Polkadot. But what do they mean, and how will they impact the internet and cryptocurrency market? Cointelegraph Research’s new report explores how Polkadot is tackling distributed ledger scalability and centralization of the web simultaneously. For starters, imagine a world where Facebook is replaced by…

Cryptocurrency custodian BitGo now offers insurance for the assets it holds in excess of its $100 million coverage limit.According to an announcement on March 18, BitGo is the first crypto asset custodian to allow its customers to purchase an excess limit above its standard policy.Over $100 million of insurance coverage on cryptoBitGo first launched an…

Bloomberg senior analyst Eric Balchunas says there is a 75% chance that the SEC will approve a Bitcoin futures ETF this month. 834 Total views 3 Total shares A surge in Bitcoin prices today may be in response to increased speculation that an exchange-traded product could finally be approved in the coming weeks.BTC prices are…

Former Deputy Governor of the RBI sees cryptocurrencies as a taxable asset or commodity. 1253 Total views 53 Total shares The former Deputy Governor of the Reserve Bank of India (RBI) has spoken out about the nation’s financial and crypto ecosystem and stated that digital assets need to be accepted.Speaking at the inaugural HODL ’21…

Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS.Top performing assets over the last…

The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins. 1107 Total views 3 Total shares Major cryptocurrency exchanges continue to carry out measures in the aftermath of FTX collapse, now halting deposits in Solana-based Tether USDT (USDT) and USD Coin (USDC).Binance crypto exchange…