Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Bitcoin (BTC) futures open interest has recovered to levels in May, raising optimism about a potent bullish breakout move above $50,000.The total number of outstanding futures contracts on the Deribit exchange reached $1.37 billion on Aug. 23, its highest level since May 27. Meanwhile, the difference between the Bitcoin spot rate and its futures contract…

A peer-to-peer Bitcoin marketplace that offers more than 300 ways to buy Bitcoin has announced it is being integrated into BitMart, a global digital asset trading platform.Paxful enables its users to purchase Bitcoin using bank transfers, debit cards, online wallets like PayPal and an array of gift cards — including well-known brands such as Amazon,…

Binance CEO Changpeng Zhao wrote that decentralized finance will continue to accelerate, and more people will interact with DeFi products. 1528 Total views 5 Total shares Binance CEO Changpeng Zhao wrote a letter addressing the exchange’s users, reflecting on past crypto winters and laying out key trends shaping up within the industry as the company…

Bitcoin (BTC) price saw a rare spell of stability on July 22 as cryptocurrency markets began the week on a broadly stable note. Market visualization. Source: Coin360Bitcoin price weekly chart settled but overboughtData from Coin360 showed hardly any change for BTC/USD in the past 24 hours, bucking a volatile trend seen throughout recent weeks.At press time,…

Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC bulls fail to sustain assault on multi-week highData from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000.The pair had spent the past 24 hours slowly…

New York-based financial technology firm Tassat — formerly known as  trueDigital — has succeeded in overcoming the first hurdle in its bid to launch a fully-regulated crypto derivatives exchange.According to an announcement from the United States Commodity Futures Trading Commission (CFTC) on Nov. 7, the regulator has approved the transfer of a swap execution facility…

Chicago Mercantile Exchange’s cash-settled Bitcoin (BTC) futures trading products “contribute more to price discovery than its related spot markets,” according to findings in a new report by investment firm Wilshire Phoenix.The increasing volumes of crypto derivative products highlight greater participation from institutional investors and this will likely be positive for the entire crypto space.This is…

Belarusian diplomats are seeking South Korean investors for the country's growing blockchain and fintech industry, Korea JoongAng Daily reported September 6.During a visit to Seoul on Tuesday, the deputy foreign minister of Belarus Andrei Dapkiunas reportedly stated that Belarus endeavors to establish relations with Korean investors interested in “fourth industrial revolution” technologies, including blockchain and…

Major crypto exchange Huobi becomes a member of the Blockchain Turkey Platform to cooperate with local players on blockchain efforts.Five months after officially entering the Turkish market, Huobi joined the Blockchain Turkey Platform as a "Platinum" member, the global crypto exchange announced on Jan. 15, according to a press release shared with Cointelegraph Turkey. Founded…