Record $39.4B Bitcoin open interest suggests imminent price breakout

July 29, 2024
The Last Cryptocurency
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Open interest is often used to gauge the interest and liquidity behind an asset. In Bitcoin’s case, the surge in open interest could signal an imminent breakout.

North Korea is "increasingly" using cryptocurrencies to evade sanctions imposed by the U.S., according to two Washington-based experts cited by news site Asia Times on September 24.Lourdes Miranda and Ross Delston sent a joint response to an Asia Times' inquiry regarding the use of crypto by the government of North Korea (DPRK). Miranda is an…

Pundits say crashing floor prices and sell volume signal that ‘the NFT market has died’

High-profile NFT sales have dominated the headlines, but the deeper analysis shows that most NFTs are worthless and that the market is highly illiquid. 3607 Total views 4 Total shares Nonfungible tokens (NFTs) dominated crypto and mainstream media headlines all throughout 2021 as investors who held CryptoPunks and other projects minted prior to 2018 were…

CoinShares’ Twitter bot gives a ‘fair price’ on NFTs, some disagree

The bot is based on an algorithm that is focused on aggregating different data sets from OpenSea to determine the supposed “fair price” of an NFT. Digital asset manager CoinShares has launched an experimental Twitter bot that will, in theory, enable users to check the estimated fair market value of specific nonfungible tokens (NFTs), though…

Dogecoin leaps 25% after Musk announces DOGE payments for Tesla merch

The bullish news comes months after the billionaire entrepreneur said DOGE was a better token to transact with than Bitcoin. 79 Total views 22 Total shares Dogecoin (DOGE) prices rose substantially Friday as Elon Musk announced that Tesla would start accepting it as payments for merchandise. Tesla merch buyable with Dogecoin— Elon Musk (@elonmusk) January 14, 2022…

HSBC Global Head of Digital Says the Bank Is ‘Cautiously Looking’ at Crypto Investment

Global Head of Digital at HSBC, Josh Bottomley, said that the bank is “cautiously looking” at cryptocurrency use cases, Forbes reported July 19. In an interview with Forbes, Bottomley said that HSBC is “cautiously looking into this area [cryptocurrencies],” when asked about the bank’s approach to the crypto. Bottomley further explained that “there’s a use…

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Stablecoin growth soars as crypto global mass adoption ramps up

Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.

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Bitcoin whales snapped up $4.3B of BTC amid price slump

Bitcoin whales haven’t accumulated this much Bitcoin over a 30-day period since April 2023, shortly after several local banks in the United States collapsed.

BoE governor continues to assert Bitcoin has ‘little intrinsic value’

“It may have extrinsic value in the sense that people want it,” said Bailey. 1116 Total views 10 Total shares Bank of England Governor Andrew Bailey’s position on crypto apparently hasn’t changed despite the economic fallout of the pandemic in the United Kingdom.According to an Oct. 12 report from Reuters, Bailey spoke at a Bank…

Mind the gap: Bitcoin price charts now hint at drop below $10K

The fact that Bitcoin (BTC) price was unable to break through the resistance level at $12,000 meant a retracement was imminent.However, the fast pace of the current retrace was not expected by the markets and has surprised a lot of traders. The crucial support zone of $11,100 failed to provide support and led to the…

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