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“# Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND ” Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain…
“#Crypto firms pay massive price tags to name sports arenas” Cryptocurrency companies are being forced to shell out massive premiums in sports sponsorship deals as professional teams weigh the risks of getting burned — like some of them did during the dot-com bubble. Crypto.com, a Singapore-based crypto trading site, reportedly paid $700 million for the…
“# Bitcoin risks lowest weekly close in 2 months but BTC buyers stock up at $53K ” Bitcoin (BTC) hovered around $54,000 on Nov. 28 as the upcoming weekly close showed signs of hitting two-month lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Buyers keen at $53,000 Data from Cointelegraph Markets Pro and TradingView followed a…
“# US Bitcoin ETF favors Australian approval, but Aussies need to go further ” On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin…
“# US Bitcoin ETF favors Australian approval, but Aussies need to go further ” On Oct. 19, 2021, the ProShares Bitcoin Strategy ETF (BITO) launched on the New York Stock Exchange. On its first day, the exchange-traded fund (ETF) saw an influx of close to $1 billion in natural volume and, within 24 hours, Bitcoin…
“# Bitcoin AUM falls 9.5% to record largest monthly pullback since July ” The Bitcoin AUM market fell 9.5% to $48.7 billion in November, marking the year’s largest month-on-month pullback since July, according to a CryptoCompare report. On the other hand, altcoin-based crypto funds such as ETH saw their AUM rise 5.4% to $16.6 billion….
“# Bitcoin sentiment in ‘wild’ divergence from reality as $53K BTC triggers ‘extreme fear’ ” Bitcoin (BTC) has stabilized at around $55,000 after dropping by $6,000 in a single day — but crypto market sentiment is still in shock. According to the Crypto Fear & Greed Index, as of Nov. 27, emotions are now at…
“# OKEx shared insights on trading, regulation, DeFi and more during recent Markets Pro AMA ” Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world’s third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins…
“# Bitcoin drops below $54K, stocks sell-off after new COVID-19 variant emerges ” Crypto exchange Deribit is the absolute leader in the Bitcoin (BTC) options markets, and on Nov. 24, the 25% delta skew indicator signaled that sentiment among pro traders was becoming “more bearish overall.” We’ve seen 25-Delta put skew moved from around 0%…
“# El Salvador celebrates Black Friday, buys 100 BTC for 20% off ” El Salvador President Nayib Bukele bought the dip again, investing more than $5 million into Bitcoin as the price dropped under $54,000 today. In a Friday tweet, the El Salvador president said he had purchased 100 Bitcoin (BTC) following a global market…