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“# Polkadot futures open interest hits $1B as DOT price reaches a new ATH ” On March 24, the price of Polkadot’s DOT token corrected by 23% in a brief six-hour period, resulting in $174 million in liquidations across the futures market. This swift downside move also cut the aggregate open interest by 26%. Now that DOT’s…
“# $2.52B in bearish Bitcoin options signal pro traders are hedging their bets ” Bitcoin (BTC) has been trying to break the $60,000 resistance for the past 23 days. Generally, investors don’t seem too worried about this as they consider it a healthy consolidation period, and even recent analysis from JPMorgan Chase estimates that BTC…
“# New milestone reached as 100 cryptocurrencies reach a $1B market cap ” In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization….
“# Blockchain-based renewable energy marketplaces gain traction in 2021 ” Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to…
“# 38% Ethereum futures premium signals traders anticipate $2,500 ETH ” Now that Ether’s (ETH) price broke the $2,000 level, hitting all-time highs this week, traders became excessively bullish and are expecting more upside in the short-term. Some analysts believe Visa’s initial USD Coin (USDC) stablecoin transaction settlement on the Ethereum network kicked off the most recent…
“# Bubble or a drop in the ocean? Putting Bitcoin’s $1 trillion milestone into perspective ” On Feb. 19, Bitcoin’s (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned investors that the asset is in a bubble. Although a handful of listed companies…
“# Ethereum season? ETH options traders are placing big bets for June ” The price of Ethereum (ETH) is continuing to rally, reaching $2,000 on April 2 on the back of strong technical momentum following a high-profile announcement from Visa. As Cointelegraph previously reported on March 29, Visa will allow its partners to use USDC on…
“# Ethereum breaks out against Bitcoin: Is a strong bull rally in the works? ” Ether’s (ETH) price has broken out for the first time in 23 days in its Bitcoin (BTC) pair. It follows a high-profile announcement from Visa to use USDC, a stablecoin based on the Ethereum blockchain. Although ETH/BTC saw a strong…
“# BitTorrent soars 30% to new all-time high, $5B market cap: What’s behind the rally? ” BitTorrent (BTT), the native token of the popular peer-to-peer file-sharing protocol BitTorrent, has surged nearly 30% in the past 24 hours. The rally took the valuation of BTT to over $5.2 billion, making it the 24th most valuable cryptocurrency…
“# Bitcoin futures premium hits 30% but analyst says ‘This time it’s different’ ” March 30 could become a historical day that will be remembered by Bitcoin (BTC) fans for a long time. Besides marking a 17% recovery from the $50,300 bottom on March 25, PayPal officially confirmed that it will support crypto payments for…