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“# Analysts point to overleveraged traders after Bitcoin flash crashes to $43K ” Traders were caught flat-footed on Sep. 7 after a sharp collapse in the price of Bitcoin saw the digital asset fall below $43,000 and this led to widespread liquidations in derivative markets as more than $3.54 billion was liquidated. Amount of Liquidations in…
“# SOL price nears $200 after FTX’s Solana-enabled NFT marketplace goes live ” Solana (SOL) bulls have largely ignored its overvaluation risks as the blockchain asset goes after another milestone price level. The SOL/USD exchange rate almost reached $200 on Sept. 7 as investors continued to treat Solana as a long-term competitor to Ethereum, the world’s…
“# LINK price locks in 36% gains following Ethereum layer-2’s Chainlink integration ” Chainlink (LINK) emerged as one of the best cryptocurrency performers on Sep. 6 as it jumped 8.25% against the U.S. dollar. In detail, the LINK/USD exchange rate reached $36.35 for the first time since May 20, months after bottoming out near $13.45,…
“# FTX Token hits new record up 50% so far in September — What’s driving FTT price higher? ” FTX crypto exchange’s native utility token, FTT, reached a new record high on Monday a week after it agreed to acquire LedgerX, a United States-based crypto derivative platform, for an undisclosed sum. On Monday, the FTT/USD…
“# Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts ” What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the…
“# Bitcoin price overcomes $50K, stocks slide after disappointing US jobs report ” The S&P 500 slid to the intraday highs of Sept. 2 while Bitcoin (BTC) climbed to its highest levels in more than three months. The moves came as a key report on Sept. 3 showed that the United States economy added fewer…
“# Solana extends rally with another new high — Why is SOL price up by 70% in one week? ” Solana (SOL) started Friday at a new record high as investors continued to bet positively on its success in the decentralized finance (DeFi) and nonfungible tokens (NFT) sector. The SOL/USD exchange rate reached $146.28 for…
“# Traders identify $51K as the key level for Bitcoin to overcome in the short term ” The crypto market is back in high spirits on Sept. 2 after Bitcoin price briefly tapped the $50,000 level in the early morning trading session. The move above the key resistance level came as industry insiders hinted that…
“# XRP price chart ‘bull flag’ puts the next bullish target at $1.50 ” XRP price edged higher on Sep. 2 as traders assessed Ripple Labs gaining an edge over the United States Securities and Exchange Commission (SEC) in an ongoing courtroom battle. The XRP/USD exchange rate surged by up to 4.74% to reach $1.296…
“# MicroStrategy stock flips bullish with MSTR a Bitcoin ‘proxy’ for institutional investors ” MicroStrategy’s stock (MSTR) is preparing to undergo a massive bull run in the sessions ahead. So shows a technical setup, dubbed inverse head and shoulder, that has a history of predicting upside moves with an accuracy of 83.44%, as per Samurai…