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“# Flippening? Record $10B Ethereum futures volume briefly outpaces Bitcoin’s ” In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether’s $3,605 all-time high on May 5 was responsible for boosting the asset’s futures open interest to $10 billion….
“# LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin? ” Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session. LTC/BTC 1-week candle chart (Binance). Source:…
“# Bitcoin clips $58K as Dogecoin stalls and adoption news fuels bulls ” Bitcoin (BTC) touched $58,000 on Thursday as the latest phase of its comeback seemed to come at the expense of altcoins. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin claws back lost limelight Data from Cointelegraph Markets Pro and TradingView showed BTC/USD’s…
“# Telcoin (TEL) gains 300% after layer-2 migration to the Polygon network ” The ability to send money to anyone, anywhere, at any time was one of the original motivations behind Bitcoin (BTC) that helped give rise to the expanding cryptocurrency ecosystem that exists today. Blockchain-based global remittance platforms are one sector of crypto projects…
“# Bears aim for sub-$60K Bitcoin price ahead of Friday’s $1.1B options expiry ” Bitcoin (BTC) entirely recovered from its recent drop that saw the price fall to the $53,000 support level. This move back to $57,500 relieved bulls from the negative pressure of the May 7, 3,500 BTC options contract, which represents $200 million…
“# Analysts suggest Dogecoin traders are rotating profits into large-cap altcoins ” Every cryptocurrency bull market has at least one surprise catalyst that comes out of nowhere to excite traders and spark massive trading volume that lifts the total market capitalization to new highs. The 2021 bull market is no exception to this rule, and…
“# WallStreetBets combats market manipulation using blockchain ” WallStreetBets, the Reddit-based grassroots movement that achieved notoriety for short-squeezing hyper-leveraged financial firms, has launched a new blockchain-based application aimed at combating market manipulation in traditional finance. The group announced the creation of WallStreetBets Exchange Traded Portfolios, or ETPs, that can provide investors with broad exposure to…
“# Price analysis 5/5: BTC, ETH, BNB, DOGE, XRP, ADA, DOT, LTC, BCH, UNI ” Dogecoin (DOGE) skyrocketed above $0.69 today and flipped XRP to become the fourth largest cryptocurrency with a market capitalization of over $88 billion at its highest point. Galaxy Digital recently released a report titled “Dogecoin: The Most Honest Sh*tcoin,” and…
“# Bitcoin miners’ revenue rebounds to $60M per day — Is the bull run about to resume? ” Bitcoin (BTC) miners collected $60 million on a thirty-day average timeframe as of May 5, showing the first signs of recovery after last month’s severe revenue drop that followed mass miner outages in China’s energy-rich provinces. In…
“# Bitcoin back above $57K as ‘hundreds’ of US banks prepare to HODL for clients ” Bitcoin (BTC) staged a characteristic comeback on May 5 as a day of losses turned around in a flash. BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price nears $58,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD passing…