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Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn

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Bitcoin’s price briefly dipped to an intraday low of $59,860 shortly after 9 a.m. EDT on Oct. 3, 2024. As of 1 p.m., the cryptocurrency is trading above the $60,000 mark, though it continues to face challenges in maintaining this key psychological level. Crypto Market Sell-Off Drives Traders to Stablecoins At 1 p.m. EDT on … Read more

Veteran Trader Peter Brandt Says Gold Is Poised for Massive Chart Breakout

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Peter Brandt, a veteran trader and respected chartist, says gold is poised for a massive chart breakout with targets of $2,800 and then $3,200, based on an inverse head and shoulders pattern indicating a bullish trend. This outlook aligns with recent bullish forecasts from various analysts and economists. Gold Poised for Major Breakout, Says Trader … Read more

Market Analysis Reveals Overbought and Underbought Assets; Coinbase Derivatives Files For Regulated Futures

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According to the MVRV Z-Score, which gauges asset valuations based on average trader returns, certain top cryptocurrencies are categorized as overbought or underbought. The analysis identifies Toncoin, Bitcoin, and Ethereum as overbought, while Uniswap and Shiba Inu are considered underbought. 📊 According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader … Read more

Binance Celebrates Bitcoin Pizza Day With Global Pizza Distribution Campaign

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In 2010, programmer Laszlo Hanyecz made history by trading 10,000 bitcoins for two pizzas, marking the first documented commercial transaction using the cryptocurrency. Fourteen years later, Binance, the world’s largest cryptocurrency exchange, is commemorating this milestone with a global campaign to distribute over 5,000 pizzas to crypto traders and enthusiasts. Crypto Exchange Binance Plans to … Read more

Bitcoin Price Sees Slight Recovery Amidst Whales’ Accumulation And Sell-Offs

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Bitcoin’s price has shown signs of a slight recovery, edging back up to the $64k mark with a 2% gain today, following a retest of the $60k zone. This modest uptick in price comes amidst reports of whale accumulation during the recent dip in the market. According to on-chain data from Lookonchain, two notable whales … Read more

Rising Crypto Prices and Growing Confidence: A Look At Bitcoin’s Open Interest

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As cryptocurrency markets experience a resurgence in prices, traders are showing increased confidence and a willingness to take on more risk. One of the key indicators of this growing market sentiment is the surge in open interest, especially in the case of Bitcoin, which has seen a remarkable $922 million increase in open interest in … Read more

BLUR Token Plummets Over 28% in March, Despite Blur’s Dominance in NFT Sales Market

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While the non-fungible token marketplace Blur has captured a significant amount of the market share in terms of NFT sales, the market’s native token, BLUR, lost more than 28% in value last month. At present, BLUR tokens are down more than 88% since the crypto asset’s all-time high recorded on February 14, 2023. Blur’s Native … Read more

Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

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On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and … Read more