Bitcoin

Bitcoin’s Weekend Surge Forms Another CME Gap As spot Bitcoin pushed higher over the weekend, reaching a high of $87,800 on Monday, another gap emerged between CME futures’ closing price on Friday and the new week’s trading start. This historical pattern suggests a potential price retracement as Bitcoin often fills these CME gaps. Understanding the…

Bitcoin Open Future Bets on Binance Increase, Suggest More Price Volatility The Bitcoin price has surged 2% to $87,800 since midnight UTC, coinciding with a notable rise in future open interest on Binance, signaling a robust market sentiment poised for continued gains. Market Insights This uptick in BTC-USDT futures open interest, climbing by approximately 7,000…

April 2023 Bitcoin Market Insights Show Promising Trends As cryptocurrencies rally, Bitcoin is on the rise again, spurred by easing concerns over potential tariffs and positive signals from the Federal Reserve. Investors are optimistic about upcoming market shifts, especially with Bitcoin looking to solidify its position this month. Understanding the Importance of Bitcoin Market Insights…

Ether Supply on Centralized Exchanges Hits 9-Year Low The number of ether (ETH) held in wallets tied to centralized exchanges has plummeted to an over nine-year low of 8.97 million tokens, according to data from CryptoRank and Santiment. This mass exodus of coins may signal reduced market availability, potentially igniting a price surge. Background and…

XRP and DOGE Surge as Traders Analyze U.S. Economic Reports As Bitcoin nears $87,000, cryptocurrencies like XRP and Dogecoin gained over 4% this week, prompting traders to scrutinize upcoming U.S. economic data that could influence the crypto market’s direction. Background and Context The impact of U.S. economic data on crypto is significantly intertwined with investor…

Metaplanet Expands Bitcoin Holdings with New Acquisition Tokyo-based investment firm Metaplanet has announced the acquisition of an additional 150 bitcoin (BTC), raising its total holdings to 3,350 BTC, worth around $291 million. This strategic move comes shortly after the appointment of Eric Trump to its newly formed advisory board, aimed at enhancing the firm’s market…

Trump Family-Backed World Liberty Invests in MNT Tokens World Liberty Financial, linked to the Trump family, has made headlines by acquiring 3.54 million Mantle (MNT) tokens after the network’s significant hard fork last week, boosting its total crypto holdings to over $340 million. Background and Context The recent Trump family DeFi investment news highlights a…

GCash Announces Major Support for USDC The Philippines’ largest digital wallet, GCash, has officially added support for USDC, bringing approximately 100 million users into Circle’s stablecoin ecosystem. This significant move highlights GCash’s growing influence in digital finance and its commitment to expanding crypto services through its GCrypto platform. Background and Context GCash, the Philippines’ largest…

XRP Price Prediction 2030: Could It Reach $10? XRP is surging in momentum following the U.S. SEC’s dismissal of its lawsuit against Ripple Labs, with analysts projecting a possible climb to $10 by 2030. This optimism is fueled by regulatory clarity, the rise of Ripple’s RLUSD stablecoin, and anticipations of a Ripple Labs IPO. Background…

TRUMP Token Soars 12% After President’s Bold Remarks Donald Trump’s presidential memecoin emerged as the top-performing digital asset today, skyrocketing 12% following Trump’s announcement on Truth Social, where he hailed it as ‘the greatest of them all.’ This surge reflects the ongoing excitement and volatility surrounding the $TRUMP token, which briefly hit $12.25 before stabilizing…