Bitcoin has reached a new milestone, surpassing $107,000 for the first time, following a surge in positive Market sentiment. This excitement has been fueled by discussions of a potential national bitcoin reserve and an expected cut in interest rates. Many on Wall Street are optimistic, with some forecasting that bitcoin could hit $500,000 by 2025. ...
Dogecoin’s price has dropped below $0.40, falling 15% in the last week, even as Bitcoin reached new all-time highs. The trading volume for Dogecoin has significantly declined, hitting a 40-day low of $5.29 billion, a drop of $14.84 billion since December 6. This decline indicates waning interest among traders, as seen in the drop in ...
Recent trading activity in put options linked to BlackRock’s Nasdaq-listed spot bitcoin ETF (IBIT) has raised eyebrows, as over 13,000 contracts of the $30 out-of-the-money put option changed hands. This could suggest bearish sentiment, but experts believe that many Market participants are using a strategy called “cash-secured put selling.” Instead of betting against the ETF, ...
Ripple’s XRP has experienced significant growth, rising 400% over the past month, yet its funding rate remains relatively low compared to past bullish periods. Despite rumors, the launch of Ripple’s RLUSD stablecoin has been delayed for final regulatory approvals. Currently trading around $2.4, XRP faces challenges in reclaiming $2.58, with a recent 11% decline prompting ...
Speculative currency traders are now betting on a stronger US dollar for the first time in two months. This shift occurs just two weeks ahead of the US election, indicating changing market sentiments.
After a week of rising inflation fears and surging bond yields, US presidential politics seemed to heat up. However, risk-asset investors remained largely unfazed. The key takeaway is that despite ongoing economic concerns, markets showed resilience and confidence.
