ETH futures have been on a tear in open interest, hitting an all-time high of $7.1 billion on March 21. This boost comes despite the annualized premium for ETH monthly futures having fallen to below 4%. This is a remarkable drop from 5% only two weeks ago. The move indicates...
On March 25, IMX, the token associated with crypto gaming platform Immutable, jumped more than 15%. It got as high as almost $0.74 at the peak of this spectacular run. All this growth came just a week or two after Immutable’s announcement that the SEC had finished its inquiry and...
Ether is on track to have its worst Q1 since 2018. This bearish move has sent XEN to its lowest ETH/BTC ratio since May 2020. The overall cryptocurrency market was in a downtrend since the beginning of the year. Even with this bear market, many cryptocurrency observers are bullish on...
Bitcoin now stands at a historic crossroads. This price is right around the cost basis for short-term whales and hyperactive addresses. When looking at Bitcoin’s position locally/historically, there are high odds at a major rally. Stay tuned for more thrilling news in the next few months! Notable levels like this...
Bitcoin made an intraday high of $88,752 on March 24 only to find itself unable to make a clear higher high since that date. Per IntoTheBlock’s latest analysis, this could be the result of Bitcoin whales opening up short positions at the $88,000 price mark, blocking any more upward momentum....
Additionally, fellow Ethereum competitor Cardano (ADA) has been making gains to recover footing above $1. Its success depends on a complex and fluid approach. The Cardano Foundation's stewardship of network governance, coupled with strategic support for use cases aligned with Cardano's core tenets of scalability and decentralization, are critical factors....
The cryptocurrency market is still changing quickly. Altcoins battle one another for attention and dominance, as they always have, even as Bitcoin continues to ooze influence and as new fintech handiworks enter the marketplace. The approval of spot Bitcoin ETFs unleashed a monster wave of inflows. Despite the bullish arrival...
Bitcoin (BTC) kicked off the week on a good note, touching daily high of $88,804 as bullish momentum continued to carry the market higher. The Coinbase premium is returning with a vengeance. Simultaneously, strong net inflows into (spot) Bitcoin ETFs indicate that investor sentiment is booming. This bullish trend has...
Abracadabra.Money, a popular decentralized finance (DeFi) platform, suffered a security breach leading to $13 million in losses. While the GMX community is understandably shaken at the news of the exploit, they should have no fear. It included Magic Internet Money (MIM) pools powered by the use of GM tokens, which...