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Bitcoin market signals local bottom as key indicators suggest potential reversal

Quick Take Several key metrics in the Bitcoin market suggest a local bottom, an inflection point indicating a potential reversal from the recent downward trend. Open interest, a metric that tracks the total number of outstanding derivatives contracts, has been reset, indicating that players are repositioning themselves for a potential market shift. дальше »

2023-8-24 13:00


Shift to self-custody? $125M Bitcoin outflow stirs market interest

Quick Take Yesterday, Aug. 21, marked a remarkable shift in the Bitcoin landscape as finance experienced one of its most substantial outflows to date, approximately $125M. This considerable movement of funds away from finance platforms may suggest an increased preference among users for holding their own assets rather than keeping them on exchange platforms. дальше »

2023-8-22 13:00


A Stellar Ascent: Decoding THORChain’s (RUNE) 65% Price Spike; Can InQubeta (QUBE) Join the Rally?

InQubeta (QUBE) has sold over $2.2 million in tokens early in its presale, but it’s not the only top altcoin generating interest with investors. THORChain (RUNE) prices have risen by over 65% in August and some cryptocurrency analysts are expecting InQubeta to enjoy similar growth once it’s launched on exchanges. The structure of the InQubeta […] дальше »

2023-8-23 07:23


Cardano’s NFT Floor Price Surges, An Unexpected Threat To Ethereum’s Throne?

The non-fungible token (NFT) market has primarily been in a downtrend in terms of trading volume since this year began and is presently undergoing a significant transformation. Recent data from Stocktwits NFT, a multichain NFT data source has indicated a surging interest in Cardano, especially concerning its NFT floor price index, which has recently surpassed […] дальше »

2023-8-22 21:00


Bitcoin’s plunge to $26.1k triggers massive reset in crypto market dynamics

Quick Take The recent plummet of Bitcoin to $26. 1k was a massive liquidation event, underlined by significant changes in the cryptocurrency’s perpetual funding rate and open interest. The perpetual funding rate, a mechanism used by exchanges for perpetual futures contracts, which usually sees long positions periodically pay short positions when positive, has shifted into the […] The post Bitcoin’s plunge to $26. дальше »

2023-8-18 10:27


China Makes a Public Announcement on Cryptocurrency Stance, DigiToads Captures Institutional Investors’ Interest

Various holes appeared in the Chinese supposed crypto ban back in 2021. Failures in top crypto exchanges like FTX have poked holes in the decision taken by the Chinese government. The crypto exchanges highlighted a significant number of accounts from China, who still trade and own crypto assets as usual. The staggering number has prompted […] дальше »

2023-8-19 02:15


Will Bitcoin Volatility Continue? These Metrics Say Yes

Bitcoin has observed some sharp price action today, and if data of these metrics is to go by, the asset may not be done being volatile just yet. Bitcoin’s Open Interest And Leverage Ratio Have Remained High As explained by an analyst in a CryptoQuant post, some metrics are forming a pattern that can lead to more volatility in the cryptocurrency’s price. дальше »

2023-8-18 01:00


Only 8% of people are familiar with Web3 – what has happened?

Key Takeaways Google search interest in the metaverse is down 92% from its peak, highlighting the fall from grace for the concept 92% of respondents globally said that they have heard of crypto, but only 8% considered themselves to be very familiar with the concept of Web3 Web3 often has trouble defining exactly what it […] The post Only 8% of people are familiar with Web3 – what has happened? appeared first on CoinJournal. дальше »

2023-8-16 12:31


Toncoin (TON) Throws Weight Around To Lead Weekend Top 20 With 22% Rally

The dynamic and ever-evolving blockchain community has shown a great deal of interest in and enthusiasm for Toncoin (TON). Due to its technological underpinnings and innovative answers to the long-standing problems that have plagued the field of decentralized finance, this digital money has risen to popularity very quickly. дальше »

2023-8-13 18:20