Market analysis

$420M in leveraged long traders liquidated after XRP rallies to $1.96

XRP holders couldn’t have asked for a better year as the cryptocurrency rallied almost 800% and flirted with a $2 level in the early hours of April 14.  In addition to achieving its highest level since January 2018, this robust price increase signals that investors are not worried about the ongoing SEC “unregistered securities offering” …

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New milestone reached as 100 cryptocurrencies reach a $1B market cap

In the last two months, the number of cryptocurrencies with a $1 billion market cap has doubled since the last time Cointelegraph reported on the milestone. As things currently stand, there are 100 projects that have reached a $1 billion market capitalization. Unicorns are typically privately held startup companies valued at more than $1 billion, …

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Blockchain-based renewable energy marketplaces gain traction in 2021

Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.  While environmental concerns and the cost …

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Bubble or a drop in the ocean? Putting Bitcoin’s $1 trillion milestone into perspective

On Feb. 19, Bitcoin’s (BTC) market capitalization surpassed $1 trillion for the first time. While this was an exciting moment for investors, it also concerned investors that the asset is in a bubble. Although a handful of listed companies ever achieved this feat, unlike gold, silver, and Bitcoin, stocks potentially generate earnings, which in turn …

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Pro traders close Ethereum longs even after today’s $1.15B options expiry

Ether (ETH) rebounded from a $1,550 low on March 24, which marked a 17% fall from the $1,870 weekly high. Even though the $1.15 billion options expiry in the early hours of March 26 could have pressured Ether price, the continuing surge in gas fees for Ethereum transactions likely played a part. To better assess …

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3 reasons why Bitcoin traders keep a close eye on the futures funding rate

Futures contracts trading has grown immensely over the past year, and proof of this comes from the total rise in open interest. Open interest is the total number of outstanding contracts, and the figure has risen from $3.9 billion to the current $21.5 billion in six months, a 450% increase. Sometimes traders assume that a …

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Ethereum bulls may reemerge after March $1.15B ETH options expiry

Over the past two months, the open interest on Ether options increased by 50% to reach $3.1 billion as ETH price gained 44% in that time period. Ether’s price appreciation and the rising options open interest resulted in a potentially historic $1.15 billion expiry set for March 26. Ether options aggregate open interest. Source: Cryptorank …

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Ethereum bulls enticed by $1,750 support and lack of ETH liquidations

As Bitcoin price dropped below $55,000 on March 15, Ether (ETH) pulled back to confirm the $1,750 level as support. This signals optimism from professional traders despite the 12% drop that occurred after Ether price peaked at $1,950 on March 13. While Ether may be bullish from the price perspective, recent news surrounding the protocol …

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Bulls favored ahead of record $6.1B Bitcoin options expiry on March 26

Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high. The result of Bitcoin’s price appreciation and the rising options open interest resulted in a potentially historic $6.1 billion expiry set for March 26. BTC options aggregate …

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Bullish uptrend intact as Bitcoin futures open interest hits $22.5B

Bitcoin (BTC) price has rallied 22.5% in March, but as the price moved up, some buyers began to use excessive leverage, according to derivatives data. Meanwhile, futures open interest reached a $22.5 billion record-high, causing investors to question how sustainable the current rally is. Being optimistic, especially during a bullish market, can’t be deemed worrisome. …

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