As of writing, open interest in perpetuals and standard futures stood at over $21 billion, with bitcoin trading at $49,570 in the spot market. The open interest tally has increased 22% this year, nearing the record $24 billion seen in mid-November 2021 when bitcoin traded above $65,000. Source
XRP price is consolidating below the $0.538 resistance. The price could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels. XRP is struggling to clear the $0.5350 and $0.5380 resistance levels. The price is now trading above $0.520 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.5170 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh rally if it clears the $0.5380 and $0.5500 resistance levels.…
The Zimbabwean government plans to launch what it calls a “structured currency.” Some commentators and social media users have expressed skepticism over the government’s latest currency plans. Zimbabwe’s Structured Currency The Zimbabwean Finance Minister, Mtuli Ncube, has said his government plans to halt the local currency’s freefall by linking it to gold and establishing a […] Source CryptoX Portal
Stacks (STX) has garnered significant attention in the cryptocurrency industry as it emerges as a leading altcoin contender. With an impressive performance surpassing all top 100 tokens, except for Dymension (DYM), Stacks has witnessed a remarkable surge in the past 24 hours, catapulting its value well above the $2 mark and inching closer to its all-time high (ATH) of $2.492. This surge can be attributed to various factors, including its positioning as a Bitcoin layer for smart contracts, the recent surge in Bitcoin’s price, and the token’s adoption and growth rate.…
Token unlocks refer to the release of previously locked or restricted tokens into the market. These tokens become available for trading, buying, and selling after the end of their vesting period – and are typically vested for early investors, treasury, and public sale investors. Source
Ethereum price is consolidating gains above the $2,575 support. ETH could start a major rally if there is a close above the $2,700 resistance. Ethereum is consolidating gains above the $2,575 support zone. The price is trading above $2,620 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $2,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,575 support zone. Ethereum Price Eyes Another Increase Ethereum price gained pace…
“While we saw a small pullback in bitcoin on the back of the news, in general, risk assets seem to be acting as if a March rate cut was still on the table, even though the vast majority of market participants don’t expect this,” Oliver Rust, head of product at independent economic data provider Truflation said in an email interview. Original
A partnership between privacy-focused projects Nym and Zcash was recently announced. The partnership aims to address some persisting issues in the sector to enhance user protection and data privacy in the Zcash ecosystem. Data Leakage, A Challenging Issue Electric Coin Company (ECC), the Zcash development organization, is collaborating with Nym, a privacy blockchain project focused on enhancing data confidentiality. The collaboration is possible through a Zcash Community Grants (ZCG) grant, as the project’s team announced on its X (former Twitter) account. The partnership aims to address challenging user protection issues…
Dive deep into Velas’ role in the crypto sphere with our comprehensive analysis of Velas price predictions for 2024 and its long-term growth potential. In the crypto market dominated by Bitcoin (BTC) and Ethereum (ETH), Velas (VLX) is gaining traction among investors and enthusiasts looking to diversify their portfolios. We looked into Velas price predictions for 2024 and what they suggest for this digital asset’s future. We also examined the long-term price prediction for the Velas coin. Is Velas a good investment? Will the Velas price rise or fall? And…
Microstrategy’s executive chairman, Michael Saylor, has explained why bitcoin has become “the world’s most popular investment asset.” He noted that following the rebalancing after the launch of spot bitcoin exchange-traded funds (ETFs), the crypto has “found its footing and now people are beginning to realize that there’s 10 times as much demand for bitcoin coming […] Original