Month: March 2024

Bitcoin Next Stop $80,000? Crypto Analyst Sees BTC Soaring Ahead Of 2024 Halving

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As the crypto market braces for the upcoming Bitcoin (BTC) halving in April 2024, the discussion surrounding Bitcoin’s price trajectory has continued to gain momentum. Particularly, Michaël van de Poppe, a well-regarded figure in the crypto analysis domain, has shared his latest analysis on Bitcoin. Next Stop $80,000? In a post shared on X, Van de Poppe suggests that Bitcoin is on the cusp of a notable rise, eyeing a target range between $75,000 to $80,000 in the lead-up to the halving event. This prediction is based on the current…

DeFi Protocol Ethena (USDE) Plans to Airdrop Governance Token Next on April 2

Ethena’s USDe token, often referred to as “synthetic dollar,” offers steady yields to investors by using ether (ETH) liquid staking tokens such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep a “rough target” of $1 price. This is also known as a “cash and carry” trade, which harvests derivatives funding rates for a yield. Source

Bitcoin falls below $70k following Coinbase, SEC court ruling

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Bitcoin momentum has dwindled, and trades have returned to under $70,000, likely due to the Coinbase and SEC trials. Bitcoin (BTC) and the crypto market had high hopes earlier this week, but the upward trajectory has now halted and receded. At the time of writing, BTC is currently trading at $68,600. Meme coins, which have somewhat fueled this price rise, have also seemed to have died down, although trading volume on Solana and Base has been hitting all-time highs. Despite the price drop, analysts and notable figures still have high…

Deribit anticipates $15b in crypto options to expire this week

Crypto options exchange Deribit is poised for a record-breaking week with over $15 billion in options set to expire for Bitcoin and Ethereum. The statement highlighted that “over USD 15 billion in options notional open interest (OI) will expire this week,” marking a historic event in Deribit’s operational history. This Friday is poised to witness one of the platform’s largest expirations of options contracts. The expiration includes $9.5 billion in BTC options open interest out of $26.3 billion and $5.7 billion in ETH options open interest out of $13.2 billion,…

Fifth Largest Bitcoin Whale Moves $6 Billion In BTC, Here’s The Destination

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The crypto community’s attention has been drawn to a Bitcoin whale who recently moved a huge portion of their BTC holdings across different wallets. This action has sparked the curiosity of those in the community about the reason for these transactions.  Bitcoin Whale Moves $6 Billion In BTC Blockchain analysis platform Arkham Intelligence first brought this occurrence to the community’s attention when it mentioned in an X (formerly Twitter) post that the Bitcoin address (37XuVSE) had moved over $6 billion in BTC to three new addresses.  As part of the…

What Binance’s Exit From Nigeria Means for P2P Bitcoin

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Bitcoin gives those entrepreneurs the opportunity to show what they can do when markets are free and money is allowed to flow. All they need to grow is a level playing field. They just need a shot, a path towards success, a window of opportunity. Our next step is to make it easier for other entrepreneurs to take their business to the next level. Despite the withdrawal of Binance Nigeria, tons of opportunities remain. The battles we have to fight might be tough, but the opportunities on the fastest growing…