The crypto industry has seen a positive shift with the recent market recovery. After a Q1 full of bullish sentiment, Q2 saw many sectors of the crypto space brewing a pessimistic feeling toward altcoins. Related Reading Experts and market watchers have reassured investors that the price corrections were part of the cycle, predicting that the bullish rally would resume after the cool-off. Now, analysts consider that altcoins are about to embark on a “massive leg higher” for the alt season. Ethereum’s Surge Refuels Sentiment The crypto market is up by…
Tag: Call
What Next For Bitcoin (BTC)? Traders Call For $74,000 as ETFs See Continual Inflows
“Bitcoin was pulling back towards $65K on Thursday but is already trying to regain its footing above $66K on Friday morning. If cryptocurrencies get support from the global risk appetite on Friday, Bitcoin could exceed $70K over the weekend,” shared Alex Kuptsikevich, FxPro senior market analyst, in a note to CoinDesk, referring to increased inflows from spot ETFs. Original
Bitcoin (BTC) ‘Call Writing’ Back in Vogue as Cash And Carry Strategy Loses Shine
“One popular strategy among traders is to sell out-of-the-money call options at higher strike prices, like the $80,000 mark set for the end of May. These strikes are beyond the current high range and are less likely to be exercised, allowing traders to collect premiums while reducing their risk exposure,” Wintermute said in a note shared with CoinDesk. Source
Bitcoin Slide Over? Analysts Unanimously Call $56,000 The Bottom
Bitcoin (BTC) has been battered by a relentless bear market over the past month, with its price tumbling 20% from its record highs. However, amidst the carnage, glimmers of hope emerge as prominent analysts predict a potential bottom forming around the current $57,000 mark. Tough Opening Month For Bitcoin The start of May has not been kind to Bitcoin. The once-dominant cryptocurrency has seen a steady decline, plunging back to levels last witnessed in March before its monumental surge to $73,700. This recent price drop represents the most significant decline…
Analysts Call It: XRP Primed For A 700% Surge
Ripple’s XRP token finds itself navigating through turbulent waters. Over the past few months, XRP has experienced significant price fluctuations, leaving investors pondering the trajectory ahead. Despite a modest weekly gain, XRP remains below its 30-day average, signaling a bearish sentiment prevailing in the market. XRP Price Wobbles: Downward Trend Or Temporary Dip? At its current value of approximately $0.52, XRP reflects a market sentiment characterized by uncertainty. However, amidst the downward trend, a chorus of analysts is singing a different tune, foreseeing a potential surge in XRP’s price. #XRP…
UK Parliamentarians Call for Govt to Invest in Developing Crypto, Blockchain Skills Pipeline
“Although the U.K. is well placed to harness the opportunities presented by the growth of the digital economy, considerable preparation and investment in education, training and skills will be needed to make the most of these opportunities and to ensure that the U.K. has the necessary talent pipeline to help it realize its goal of becoming a tech superpower,” Cameron said in a press statement shared with CoinDesk. Source
Hackers Reportedly Steal Bitcoin (BTC) From Call of Duty Game Cheaters
Call of Duty developer Activision Blizzard (ATVI) is reportedly working with the cheat code providers to help the affected players. The current estimated number of compromised accounts includes over 3.6 million Battlenet accounts, 561,000 Activision accounts, and 117,000 Elite PVPers accounts. Original
$100K to $150K — Traders Target Six-Figure Heights With Long-Dated Bitcoin Call Options
Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last […] Original
El Salvador Moves ‘Big Chunk’ of Its BTC to Cold Wallet — President Bukele Says ‘Call It Our First Bitcoin Piggy Bank’
El Salvador has transferred “a big chunk” of its bitcoin holdings to a cold wallet, President Nayib Bukele has announced. “You can call it our first bitcoin piggy bank,” he said. As of writing, the wallet’s balance totals approximately 5,690 bitcoins. El Salvador Establishes Its First ‘Bitcoin Piggy Bank’ El Salvador’s President Nayib Bukele announced […] Original
Crypto Industry Players in Hong Kong Call for Swift Approval of Bitcoin ETFs
Authorities in Hong Kong have been urged to approve spot bitcoin exchange-traded funds in order to cement the region’s position as the financial hub of Asia. Industry participants believe that launching this ahead of the U.S. will enhance Hong Kong’s status in the global cryptocurrency market. Approving Spot Ethereum ETFs Ahead the U.S. Players in […] Original