Data shows funding rates, or a fee paid by leverage traders to remain in a futures position, is an average of +0.01% on cryptocurrency exchange Binance, which has the highest open interest among counterparts, and a similar fee on Bybit. Rates on OKX are fluctuating between -0.04% and +0.02%. Positive rates imply leverage is skewed on the bullish side. Source
This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman breaks down everything that has been happening between Twitter, Elon Musk and Dogecoin (DOGE). He also covers the Changpeng “CZ” Zhao arrest rumors and Japanese crackdowns on crypto exchanges. Bitcoin price bounces after CZ arrest rumors as traders eye $30K next Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $27,240 on Bitstamp. Its lowest since March 28, the performance followed an outbreak of claims that Binance CEO Changpeng “CZ” Zhao, already under investigation by United…
The latest price moves in bitcoin (BTC) and crypto markets in context for April 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol — a Shiba Inu dog featured in viral memes. Later, Musk tweeted a meme recognizing the change. pic.twitter.com/wmN5WxUhfQ — Elon Musk (@elonmusk) April 3, 2023 Over the years, Musk has historically influenced the Dogecoin market with…
Musk had previously promised to change Twitter’s logo to a Dogecoin-themed image in a conversation with the WallStreetBets chairman. The largest and oldest meme coin Dogecoin (DOGE), had all of its metrics surging on Monday after tech billionaire and Tesla Inс (NASDAQ: TSLA) CEO Elon Musk changed Twitter Inc’s blue bird logo to a dog-themed image. According to the latest market data from Binance-backed Coinmarketcap and Coingecko, the Dogecoin price jumped as much as 25 percent to reach a high of around $0.1026. Dogecoin price during the early Asian market…
CryptoX – Cryptocurrency Analysis and News Portal Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source The post Dogecoin Futures Liquidations Jumps to $26M After Twitter Displays Token’s Logo for Some Users appeared first on CryptoX. CryptoX Portal
Both longs, or bets on, and shorts, or bets against, were nearly equally impacted. Longs saw $10 million in liquidations while shorts took on $13 million. Traders on crypto exchange OKX were the most impacted, taking on $12 million in losses on dogecoin futures positions. Source
DOGE is up more than 25% after Twitter replaced its bird logo with the dogecoin logo. Without any kind of announcement, Twitter replaced its iconic bird logo with the dogecoin logo, causing the token to rise sharply. There is no official information about why Twitter is using the dogecoin (DOGE) logo on the user dashboard. Elon Musk has been a proponent of DOGE, and even said he would eat a happy meal at McDonalds if they would accept DOGE as payment. Another enigmatic move by Musk? Elon Musk, the billionaire…
“Bitcoin needs a bullish catalyst to break above the $30,000 level, but until some significant use case argument is made prices could consolidate around the mid-$20,000s,” Edward Moya, senior market analyst at foreign exchange market maker Oanda, wrote in an email. Source
On Monday, Twitter users noticed that the traditional blue bird logo had been replaced by a cartoon picture of Doge. Meanwhile, the leading meme coin cryptocurrency, Dogecoin, jumped 23% higher against the U.S. dollar after the logo change. Twitter Bird Logo Changes to Doge Twitter has updated its logo, replacing it with a picture of the famous Shiba Inu Doge. It is uncertain how long the Doge logo will last, but it has become a topic of conversation on Twitter since people noticed the change. “Does anyone else see Doge…