Tag: Market

Market Signals Hint At Bitcoin (BTC) Fall To $52,000—Analyst

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Este artículo también está disponible en español. The Bitcoin market is grappling with mixed predictions, fueled by both technical analysis and external factors like geopolitics. Political turmoil has hurt Bitcoin before. When tensions grow, cryptocurrency prices fall, unlike gold, market analysts say. Related Reading Bitcoin shot down to about $59,000 as the Middle East’s crisis worsened, and then recovered somewhat, but continuing volatility is probably in the cards. In spite of this uncertainty, CoinCodex’s latest BTC price prediction offers a huge 40% gain in the price of the crypto asset,…

Injective (INJ) Down 20% As Market Retracement Forces Sell-Off

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

Binance’s Crypto Exchange Market Share Plunges to Its Lowest Level Since September 2020: CCData

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New data from blockchain tracker CCData show that the market share of the world’s largest crypto exchange slid to its lowest level in four years. CCData says that in September, Binance’s share in the derivatives market dropped to 40.7%, its lowest since September 2020. Its overall market share in the combined spot and derivatives markets also fell to 36.6%, the lowest in the last four years. Spot trading volume on the platform likewise dropped by 22.9% to $344 billion, the lowest since November 2023 and representing Binance’s lowest spot market…

Who is Len Sassaman? The man leading Polymarket’s Bitcoin founder market

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As HBO’s documentary promises to reveal Bitcoin’s creator, bettors on Polymarket speculate if Len Sassaman is the real Satoshi Nakamoto. Len Sassaman, a name not widely known outside of cryptography or cryptocurrency circles, has emerged as a key figure in the ongoing speculation around the true identity of Bitcoin’s creator, Satoshi Nakamoto.  With an upcoming HBO documentary teasing a revelation, bettors on Polymarket, a prediction market platform, are heavily wagering that Sassaman could be behind the pseudonym that introduced Bitcoin (BTC) to the world. Polymarket allows users to place bets…

Binance’s Crypto Trading Market Share Drops to 4-Year Low: CCData

Overall, trading activity on crypto exchanges waned last month with derivatives and spot trading volumes both falling 17%, the report noted. September historically marks the end of a weak mid-year season in trading, giving way to a busier last quarter, CCData analysts said. “With catalysts such as increased market liquidity following the Federal Reserve’s interest rate cut and the upcoming U.S. election, trading activity on centralized exchanges is expected to rise in the coming months,” the authors wrote. Source

Crypto market weakness likely short-term

Geopolitical tensions in the Middle East loom over Bitcoin and cryptocurrencies, but not for long, according to analysts. Ballistic missile attacks from Iran against Israel triggered a market selloff on Oct. 1, with Bitcoin (BTC), Ethereum (ETH), major altcoins, and the total cryptocurrency market tanking some 4%. Markets are still reeling from tensions in the Middle East. Bitcoin traded under $60,500, and market observers from QCP Capital predicted lower prices before a bounce. QCP analysts said BTC’s technical analysis suggested short-term bearish price action. Ether also slipped under $2,400, and…

The Key Growth Drivers for Wealth Managers in a Competitive Market

For wealth managers, what does all of this mean? Greater client choice, which translates into enhanced client retention and differentiation from competitors in the market. By offering crypto SMAs, wealth managers can help future-proof their businesses – while providing the safety, security and regulatory certainty that clients have come to expect. Source

The Top 5 Crypto Sectors Driving the Market in October 2024

As October 2024 kicked off, the crypto market has remained steady despite a widespread dip on Tuesday. Since January, there’s been an interesting uptick in specific crypto themes, with artificial intelligence (AI) tokens, bridge cryptocurrencies, and meme coins outshining sectors like exchange tokens and store of value coins. The following editorial explores the top five […] Source BitcoincryptoexchangeExchanges CryptoX Portal

New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode 

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In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […] Original