Tag: Markets

Crypto markets likely to remain choppy in Q3, Coinbase analysts say

Crypto price action is likely to continue on a choppy trajectory for the rest of Q3, 2024, analysts at crypto exchange Coinbase say. Coinbase’ head of institutional research David Duong and David Han, an analyst at the US-based crypto exchange, shared their forecast in the company’s weekly market report. They anticipate greater volatility for cryptocurrencies over the next month or two before a potentiall rally in the fourth quarter. JPMorgan analysts offered a similar bullish analysis, although with a different timeline, noting crypto markets could rebound in August. Q3 started…

Is a Bitcoin Breakout Looming? Options Markets Signal Imminent Volatility Surge

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QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility indicates that traders are preparing for larger price swings over…

Standard Chartered’s Zodia Markets in Talks to Acquire Alan Howard-Backed Crypto Firm

Standard Chartered’s crypto subsidiary, Zodia Markets, is reportedly in advanced talks to acquire Elwood Capital Management, a digital-asset business backed by billionaire hedge fund manager Alan Howard. The acquisition, expected to be completed this month, will provide Zodia Markets with licenses as a virtual asset service provider and investment business in Jersey. This move aligns […] Source CryptoX Portal

Prediction Markets and Polls Both Got the French Election Wrong

“The ‘Liste des nuances’ includes both individual parties and coalitions, which supports the interpretation that the official French election results do not strictly differentiate between the two types of entities,” wrote bettor kipakipa, who had a “no” bet on the National Rally winning the most seats. “This is important for resolving the market because it suggests that official results treat coalitions as significant and comparable entities alongside individual parties.” Source

Crypto Spot ETFs Will Have More Influence on Market’s Price Action: Canaccord

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Crypto Markets To See Selling Pressure in July From Mt. Gox Creditors, JPMorgan (JPM) Says

The bank said by looking at the negative price action in crypto markets since May 29th, it is “fair to assume that some of Gemini creditors, which are mostly retail customers, have taken at least partial profit in recent weeks.” Gemini announced on May 29 that its Gemini Earn users had received all their digital assets back in-kind, following its settlement with Genesis. Source

Zilliqa Partners With Gravity Team to Boost Liquidity in Emerging Markets

PRESS RELEASE. Zilliqa, the high-throughput, low-fee layer 1 blockchain platform, is thrilled to announce its strategic partnership with Gravity Team, a leading algorithmic market maker and liquidity provider in the cryptocurrency space. This collaboration is poised to significantly enhance liquidity within the Zilliqa ecosystem, particularly in global and emerging markets, providing investors with increased access […] Source CryptoX Portal