Exchange listings and NFT boom back Enjin’s (ENJ) 52% rally to a new high

Non-fungible tokens (NFT) are rapidly becoming a focal point of the cryptocurrency market as evidenced by stories of millions of dollars being raised in minutes for one-of-a-kind tokenized art pieces and rare collectibles that traders rush to get their hands on.  One project that has been benefiting greatly from the resurgence of NFTs is Enjin Coin (ENJ), which broke out to a new all-time high of $0.67 on Feb. 25 following its listing on the Crypto.com exchange as well as the launch of spot and perpetual futures trading on FTX.…

Bitcoin Futures Open Interest Hits $19 Billion, Harsh Intraday Swings, Analyst Says ‘Fresh Rally’ Expected – Market Updates Bitcoin News

The start of the week saw digital currency markets drop significantly in value, as billions of dollars were shaved off the entire crypto economy’s capitalization. A weekly report from Luno and Arcane Research shows February 23 captured the third-largest bitcoin daily trade volume in crypto history, as spot market volume saw $18 billion change hands. Moreover, crypto derivatives are surging as bitcoin futures open interest commandeered $19.1 billion on Tuesday. Volatile Bitcoin Price Fluctuations Sees Intraday Swings Close to 20% for Two Days In a Row After bitcoin (BTC) touched…

100x Cryptocurrency Strategy REVEALED! PREPARE NOW For Next Altcoin Boom! Finding The Next Trend!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io A 100x Altcoin Rally Is Coming! PREPARE NOW! I Share My Strategy & What New Trend I Think Is On The Horizon! Like Always DYOR. Let us know in the comment section and hit Like, Share and Subscribe for more daily cryptocurrency news! Sub To Nugget’s News: Altcoin Daily, the best cryptocurrency news media online! Follow us on Twitter: Timestamp: 0:00 – Intro (Watch The Whole Video!!) 1:22 – Something LIKE THIS Will Happen Again! 3:15 – People Made A LOT Of…

$5.64 billion liquidated in 24 hours as Bitcoin extends losses — Is a relief rally near?

The price of Bitcoin (BTC) plummeted by more than 17% in the last 24 hours as the futures market saw mass liquidations across the board. Liquidations occur when leveraged futures positions fall to a certain threshold. For example, a position using 10x leverage would get liquidated or turn worthless if the price of BTC drops by 5%. What triggered the mass Bitcoin liquidation fest? If the Bitcoin futures market is highly overleveraged and overcrowded, a minor price movement can trigger mass liquidations. According to analysts at Santiment, a data analytics…

Speechwriter for Former US President George Bush Says BTC Rally Driven by ‘Historically Low Interest Rates’ – Economics Bitcoin News

A speechwriter for former U.S. President George W. Bush and a bitcoin critic, David Frum has claimed that the low-interest rates are fueling the crypto asset’s rally. Frum suggests that the crypto asset might experience a “fast and deep price crash” if and when interest rates start to rise. Institutional Interest in BTC In comments made via Twitter, Frum, who regurgitates the BTC mining inefficiency claims, also attacks the crypto asset’s store of the value proposition. He states that of “all the pro-bitcoin arguments, surely the worst is the store…

3 reasons why Fantom (FTM) price continues to rally to new all-time highs

Interoperability has emerged as the hot topic in February as platforms like Binance Smart Chain and Polkadot work on building Ethereum network bridges that allow users to escape high transaction costs and network congestion. Fantom (FTM) is the latest project to receive a boost by offering cross-chain functionality with Ethereum, and data from Cointelegraph Markets and TradingView shows a 1,570% increase in FTM price from $0.025 on Jan. 23 to a new high of $0.43 on Feb. 21. FTM/USDT 4-hour chart. Source: TradingView Three fundamental reasons for Fantom’s current rally…

Fuel for a broader Bitcoin rally? BTC dip fills futures gap, liquidating $1 billion

An important  Chicago Mercantile Exchange (CME) Bitcoin (BTC) futures gap closed as BTC/USD suddenly dropped below $54,000 on Feb. 22.  A CME gap forms when the price of Bitcoin moves either up or down after the CME closes during the weekend or holidays in the U.S.  Unlike most cryptocurrency exchanges, since the CME Bitcoin futures exchange is not open at all times, a gap forms between CME and many Bitcoin trading platforms. BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Why is the CME Bitcoin gap significant? The CME gap is…

Bitcoin Drops After Record-Setting Rally; Is Bearish Bias Returning?

Key Bitcoin Takeaways Bitcoin plunged by almost 5.5 percent on Monday after setting up a record high in the previous session. The one-day drop is the largest since February 10, pointing to extended intraday declines as the European session matures. Long-term sentiment remains bullish on growing corporate adoption against the US dollar depreciation. Bitcoin (BTC/USD) sold off heavily throughout the Asian and early European session on Monday after achieving a new record high of $58,367 in the previous session. The flagship cryptocurrency was down by up to 5.5 percent after…

DEX goals diverge as SushiSwap (SUSHI) and Uniswap (UNI) rally to new highs

Uniswap and SushiSwap have emerged as two of the top decentralized exchanges (DEXs) that are leading the current DeFi bull run higher. Despite a controversial start for SushiSwap, the last few months have seen it catching up to Uniswap in terms of activity on the platform, total value locked, and the price of its SUSHI governance token. A recent report from Delphi Digital took a closer look at the two projects and broke down the fundamental differences in the way that each has diverged in their development since SushiSwap’s vampire…

Why Bitcoin Price Rally Could Extend To $60K, Uptrend Seems Intact

Bitcoin price gained bullish momentum above $50K and traded to a new all-time high at $57,500 against the US Dollar. BTC remains supported and it is likely eyeing a test of $60,000. Bitcoin climbed above the $50,000 resistance and traded to a new all-time high near USD 57,500. The price is trading nicely above the $55,000 level and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $54,000 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…