Tag: Trading

Can Ethereum (ETH) Price Reach $2,700 as a $1B Trading Strategy Unfolds

ETH price has outperformed BTC since the Spot ETF approval on Jan. 11, but on-chain data suggest the gap could further widen in the days ahead. Ethereum price continues to consolidate its lead over Bitcoin this week closing above the $2,500 mark in each of the last 4 trading days from Jan. 15.  2 vital trading indicators highlight how the ETH bulls could further assert dominance in the days ahead.  Investors have shifted ETH Worth $1 billion from exchange-hosted wallets into long-term storage As Ethereum price raced up the charts…

Crypto Exchanges Trading Volume Hit $10.3T in 2023, New Data Shows

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CoinGecko’s 2023 Annual Crypto Industry Report has been released. It covers crypto exchanges and their current state, Bitcoin’s +155.2% and Ethereum’s +90.5% growth, analyzing NFT trading volume throughout the year, and more. Among the report’s highlights is the comprehensive review of the crypto trading volume in 2023 through the performance of centralized crypto exchanges (CEX) and decentralized exchanges (DEX). Centralized Crypto Exchanges Dominated Crypto saw a $36.6 trillion trading volume in 2023, with a volume increase of +53.1% from Q3 ($6.7 trillion) to Q4 ($10.3 T). The Q4 increase marked…

Bitcoin Has A New Prime Trading Hour

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The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume of the US spot Bitcoin ETFs over a span of the first three days approached the $10 billion mark. This substantial volume was predominantly led by Grayscale’s GBTC, with a three-day trading volume amounting to $5.174 billion, followed by BlackRock’s IBIT at $1.997 billion, and Fidelity’s FBTC at $1.479 billion, cumulating to…

BRC-20 trading volumes surge 10x since November 2023, data shows

Trade volume for BRC-20 tokens increased $10-15 million to more than $500 million since November 2023, as per data from Kaiko. Tokens minted on the Bitcoin blockchain are gaining momentum as their trading volumes increased by ten times since the end of 2023, according to Kaiko data. In a report on Jan. 15, the Paris-based analytics blockchain firm revealed that trading volumes for BRC-20 tokens skyrocketed from $10 million in November 2023 to more than $500 million in January, attributing the increase to Binance, which recently launched spot and perpetual…

Binance and Gulf Innova’s Thailand Crypto Exchange Open for Trading

“With the full operation of Binance TH by our Thai joint venture to the general public in Thailand, we will uphold our unwavering commitment to security, transparency, and service quality. Blockchain technology and digital assets carry the power to bring about financial inclusion,” Richard Teng, CEO of Binance, added in a release. “This is a strategic step forward, setting the stage for Thailand’s impending role as a key player in the global digital finance landscape.” Source

Retail Trading Giant Robinhood Lists Newly Approved Spot Bitcoin (BTC) Exchange-Traded Funds

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Retail trading giant Robinhood has listed the newly approved spot Bitcoin (BTC) exchange-traded funds (ETFs). The 11 greenlit BTC ETFs became available to the company’s customers on Thursday morning in both retirement and brokerage accounts through Robinhood Financial, according to a new press release. Robinhood chief executive Vlad Tenev says the new Bitcoin financial products help integrate crypto and traditional finance. “It not only offers clarity but also opens avenues for sophisticated risk management tools that benefit our customers in managing their digital asset investments.  Our ethos is ‘participation is…

Genesis Global Trading Pays $8M to Settle New York Lawsuit

Genesis has faced a slew of legal troubles since last year. In January, the Securities Exchange Commission (SEC) charged Genesis with selling billions of dollars worth of unregistered securities to hundreds of thousands of investors. The firm declared bankruptcy that month and remains in court proceedings to recover millions of dollars of lost investor funds as of the time of writing. Source

Bitcoin Liquidations Hit $120M in Four Hours of ETF Trading after Spiking to $49K and Crashing to $46K

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The extreme volatility in the Bitcoin market caused liquidations of more than $170 million after spot BTC ETFs went live. The price of Bitcoin (BTC) swung wildly after the United States saw its first spot Bitcoin exchange-traded fund (ETF) launched. Following the news, BTC jumped past $49,000, a price not seen since December 2021. However, the king coin has undergone a correction and is at $46,151 as of press time, according to data from CoinMarketCap. Unfortunately, the extreme volatility led to heavy liquidations on the Bitcoin network. In less than…

Robinhood opens all 11 spot Bitcoin ETFs for trading

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Online broker Robinhood has added all 11 spot Bitcoin (BTC) ETFs approved by U.S. Securities and Exchange Commission (SEC). According to the company, all approved exchange-traded funds are now available for trading on the platform. As another benefit, the platform offers a 1% bonus when users transfer their brokerage account into Robinhood. Before this, the company’s CEO, Vlad Tenev, noted that Robinhood would list all 11 spot Bitcoin ETFs “as soon as possible.” This solution facilitates the integration of crypto assets into TradFi. Also, according to Tenev, spot Bitcoin ETFs…