Capital flight from China could find home in alternative assets like bitcoin.
Pythagoras Alpha Long Biased Strategy combines a base position in BTC with two uncorrelated strategies to outperform buy and hold play.
Tether USDt’s trading has wiped $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.
According to data from ASXN, $344 million in HYPE tokens have been staked, representing a total value of over $9 billion as of Dec. 30.
The following article is an op-ed by Laurent Benayoun, CEO of Acheron Trading. Algorithmic trading, or “algo trading”, has swiftly established itself within the financial landscape, particularly within the volatile, high-paced crypto market. While often perceived as a domain for high-frequency traders with deep pockets, algo trading is, at its core, about automating trading strategies […]
The post Algorithms for all: Demystifying algo trading in crypto markets appeared first on CryptoSlate.
A bull trap lures traders into thinking prices will keep rising, only to reverse and cause losses. Learn how to spot and avoid this common trading pitfall.
The crypto markets are gearing up for a pivotal moment as over $525 million in Bitcoin (BTC) and Ethereum (ETH) options are set to expire on Friday, Dec. 27, according to a recent report by Bybit and Block Scholes. This expiration event is shaping up to be one of the largest in 2024, yet traders […]
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BTC may remain on the defensive for some time, presenting a "buy the dip" opportunity to investors, according to Bitwise's Andre Dragosch.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, recently experienced a significant price correction, dropping below $3,100 for the first time in 29 days. This marks a notable shift from its peak performance in December, when it reached this year’s high of $4,106 on December 16. However, the all-time high for ETH, set at $4,877 on November 8, 2021, remains unbroken. Since reaching that high, Ethereum has been forming lower highs and lower lows, indicating bearish momentum in the market. Ethereum Market Sentiment And Support Levels The year 2024 has been tumultuous for Ethereum, with a blend of bullish catalysts and market downturns. Early in the year, Ethereum saw a 47% increase, although it lagged behind Bitcoin’s substantial gains. A key driver of optimism was the SEC’s approval of Ethereum spot ETFs in May, which not only attracted institutional investors but also contributed to a 24.7% return for that month. However, geopolitical tensions and broader market dynamics, including the Bitcoin halving, led to volatile periods, with April witnessing a 17.2% decline in ETH’s value. Despite these fluctuations, Ethereum has maintained its stronghold in the decentralized finance (DeFi) space, with its Total Value Locked approaching $80 billion, underscoring its fundamental strength. However, the second quarter was less favorable, with ETH posting a -5.08% quarterly return due to external factors like the Middle East crisis. Related Reading: Sentiment For Ethereum Hits 1-year Low, Analyst Says A Massive Run Is Coming As December 2024 unfolds, Ethereum was trading at around $3,648, showing signs of recovery in the last month of the year and outperforming other major cryptocurrencies like Bitcoin and Solana. However, the recent dip below $3,100 has sparked discussions about the potential for further declines or a swift recovery to new highs. Market sentiment, as indicated by the Fear and Greed Index at 57 (greed), suggests that retail investors see the current dip as a buying opportunity rather than a reason for panic selling. This sentiment is crucial as Ethereum navigates through its support levels, with the immediate one at $2,900 being a focal point. If Bitcoin experiences a significant drop to around $90,000, it could further influence ETH’s price, potentially pushing it towards its next significant support at $2,900. Related Reading: 7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH? Can Ethereum Hit A New All-Time High Before 2025? Looking towards the possibility of hitting a new all-time high before 2025, several factors come into play: Institutional Adoption: The ongoing investment from institutional players, especially through ETFs, could lead to increased demand. Network Upgrades: Upcoming Ethereum upgrades and improvements in scalability could enhance investor confidence. Market Sentiment: The crypto market’s general mood, influenced by broader economic conditions, technological advancements, and regulatory news, will be pivotal. The concentration of Ethereum holdings also plays a role. The Beacon Chain Deposit Contract holds over 38 million ETH, crucial for Ethereum’s transition to Proof-of-Stake. Other significant holders include exchanges like Binance and Coinbase, which could influence market liquidity and price movements through their strategic asset management. In conclusion, while Ethereum’s dip below $3,100 signals a moment of caution, the underlying fundamentals and market dynamics suggest there’s still a pathway to new highs before 2025. However, this would require positive developments in both the crypto-specific and broader economic landscapes. Investors should watch closely how Ethereum interacts with its support levels and responds to upcoming market catalysts. Featured image created with DALL-E, Chart from Tradingview.com
The President, with only a month left in office, reportedly said “nobody in the Congress should be able to make money in the stock market” while serving the United States.
Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether’s USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.
Crypto ETPs have recorded $20.3 billion of inflows during the past 10 weeks, accounting for 45% of all inflows in 2024.
Following a $1.3 billion merger, Coincheck’s ordinary shares and warrants will start trading on the Nasdaq on Dec. 11.
A more "financially literate" user base could reduce cryptocurrencies’ wild market swings, some say.
Training an AI bot for crypto trading opens up 24/7 market access and speed. Learn how to build or deploy bots, the risks involved, and how they can fit into your strategy.
A new survey by Kraken revealed that 63% of US crypto holders believe emotional decision-making has negatively impacted their portfolios, with fear of missing out (FOMO) and fear, uncertainty, and doubt (FUD) playing significant roles. The survey, which gathered responses from 1,248 crypto investors, found that 84% had made decisions influenced by FOMO, and 81% […]
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The survey highlighted that 63% of holders acknowledged that emotional decisions significantly negatively affected their digital asset portfolio
In response to the martial law declaration, opposition Democratic Party leader Lee Jae-myung expressed concern that the military would arrest members of South Korea’s parliament.
To build its blockchain-based trading platform, 21X has been working with several partners, including Polygon and SBI Digital Markets.
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.
After the 2024 US election, Bitwise and other asset managers seem to have been testing the regulatory waters for previously unapproved spot cryptocurrency ETFs.
Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value.Despite the platform's moderation efforts, some of this content surfaces in the public view.The crypto community, particularly on X, has largely criticized the use of shock content to promote tokens. Most tokens associated with such dark themes struggle to achieve significant market capitalization, indicating poor reception by investors.
Early 2000s-style internet shock videos are making the rounds on a popular crypto platform, with such content including extreme acts like individuals engaging in self-harm, animal cruelty, and explicit sexual content to attract attention and potentially increase token value.Despite the platform's moderation efforts, some of this content surfaces in the public view.The crypto community, particularly on X, has largely criticized the use of shock content to promote tokens. Most tokens associated with such dark themes struggle to achieve significant market capitalization, indicating poor reception by investors.
Bitcoin experienced a significant drop from $98,500 to $95,500 on Sunday, triggering a broader market decline.The volatility led to over $500 million in futures liquidations, predominantly affecting smaller altcoins and midcap futures.Despite the pullback, market sentiment remains optimistic, with analysts still holding a view of bitcoin reaching the landmark $100,000 figure on various catalysts.
BTCUSD, BTCGBP, and BTCEUR are the most traded Bitcoin pairs, each reflecting the interaction between Bitcoin and the specific economic environment of their underlying currencies. Analyzing their respective performances allows us to gain insight into the global Bitcoin market and how local economic conditions influence price action. While this data is limited to a single […]
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Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January.
An incoming crypto-friendly regulatory environment for U.S. based companies has renewed optimism for certain tokens, especially XRP.
Layer-1 blockchain, Sui, has confirmed that its network is currently down and unable to process transactions. In a Nov. 21 statement, the team behind Sui identified the issue and announced that a fix would be deployed shortly. The project stated: “The Sui network is currently experiencing an outage and not processing transactions. We’ve identified the […]
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BTC traded above $95,900 in early Asian hours, less than 6% from a landmark $100,000 figure that would push it above a $2 trillion market capitalization.
South Korean traders are known for pushing euphoric rallies on tokens, contributing to buying pressure and possibly influencing prices.