In-depth cryptocurrency market analysis. Expert insights on Bitcoin, altcoin price trends, technical indicators, and data-driven market predictions.
“The U.S. Securities and Exchange Commission (SEC) will classify Ethereum (ETH) as a security and deny approval of spot ETFs applied for by a number of asset managers,” Michael Saylor, CEO of Microstrategy (NASDAQ: MSTR), the largest single holder of BTC outside of bitcoin spot ETFs, said at a...
According to cryptocurrency options exchange Deribit, $13.8 billion worth of Bitcoin options will expire at 17:00 UTC on May 3. The put/call ratio is 0.49 and the max pain (the price at which the most option buyers lose premium) is $61,000. At the same time, $9.9 billion worth of Ethereum options...
Bloomberg ETF analyst Eric Balchunas reports via X that “final data from the first day of Hong Kong's cryptocurrency spot ETFs are in. Hong Kong crypto spot ETFs saw total inflows of $292 million on the first day. Ethereum spot ETF inflows accounted for 15% of that total. While this is much more...
BlackRock's BTC Spot ETF (IBIT) saw net outflows of $36.9 million in one day (local time), reports X, citing Treenews. This is the first net outflow since IBIT launched in January. Meanwhile, BTC fell below $57,000, according to Coinness Market Monitor. On Binance's USDT market, BTC is trading at...
Bitcoin (BTC), which has fallen below the $60,000 mark, may be headed for another decline. On Monday (local time), investment bank Standard Chartered predicted that BTC could fall to $50,000 to $52,000. The decline is expected to be driven by a combination of crypto-specific factors and macro...
Cointelegraph lists three signs that the Bitcoin (BTC) price may be nearing a bottom, including These are: easing market uncertainty after the Fed rate announcement, weak miner selling even after the halving, and rising demand for stablecoins in China. “Market uncertainty was somewhat eased after...
Crypto data provider Alternative's self-estimated “Fear-Greed Index” fell 11 points from the previous day to 43. The index moved from neutral to fear as sentiment worsened. The index indicates extreme fear in the market, with readings closer to zero indicating extreme fear, and readings closer to...
Solana's SOL coin, a strong competitor to Ethereum (ETH), has lost more than 12% of its value in a week and is trading below $140 as of today (May 30). The fifth-largest cryptocurrency by market capitalization, SOL was trading at $137.77 as of 8:43 a.m. ET, down 12.47% from a week ago on...
Hong Kong Ethereum ETF issuer China Asset Management (华夏基金, ChinaAMC) held a press conference to announce that “we expect the trading volume of our cryptocurrency spot ETF, the first of its kind to trade in Hong Kong, to exceed the US record ($1.25 billion) on its first day of trading,” according...
MicroStrategy (NASDAQ ticker: MSTR), the largest single holder of BTC outside of Bitcoin spot ETFs, reported its first quarter earnings, revealing that the company's Bitcoin impairment loss for the period was $191 million, according to CoinDesk. Impairment losses are the difference when the price...
According to DL News, Nate Geraci, CEO of US ETF specialist ETFstore, recently commented on the recent net outflows from Bitcoin spot ETFs, “Bitcoin ETFs are still in the early stages of adoption. Financial institutions are not even allowing brokers to recommend bitcoin spot ETFs. It's a slow...
Users of decentralized cryptocurrency betting platform Polymarket are giving former Binance CEO Zhao Changpeng a 96% chance of being released from prison within two years, according to Coindesk. The odds are 42% that he will serve less than six months in prison, 17% for 6-11 months, and 19% for...