Declining Bitcoin Prices Triggers Renewed Interest As Number Of Small-Time In...
Bitcoin price recently suffered another crash that sent the price of the asset dropping towards the low $40,000s again. This one, however, has been significant in its cash and recovery patterns, and subsequent on-chain data suggests that this most recent crash may have worked in the favor of the digital asset. This is because interest […]
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Renewed activity on Chinese Bitcoin exchanges following the recent developments in G-20 summit may be responsible for the increase in Bitcoin prices. The Bitcoin community had a reason to rejoice this weekend as the digital currency broke the impasse to cross $610. The popular cryptocurrency has been hovering at around $570 since the past one month after falling from a high of $750 following the Bitfinex hacking incident. Like many times in the past, the sudden movement of Bitcoin price is attributed to an increased interest in the digital currency among Chinese investors. China plays a....
Investor enthusiasm for Dogecoin is sharply declining. Over 67% of the open interest on the meme coin has decreased in three months. December 2024 saw it at $4.07 billion. By February 2025 it had dropped to $1.33 billion. This significant decline suggests mounting market caution. Many traders are retreating because of uncertainties in the broader crypto market. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Notable Drop In Dogecoin Open Interest Open interest measures the active contracts on futures and option exchanges. Usually, a declining figure indicates....
Ethereum prices might be stagnant at spot rates, weaving around the $1,540 and $1,560 zone, looking at technical charts. However, amid this period of consolidation and holders worrying about Ethereum’s prospects, Kaiko notes that the coin’s open interest has been gradually rising since September 2023. Ethereum Open Interest Rising: What Does It Mean? As of October 10, Kaiko observes that there are more than 2.2 million contracts, and the number has been rising steadily over the past few trading weeks. With increasing open interest, it can hint that bulls are in the equation,....
The current trend in the crypto market has seen investors reassessing their positions in digital assets such as bitcoin. As the market had boomed and the infamous altcoin season had blossomed, a lot of investors had flocked to smaller cap altcoins for some large gains. However, with these digital assets now in a decline, investors have had to find ‘safer’ alternatives which have brought them right back into the arms of larger caps like bitcoin. Small Caps Take A Beating Like with any declining market, small caps have borne the brunt of the losses. They have underperformed the other indexes....
NFT gaming, while probably a novelty aspect in blockchain gaming, can no longer be considered a niche but an established part of games built on blockchain. With the ability to earn being a major pull for gamers, NFT gaming has attracted a large number of new players. At some point in 2021, there were game streamers who were posting earnings in the thousands of dollars every week due to their participation in these NFT games. Naturally, given that most of these games had been launched during the bull market, their token prices had soared, and so did the earnings of gamers. But these NFT....