Network activity indicates potential price movements as increased transactions signal growing adoption or trading interest. However, open interest has remained largely unchanged since July, suggesting a cautious or steady market sentiment. A significant uptick in network activity could spell good news for bullish bets on Dogecoin (DOGE), the Shiba Inu-inspired …
futures
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If the altcoin breaks below the ascending trend line it has held above since September 6, it could face a further 18% decline. ‘s Derivatives Traders Exit Market Ripple’s price decline over the past 24 hours has also impacted its derivatives market. According to Coinglass data, trading volume in XRP …
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Bitcoin (BTC) recently surged past $62,000 following a decision by the U.S. Federal Reserve to lower interest rates by 50 basis points. This move, the first rate cut in four years, led to a boost in the cryptocurrency market, with Bitcoin leading the charge. However, data from Binance, the largest …
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BitMEX co-founder and Maelstrom CIO Arthur Hayes, sat down with Markets Daily host Jennifer Sanasie and Brad Keoun, CoinDesk’s Managing Editor of Technology and Protocols, to share his insights on whether a Fed rate cut of 25 or 50 basis points could lead to financial turmoil or a short-term rally. …
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Bitwise Analyst Sees Ethereum’s Struggles as a Long-Term Opportunity
by Wayne Jonesby Wayne JonesEthereum is facing some of its toughest challenges, with market sentiment turning negative. The cryptocurrency’s performance has lagged, its regulatory outlook remains uncertain, and competition from newer blockchains like Solana is intensifying. However, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, believes its foundational strengths in key sectors like stablecoins …
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The $170 billion stablecoin supply could potentially underpin demand for tokenized Treasuries, Standard Chartered’s Alexander Deschatres said. The Fed will likely cut rates on Wednesday, starting the so-called liquidity easing cycle. The Federal Reserve will likely cut interest rates this Wednesday for the first time since 2020, ending the most …
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Another Neiro Token Skyrockets as Meme Coin Competitors Fail Binance Checks
by Ryan Gladwinby Ryan GladwinOne of the many Neiro tokens has broken into the top 15 meme coins by market capitalization, as it leaped from $15 million to $352 million in the two days following its listing for spot trading on Binance. Yi Hi, co-founder of the exchange, later explained in a blog post …
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Bitcoin topped $61,000 in the run-up to the U.S. market open on Tuesday, with trading volume on Binance increasing. Jumps in Binance trading levels often signal a local market top, with bitcoin dropping shortly afterward. Bitcoin (BTC)’s surge above $61,000 in the run-up to the U.S. open on Tuesday could …
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The era of central banks is over, Hayes said ahead of an expected Fed rate cut Wednesday. Ethena’s USDe and Pendle’s BTC staking could benefit from the impending low interest rate regime, Hayes said. Demand for tokenized Treasuries, an interest-rate-sensitive product, could weaken if interest rates remain low. Arthur Hayes, …
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To date, BNB has only managed to succeed once, making it challenging for the altcoin to achieve another breakout. This resistance continues to be a significant hurdle, keeping the cryptocurrency from maintaining sustained upward momentum. BNB Faces Potential Bearishness The overall macro momentum for BNB shows mixed signals. Technical indicators …