The Bitcoin dominance has now fallen below 60% for the first time in six months. But despite altcoins moving to grab more market share, this high dominance has remained a hindrance for the altcoin market. Given this, the Bitcoin dominance is expected to continue to determine where the crypto market will be headed from here,…
Bitcoin options markets are showing a low volatility expectation, something that has actually preceded sharp price action in the past. Bitcoin Options ATM IV Has Been Going Down Recently In its latest weekly report, on-chain analytics firm Glassnode has talked about the latest trend in the Bitcoin Options At-The-Money Implied Volatility. Implied Volatility (IV) refers…
Crypto market is showing bullish signal today with Bitcoin breaching all time high above $124,000, gaining 3.58% in the past 24 hours and pushing its market value to $2.457 trillion, overtaking Alphabet to become the fifth-largest global asset. Ethereum also surged 3.44% past $4,700, while standout sector gains included Layer2 projects Arbitrum and zkSync rising…
Wealth management firm Choreo today disclosed that it has invested approximately $6.5 million in various spot Bitcoin (BTC) exchange-traded funds (ETFs). Per official details, the firm manages over $27 billion in total assets. Choreo Reveals Exposure To Bitcoin ETF According to a new filing with the US Securities and Exchange Commission (SEC), Choreo LLC now…
Bitcoin price is gaining pace above the $121,200 zone. BTC is now consolidating and might aim for a move above the $124,000 resistance zone. Bitcoin started a fresh increase above the $122,000 zone. The price is trading above $122,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support…
Crypto firms may get fresh guidance from the Securities and Exchange Commission even if Congress takes its time, Republican Commissioner Hester Peirce told Bloomberg. Peirce, also known as “Crypto Mom”, said agency staff have been working on guidance since January and that the SEC plans to use its existing authority to clarify how securities laws…
Bitcoin has extended its upward momentum over the past week, gaining nearly 6% in that time and 1.8% in the past 24 hours. At the time of writing, BTC is trading at $120,499, maintaining its position near a key resistance zone between $119,000 and $120,000. Market data indicates that traders are watching this price area…
Norway’s sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), has increased its indirect holdings of Bitcoin to 7,161 BTC, valued at approximately $862.8 million as of June 30, according to new analysis from K33. This represents an 87.7% rise in the last six months and a 192.7% increase over the past year. The…
Bitcoin treasury firm Metaplanet has just delivered its strongest quarter ever, with revenue rising by 41% compared to the previous quarter. Metaplanet Has Seen A Sharp Flip In Net Income In a new post on X, Metaplanet has shared the numbers related to its Q2 2024 performance, revealing significant quarter-over-quarter growth in several key metrics….
US President Donald Trump is weighing legal action against Federal Reserve Chair Jerome Powell, tying the clash to his demand for an immediate interest rate cut. The standoff comes after fresh inflation data showed consumer prices cooling more than expected, raising speculation over how the Fed’s next move could ripple into digital asset markets. Bitcoin…