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Why open interest and trading volume are so important in options trading
Cryptocurrency options trading has become a hot topic in the investment world as more and more people seek to profit from the exciting and fast-paced world of digital assets.Even amid an incredibly tough period for cryptocurrency trading,…
BTC liquidations in last 24 hours top $160M
The third most significant long Bitcoin (BTC) liquidation of 2023 occurred on Jan. 30, as over $160 million worth of BTC were liquidated in the last 24 hours, according to CoinGlass data.At the time of writing, data shows that a total of…
Bitcoin closes 4 consecutive weekly green candles for first time since August 2021
Bitcoin closed the week strongly with a fourth consecutive green candle for the first time since August 2021. Four weeks of positive momentum during a bear market is extremely rare.The last time printed four consecutive green candles during…
Bitcoin premium in Nigeria tops 164% amid demonetization
The demand for Bitcoin (BTC) in Nigeria has soared as the fiat notes are set to be invalidated. This rise in demand is causing BTC to be traded at a premium of up to 163.77% in Nigeria.
At the time of writing, peer-to-peer traders are…
2019 Bitcoin investors back in profit above $21.8k
Investors who purchased Bitcoin in 2019 are back in profit, according to data analyzed by Glassnode and CryptoSlate. The average acquisition price can be derived by tracking exchange data and aligning the price of Bitcoin with the time of…
Ronin surges by 20% in a day amid upcoming token unlock
Ronin (RON) has surged by 20% in the last 24 hours, about two days before its token unlock.Ronin network will add 22.19 million RON worth currently $15.83 million (14.96% of the market cap) during the token unlock event scheduled for…
Year of the Rabbit could signal a Bitcoin bull run
Analysis from the crypto financial services platform Matrixport uncovered a Bitcoin Lunar New Year trading strategy that has worked every year since 2015.Twitter user @tier10k explained that buying Bitcoin on Lunar New Year day, then…
STG price surges 45%, insider trading suspected
Four wallets purchased Stargate Finance (STG) tokens before it recorded a 45% increase on Jan. 22 and sold all holdings shortly after, according to Lookonchain.
Altogether, the investors spent $131,462 to purchase 266,200 STG tokens and…
Bitcoin up 50% from bear market low outperforming SPY, Gold
The bear market rally that perplexed much of the crypto industry continued into the weekend as Bitcoin hit $23,230 for the first time since August 2022. Bitcoin is now up 50% from its local low of $15,400.
Source: TradingView BTC-USDBitcoin…
Ex-India RBI chief says crypto price collapse will unlock ‘true value’ of crypto
Former governor of the Indian central bank Raghuram Rajan said that the collapse in crypto prices last year suggests that the industry has received its deserved fate, according to Reuters.However, the fall in price will enable investors…