In Cointelegraph's latest video report, we discussed the systemic risks posed by stablecoins to the stability of both crypto and traditional markets. Stablecoins have become the backbone of the crypto ecosystem, as they play a crucial role in the functioning of crypto trading and decentralized finance. Their market capitalization has grown fourfold since the start of 2021. But the lack of transparency around the reserves backing stablecoins have left many wondering whether their growth is actually sustainable. Major stablecoins' recent disclosures showed that only a portion of their reserves is made up of cash, while a significant amount is kept …
Choppy markets have defined the crypto space since Bitcoin (BTC) sold off on April 19, and indecisive markets like these can test the patience and fortitude of even the most dedicated traders and analysts, especially when the incessant calls for a bottom are met with lower lows. While the periods of low trading volume and whipsaw price movements may be the perfect conditions for whale-sized traders to play in, the average investor doesn’t stand a chance, especially with multimillion-dollar funds now beginning to get in on the action. Data shows that instead of day trading and attempting to time the …
Are there any tools that make analyzing market movements simpler? If staring at charts all day isn’t your scene, there are alternatives. As we mentioned earlier, our regular price analysis feature prepares charts for you and provides written context about what might have caused these movements. Of course, data can be interpreted in different ways, and no two analysts are the same, meaning each will pick up on trends based on their own research. Therefore, it’s a good idea to stay plugged into as much crypto news as possible to guarantee that you’re getting the bigger picture. Charts and articles …
Bitcoin (BTC) futures open interest on digital asset platform Bakkt has hit a new all-time high. According to a Dec. 3 Twitter post published on Dec. 3 by Bakkt Volume Bot — a Twitter account dedicated to reporting Bakkt trading volumes — Monday’s open interest on Bakkt Bitcoin futures reached a new all-time high of $6.5 million. In futures markets, open interest is the number of open contracts in the market and is often used to indicate the health of the market. When there is a large amount of open interest, new or additional capital is flowing in. Regularly breaking …
Founded in 2017, OKEx is a centralized cryptocurrency exchange based in Seychelles. According to CoinGecko, OKEx is the world's third-largest cryptocurrency brokerage, with nearly $12 billion in trading volume within the past 24 hours. The exchange lists 312 coins and 518 cryptocurrency trading pairs. It's often difficult for new cryptocurrency enthusiasts to navigate the complex world of trading and finance. OKEx seeks to bring such sophisticated trading methods to everyday users' disposal by building simple user interface. During an exclusive ask me anything, or AMA, session with Cointelegraph Markets Pro Users, OKEx staff discussed trading tools, financial regulation, the OKExChain …