An uptick in Bitcoin (BTC) supply to whales' addresses witnessed across January appears to be stalling midway as the price continues its intraday correction toward $42,000, the latest data from CoinMetrics shows. Whales, fishes take a break from Bitcoin The sum of Bitcoin being held in addresses whose balance was at least 1,000 BTC came to be 8.10 million BTC as of Feb. 16, almost 0.12% higher month-to-date. In comparison, the balance was 7.91 million BTC at the beginning of this year, up 2.4% year-to-date. Notably, the accumulation behavior among Bitcoin's richest wallets started slowing down after BTC closed above …

Trading perpetual futures contracts in decentralized apps is a crypto sub-sector ripe for growth, especially as discussions of regulation, taxation and mandatory KYC at centralized exchanges continue to take place. One DEX platform that has begun to gain traction is Injective (INJ), an interoperable layer-one protocol designed to facilitate the creation of cross-chain Web3 decentralized finance (DeFi) applications. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.91 on Feb. 3, the price of INJ has rallied 157.8% to a daily high of $10.08 on Feb. 11 amidst a 1,756% spike in its 24-hour trading …

Trading cryptocurrencies is not an easy undertaking with many technical indicators, market changes, external factors and a constantly changing ecosystem in a way. So it’s no wonder many investors have trouble navigating this space. However, while strategy plays a significant role in the outcome of a trade, it is only one of the factors that lead to long-lived success. In selecting the cryptocurrency exchange, users will look at such factors as liquidity, functionality for derivatives trading and decentralized finance (DeFi) protocols, security, reputation and the prevalence of automated features. With so many considerations on the table, it becomes crucial for …

In response to institutional investors' concerns about the risks of trading in a new asset class, TMX Group, Canada's major stock market operator, has revealed plans to launch its first-ever crypto futures product. While speaking to Reuters, TMX Group's John McKenzie said that the firm plans to release the product on the Montreal Exchange later this year. According to Mackenzie, "more institutional investors and dealers are [...] holding more crypto assets within their portfolios or for their clients or in ETFs," adding they are working on how to mitigate risk due to crypto's huge volatility. Cointelegraph reached out to TMX …

When analyzing Ether's (ETH) price chart, one could conclude that the 3-month long bearish trend has been broken for a few reasons. The current $3,100 price range represents a 43% recovery in 15 days and, more importantly, the descending channel resistance was ruptured on Feb. 7. Should Ether bulls start celebrating and calling for $4,000 and higher? That largely depends on how retail traders are positioned, along with the Ethereum network's on-chain metrics. For instance, is the $30-plus transaction fee impacting the use of decentralized applications (dApps), or are there any other factors that will prohibit Ether's price growth? Since …

Hope for the possibility of another significant rally in the cryptocurrency market has returned, even though Bitcoin (BTC) rejected at $45,500. Currently, bulls are looking to shore up their defense at the $43,000 support level. Data from Cointelegraph Markets Pro and TradingView shows that after making a run to a weekly high at $45,500 early on Tuesday, bears managed to drop the price of BTC to $42,900 during afternoon trading as investors realized profits and prepare to place bids around $38,000. Here’s a look at what analysts are saying sparked the rally in BTC price over the past week and …

Founded in 2019 in Singapore, Phemex has been operating as a crypto derivatives exchange. The platform rose to the “top 10 global exchanges in less than two years, with a daily peak trading volume of more than $12 billion.” Cointelegraph talked to Jack Tao, founder and CEO of Phemex, about the difficulties and risks of running a crypto exchange and where he plans to take Phemex next. Tell us about the story behind the exchange and what it was like to launch a trading platform during the crypto winter? The story behind Phemex is one that seeks to provide solutions …

This week the total crypto market capitalization rallied 10% to $1.68 trillion, which is a 25% recovery from the Jan. 24 bottom. It's too early to suggest that the market has found a bottom but two key indicators — The Tether/CNY premium and CME futures basis — have recently flipped bullish, signaling that positive investor sentiment is backing the current price recovery. Traders should not assume that the bear trend has ended by merely looking at price charts. For example, between Dec. 13 and Dec. 27, the sector's total market capitalization bounced from a $1.9 trillion low to $2.33 trillion. …

Cryptocurrencies had a volatile week after Bitcoin's (BTC) sudden crash to $33,000 on Jan. 24. However, the sharp 9% drop fully recovered within 8 hours after BTC price regained the $36,000 support. On Jan. 26, Bitcoin rallied to $38,960 but it could not sustain the level and corrected by 8.8% in the following 8 hours. When factoring in the recent ups and downs, Bitcoin managed to only gain a meager 1.6% over the past seven days. Even with the considerable price swings, the aggregate futures contracts liquidations were relatively low. Longs (buyers) had $570 million futures terminated, while shorts (sellers) …

Analysts love to issue price predictions and it seems that 9 out of 10 times they are wrong. For example, how many times did analysts say "we will never see Bitcoin back at X price again," only to see it plunge well below that level a few months later? It doesn't matter how experienced a person is or how connected in the industry. Bitcoin's (BTC) 55% volatility must be taken seriously and the impact this has on altcoins is usually stronger during capitulation-like movements. I was undeniably wrong about how much crypto could fall from macro contagion. I remain bullish …

Ether (ETH) price lost the $3,600 support on Jan. 5 as minutes from the Federal Reserve's December FOMC meeting showed that the regulator was committed to decreasing its balance sheet and increasing interest rates in 2022. Even with that looming overhead, Ether has problems of its own, more specifically, the ongoing $40 and higher average transaction fees. On Jan. 3 Vitalik Buterin said that Ethereum needs to be more lightweight in terms of blockchain data so that more people can manage and use it. The concerning part of Vitalik's interview was the status of the Ethereum 2.0 upgrade, which is …

Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-Sept. 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. To understand whether the current price momentum mimics late September, traders should start by analyzing the Bitcoin futures contracts premium, which is also known as "basis." Unlike a perpetual contract, these fixed-calendar futures do not have a funding rate, so their price will differ vastly from regular spot exchanges. By measuring the expense gap between futures …