Trading news-Page 3
Bitcoin price over $20K creates FOMO with 620K BTC wallets pop-up
Bitcoin (BTC) price surge above $20,000 in the second week of January led to a market FOMO (fear of missing out), especially among small BTC holders with a wallet balance of 0.1 BTC. There was a significant surge in BTC addresses holding 0.1 BTC or less, after January 13. According to data shared by crypto analytics firm Santiment, 620,000 new BTC addresses have popped up since the January 13 BTC price surge totaling 39.8 million. The rise in Bitcoin small addresses indicates regrowing investor optimism in 2023. The growth of such small addresses was very limited and slowed down remarkably …
Bitcoin / Feb. 6, 2023
Bitcoin’s big month: Did US institutions prevail over Asian retail traders?
Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last two weeks, with Bitcoin the largest beneficiary.” Meanwhile, a Jan. 30 CoinShares blog noted that the total assets under management in digital asset investment products — a good gauge of institutional participation — had risen to $28 billion, led by Bitcoin (BTC), which was up …
Adoption / Feb. 3, 2023
72% of institutional traders are crypto-skeptical this year: JPMorgan
A whopping 72% of institutional e-traders have signaled “no plans to trade crypto/digital coins” in 2023, according to a new survey conducted by JPMorgan. The seventh edition of JPMorgan’s e-Trading Edit surveyed 835 traders from 60 different “global locations” about the technical developments and macroeconomic factors that will influence trading performance in 2023. The survey was conducted between Jan. 3 to Jan. 23, 2023. The survey revealed hesitation among traders around digital assets. Only 14% of respondents said they will either continue to trade in the digital asset market or begin trading this year. The remaining 14% of respondents, said …
Adoption / Feb. 2, 2023
Ethereum's Shanghai fork is coming — but it doesn't mean investors should dump ETH
Ethereum’s next big upgrade, Shanghai, is on the horizon for March. The Shanghai hard fork will implement further improvement proposals for the Ethereum network as well as enable Ether (ETH) stakers and validators to withdraw their assets from the Beacon Chain. At the time of writing, staked ETH represents approximately 14% of the total supply, or 16 million coins. It equates to over $25 billion at ETH’s current price, a substantial sum that will gradually become liquid following the fork. Some ETH stakers have waited over three years to withdraw their rewards. Does that mean most of them will line …
Trading / Feb. 1, 2023
Bitcoin on-chain data and BTC’s recent price rally point to a healthier ecosystem
Bitcoin (BTC) had a rough year all throughout 2022. But fresh on-chain and futures market data show positive signs that the leading cryptocurrency by market capitalization has started to recover. After a bevy of short liquidations, the futures market is pointing toward renewed equilibrium. According to data from Glassnode, short position liquidations cleared out unhealthy market speculators, on-chain and exchange data now point to an improving spot market and exchange netflows. A large group of investors that were previously at a loss is now back in the category that Glassnode analysts label as “unrealized profits.” Massive short liquidations set the …
Bitcoin / Jan. 31, 2023
Crypto Quick Hits: 8 simple steps to multiple weekly winners
Cointelegraph Markets Pro gives members access to multiple strategies for finding weekly crypto winners. This article outlines how to use two overlooked indicators that, based on historical data, have been able to alert traders to massive potential price increases. These indicators can also be indispensable tools for asset discovery. When these indicators are abnormally high, they warrant a closer look at the featured assets to investigate the reasons behind the abnormal volume dynamics. Before diving in, it’s important to understand this point: Cointelegraph Markets Pro is made up of multiple, real-time, AI-driven indicators, that provide members multiple opportunities to get …
Bitcoin / Jan. 31, 2023
Here's how Kazakhstan aims to enhance its legacy crypto trading framework
Kazakhstan, one of the biggest Bitcoin (BTC) mining destinations in the world, issued a consultation paper to gauge public interest in proposed amendments to improve the cryptocurrency trading framework. The policy paper, released on Jan. 27, was laid down by the Astana Financial Services Authority (AFSA), a Kazakh regulator. The AFSA pointed out that the AIFC Digital Asset Trading Facility (DATF) regulatory framework dates back to 2018 and that the amendments seek to introduce certain enhancements. AFSA’s analysis highlighted problems related to the ongoing supervision of crypto exchanges — revealing “contradictions, inefficient provisions and uncertain definitions within the regime.” It …
Adoption / Jan. 31, 2023
Genesis Capital’s fall might transform crypto lending — not bury it
Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022. Unlike many traditional creditors, like banks, cryptocurrency lenders aren’t required to have capital or liquidity buffers to help them weather hard times. The collateral they hold — cryptocurrencies — typically suffer from high volatility; thus, when markets plunge, …
Adoption / Jan. 28, 2023
Opinion: 3 tips for trading Ethereum this year
Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell for reasons other than you assumed. Despite the uncertainty, there are sometimes still strategies you can use to trade certain tokens successfully. Ether (ETH) is arguably where you might be able to succeed this year. Here are three tips that might help. Understand what actually …
Markets / Jan. 27, 2023
US institutions account for 85% of Bitcoin buying in 'very positive sign' — Matrixport
Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist. Markus Thielen, the head of research and strategy at the financial services firm, told Cointelegraph the evidence shows that institutions are not “giving up on crypto” and is an indicator that we might be entering a new “crypto bull market now.” The data was shared in a Jan. 27 report from Matrixport, which suggests that it can be distinguished whether a digital asset is more favorable by retail …
Adoption / Jan. 27, 2023
What is a crypto index fund, and how to invest in it?
While the COVID-19 pandemic’s long-term socioeconomic effects are yet to be known, most economies are still dealing with the effects of the global financial crisis. Moreover, millions of households are under or unbanked, and there are additional obstacles faced by people, including slow wage growth, skyrocketing property costs and government debt as more and more individuals are living hand to mouth. After the global financial crisis of 2008, financial advancements like blockchain-based assets such as Bitcoin (BTC), Ether (ETH) and more cryptocurrencies emerged. However, they have been through roller coaster rides due to extreme volatility and mismanagement of businesses. In …
Bitcoin / Jan. 25, 2023
5 quick steps Markets Pro members used for 120X returns trading the news in 2021 & 2022
Want to learn a real strategy to potentially make a lot of money buying and selling cryptocurrencies? These secrets can’t be found anywhere else — but they are able to turn one’s entire financial situation around for the better in a very short period of time. Here’s how: We have often said that the key to crypto trading success is simple — one must get into select tokens before big price movements happen. The key question, of course, is how does one get in front of rallies before select tokens take off? Well, what we’re able to share is an …
Bitcoin / Jan. 24, 2023