Everything web3, crypto, defi, degen
In brief Solana and Chainlink jumped over 12% as July CPI came in below forecasts, reinforcing bets on a September Fed cut. Institutional flows, not retail speculation, are driving this cycle, according to Presto analyst Min Jung. Analysts have warned rising leverage has increased systemic risk, making altcoins more vulnerable to sharp reversals. Solana and…
In brief Open interest in ETH futures positions surged to over $57 billion on Tuesday. ETH also topped all other coins in liquidations, as the token takes center stage for investors. The attention is largely thanks to ETH’s surging price, which is now closer to eclipsing its all-time high than at any point since 2021.…
In brief Bitcoin’s weekend rally stalled Monday as traders booked profits. Experts suggest a potential drawdown if Tuesday’s U.S. CPI print comes in hotter than expected. Bitcoin options data shows traders are hedging for downside risk with puts. Bitcoin’s surprise weekend rally hit a wall Monday with a move that undid more than half of…
In brief Ethereum’s recent surge, driven by institutional ETF inflows, has sparked increased market confidence in potential altcoin season. Top altcoins like Solana, Dogecoin, XRP and meme coins are likely to see an increased speculative activity. Analysts believe this phase could last until November Ethereum-betas could catch a headwind due to the cautiously optimistic due…
In brief Bitcoin has rebounded 4.5% since Saturday, nearing its mid-July record of $122,838. Derivatives data shows a jump in open interest, pointing to a surge in leveraged long bets. Traders are watching Tuesday’s CPI release for clues on potential Fed rate cuts. Bitcoin is expected to break its all-time high this month as a…
In brief Trump’s executive orders direct the inclusion of crypto in 401(k) plans and bar debanking of crypto-related initiatives. Nearly $300 million in short positions were liquidated after Thursday’s announcement. Cumulative volume delta remained elevated, signalling buyers’ attempts to hold the market up despite profit-taking. Bitcoin is close to revisiting last week’s highs after U.S.…
In brief Bitcoin has traded between $117,000 and $119,000 for over two weeks, slipping 2% after a weekend rally. Ethereum has climbed to near the $4,000 level, backed by over $5 billion in ETF inflows and rising derivatives activity. XRP sentiment has improved as investors eye potential regulatory clarity. The cryptocurrency market extended its losses…
In brief Analysts noted Galaxy Digital and other large Bitcoin holders moved $3.7 billion worth of BTC to exchanges Friday morning, with 26,100 BTC sold at a loss by short-term holders. Bitcoin dropped 1.8% to $116,365 amid mounting selling pressure, while trading volume surged 37% to $131.6 billion in 24 hours. Over $531 million in…
In brief Bitcoin’s consolidation near $120,000 has fueled recent gains in major altcoins, but signs of exhaustion are emerging. Analysts flag a buildup of Ethereum sell orders and leveraged positioning in Solana, pointing to a possible short-term correction. Despite near-term caution, some remain bullish, citing macro drivers like Fed rate cuts and liquidity trends. Several…
In brief Altcoins are falling hard Wednesday following a recent surge in prices for Ethereum, XRP, and more. Glassnode reports that altcoin open interest hit a new all-time high, skyrocketing since the start of July. That growth in derivatives trading may result in more volatility, which could explain the dip. The recent crypto market euphoria…
