Bitcoin derivatives data shows room for BTC price to move higher this week
[ad_1] This week Bitcoin (BTC) rallied to a 2023 high at $23,100 and the move followed a notable recovery in traditional markets, especially the tech-heavy Nasdaq Composite Index, which gained 2.9% on Jan. 20. Economic data continues to boost investors’ hope that the United States Federal Reserve will reduce...
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Quant Shows Potential For A Surge Beyond The $150 Marker
[ad_1] Quant (QNT), a cryptocurrency with a total market cap of $1.88 billion, is outperforming some of the more popular altcoins out there, going up by 10% during the last seven days. According to latest tracking from Coingecko, at the time of this writing, the altcoin is changing hands...
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The battle between crypto bulls and bears shows hope for the future
[ad_1] The blockchain space is seeing some areas of strength despite the perceived downturn in the market. The perpetual futures funding rates for Bitcoin (BTC) and Ether (ETH) have flipped back to positive on major exchanges, which shows bullish sentiment among derivatives traders. In addition, Bitcoin started trading below...
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Robinhood Shows Interest towards NFTs
[ad_1] Aparna Chennapragada, Chief Product Officer at Robinhood, made some statements about the interest of the trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly,...
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Klaytn token down 15% in a month, but network’s TVL shows resilience
[ad_1] Klaytn (KLAY) had a promising start in March 2021, reaching an impressive $11 billion market capitalization following its debut. However, investors have exaggerated their expectations as the token’s current total value stands at $3 billion, down roughly 70%. KLAY/USD on Binance. Source: TradingView Although not as well known...
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Data Shows Whales Are Dumping, But Bitcoin Holds Above $60k
[ad_1] On-chain data shows Bitcoin whales are dumping as they make up almost 90% of the transactions to exchanges, but BTC holds support above $60k. Bitcoin Exchange Whale Ratio Says Nearly 90% Of Transactions Are From Whales As pointed out by a CryptoQuant post, BTC has continued to hold...
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Pro traders know it’s time to range trade when this classic pattern shows up
[ad_1] A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern,...
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Bitcoin Accumulation Patterns Shows Rally Might Only Be In Its Early Stages
[ad_1] Bitcoin accumulation patterns continue to point to the fact that the recent rally might not be ending anytime soon. Investors have continued to hoard assets as the volume of bitcoins sent to exchanges to be sold off or traded falls below the accumulation rate. Outflows from exchanges have...
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Active Bitcoin addresses surged 30% in late July, data shows
[ad_1] Amid a renewed bullish trend on the cryptocurrency markets over the past few weeks, more users have moved into trading Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization. Data from blockchain analytics platform Glassnode shows that Bitcoin has seen a notable surge in terms of active addresses...
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Report Shows United States At The Top Spot Among Crypto Ready Countries
[ad_1] Crypto Head recently published a report placing the United States on top of its list of “Crypto ready” countries. One indication that the country is ready to adopt cryptocurrencies is the whopping number of Bitcoin ATMs presently operating in the U.S. Related Reading | Elon Musk’s “Baby Doge”...
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