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Showing posts with the label trading

Cardano (ADA) Oversold With RSI at 36.6: Is a Short-Term Rebound on the Horizon?

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Crypto Market Down? These 3 Coins May Jump Higher Soon

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The cryptocurrency domain has always been synonymous with sharp price crashes and volatility. There are times when traders lose out on money, but these declines often serve as lessons, helping an investor understand the hidden undercurrents of this domain. While it may seem catastrophic at first, these volatile pangs of price declines often serve as opportunities to help investors expand his or her worldview, helping them gain a better understanding of the trading narratives. These changes also deliver a chance for investors to scoop up lucrative market dips, the ones that have the power to transform heavily in the near future. With the current crypto market down narrative, here are the three coins that are poised to rally once the market gains stability in the future. Also Read: Hoskinson Unveils Cardano’s Masterplan For Global Adoption Three Coins Predicted to Rally Hard Soon 1. Binance Coin (BNB) Source: The Coin Republic Binance Coin (BNB) is one of the most promising cryptocurrenc...

Bullish traders lose over $630 million in 24 hours as cryptocurrencies crash

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The cryptocurrency market crashed on January 7, liquidating long position bullish traders by over $630 million in 24 hours. As of today, January 8, cryptocurrencies continue to show weakness, which some investors consider as an opportunity to accumulate more. Precisely, data we gathered from CoinGlass this morning show that $631.52 million were liquidated from long positions. This is a significant domination over the total liquidations in the last 24 hours, summing up to $711.30 million. Overall, 237,701 traders lost their collateral money due to the liquidations, mostly trading “Others” low-cap cryptocurrencies. One single Ethereum (ETH) trader lost $17.41 million alone, betting on the ETH/USDT pair on Binance. Picks for you Robert Kiyosaki reveals why Bitcoin’s crash is ‘Great News’ for investors 3 hours ago...

Kekius Maximus Price Prediction: KEKIUS Soars 22% As This PEPE Derivative Rival Rockets Past $40M In Presale

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The Kekius Maximus price surged over 22% in the last 24 hours to trade at $0.1639 as of 4:04 a.m. EST as investors rush to accumulate the meme coin. With the recent surge, the KEKIUS price is now up more than 2,290% on the weekly time frame as well. It has also skyrocketed over 4,281% in the last 14 days. Kekius Maximus Price Rising Towards Resistance 1-hour chart for KEKIUS/USD (Source: GeckoTerminal) The Kekius Maximus price is slowly starting to climb towards the resistance level at $0.2022, according to GeckoTerminal data. Should it break above this technical barrier in the coming 24 hours, the crypto might have the foundation needed to keep rising in the following few days. This could result in the meme coin climbing to as high as $0.2639. However, the Kekius Maximus price falling out of the ascending price channel that has emerged on its 1-hour chart in the last couple of days could invalidate the bullish thesis. In this alternative case, the crypto could stand the risk o...

ChatGPT-4o sets Ethereum price as $800 billion bank enters ETH spot trading

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Ethereum (ETH) has been conquering traditional finance attention, especially among relevant institutional players. Now, Standard Chartered, a banking giant with over $822 billion in assets under management (AUM), has also made its move. According to a Bloomberg report, Standard Chartered plans to offer Ether and Bitcoin (BTC) in a new crypto trading desk. If accomplished, the move will make StanChart the first major global bank to offer this service. “We have been working closely with our regulators to support demand from our institutional clients to trade bitcoin and Ethereum, in line with our strategy to support clients across the wider digital asset ecosystem, from access and custody to tokenization and interoperability,” the bank said in a statement. Picks for you Bitcoin's six-month stagnation echoes 2023's price doldrums...

Multipool partners with BSO enabling ultra-fast low latency trading

Majuro, Marshall Islands, May 21st, 2024, Chainwire Multipool , a leading innovator in the blockchain and cryptocurrency industry, announces corporate partnership with industry-leading global connectivity provider BSO , enabling ultra-fast low latency trading on Multipool. The combined tech offers users a comprehensive suite of fully decentralized trading tools delivering the best DEX price execution in the industry. Fully utilizing BSO’s cutting-edge technology and direct access to financial market data centers, Multipool will offer the following features to users trading on the platform: Equinix NY4 – a pivotal data center for secure connectivity within the North American financial markets trusted connectivity hub for NYSE trading. Equinix TY3 – the gateway to Japan’s stock exchanges. CME – the closest proximity to CME Globex trade matching engine. Equinix LD4 – the interconnection nerve center for the UK’s stock e...

Bybit integrates Ethena Labs’ USDe as trading collateral 

Bybit, one of the world’s leading cryptocurrency exchanges in terms of trading volume, has incorporated Ethena Labs’ synthetic dollar, USDe, as a collateral option for trading, according to the information shared with Finbold on May 8.  The integration aims to enhance capital efficiency for traders, enabling them to earn yields on their base assets while trading through their Bybit’s Unified Trading Account. The importance of Ethena Labs’ synthetic dollar Hao Yang, head of financial products at Bybit, expressed the significance of the integration, stating: Picks for you The next trillion-dollar market: Where the smart money is heading now 27 mins ago Landing an 8-figure salary; Key industries and their top positions 3 hours ago AI predicts Cardano price for May 31, 2024 17 hours ago Buy signal for two strong cryptocurrencies this week 17 hours ago “Our decision to integrate Ethena Labs’ synthetic dollar, USDe, as a collateral asset on ...

Binance copy trading averages over $2 billion weekly since launch

The global blockchain ecosystem, Binance, announced the achievement of a significant milestone with its copy trading product, with a cumulative weekly average trading volume surpassing $2 billion during the initial three months since its inception in October 2023, as per the latest information shared with Finbold on January 16. The robust expansion and substantial traction further solidify Binance’s prominent position in the cryptocurrency industry. By introducing copy trading, the operator of the largest digital assets exchange reaffirms its dedication to reducing entry barriers and facilitating the emergence of the next generation of cryptocurrency users. New features introduced by Binance Over the preceding month, Binance has extended its initiatives by introducing several new Features to enhance user experience. In a recent update, Binance introduced a new feature known as mock copy trading, enabling users to engage in trading activities without investing real funds...

Futures will be the best crypto game in town even after a Bitcoin spot ETF

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A spot Bitcoin ETF will bring fresh money to the market, but it will not change a fundamental reality: Bitcoin liquidity is declining. The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF. Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC) futures trading than the world’s biggest crypto exchange, Binance. Open BTC interest on the CME now makes up 24.7% of the entire market, making it the top Bitcoin futures trading venue in the world  While some of this activity is almost certainly linked to anticipation of approval for a spot ETF, the launch of one or more will not lead to a reduction of activity in the futures market. In fact, futures trading is likely to expand rather than contract when the SEC finally gives BlackRock et. al. the green light. Related: History tells us we’re in for a strong bull m...

Binance rolls out self-trade prevention for spot and margin trading

Introduced in January 2023, Binance’s STP functionality is designed to block the execution of an order if it would result in a self-trade. Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self- trade s. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode will be the default mode for all trading pairs and orders on Binance’s spot and margin trading platforms. Once the STP feature is live, users will be able to check what orders have expired due to the STP function on the Binance official website, Binance App and Binance Desktop App through the transaction history page, the announcement notes. Introduced in January 2023, Binance’s STP functionality is designed to block the execution of an order if it would result in a self- trade . The fu...

Coinbase International launches perpetual futures trading for retail customers

The recent regulatory approval for the international subsidiary of Coinbase comes within a month of getting the NFA nod to offer crypto derivatives services to institutional clients in eligible US states. Coinbase International Exchange, a class F license holder from the Bermuda Monetary Authority (BMA), announced that it has received additional regulatory approval, allowing the platform to offer perpetual futures trading to non-US retail customers. Launched in May 2023, Coinbase International already offered crypto derivates services to institutional clients. With the latest regulatory approval, the crypto platform will begin to offer eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform in the coming weeks. The exchange notified that the Perpetual Futures accounts are maintained by Coinbase Bermuda Limited regulated by the BMA.  The crypto exchange claimed in its announcement that nearly 75% of crypto trading volume comes from the deri...

How cryptocurrency could help tackle global income inequality

A look at the many ways that cryptocurrency can help to solve the problems associated with global income equality. Over the past few decades, the inequality of wealth distribution globally has become all the starker. For example, as of 2022, the top 10% of Americans hold nearly 70% of US wealth. This means that 90% of the country only takes home 30% of the wealth. South Africa is another example, with the top 10% taking home 65% of the wealth. Many citizens also lack access to general banking as well as high-class financial services (i.e., services limited to accredited investors) that are readily available to the more well-off residents. Cryptocurrency can help to reduce wealth disparity by providing users with access to a means to earn, store, receive, send and invest their money. This Analysis looks at how cryptocurrency can help close the gap regarding income inequality. How can crypto solve income equality? Cryptocurrency gives users easier access to financial tools and a more ...