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Crypto Traders

All articles tagged with #crypto traders

cryptocurrency-trading1 year ago

Bitcoin's Potential to Surpass $70K and Its Impact on the Market

Lyra Finance, a decentralized BTC options marketplace, indicates a 20% chance of Bitcoin surpassing $70,000 by the end of April, with options data suggesting this possibility. Traders are speculating on price trends ahead of and following Bitcoin's reward halving in mid-April, and the consensus is that Bitcoin could see further gains due to fiscal policy in the U.S. and a declining global recession probability. As the world's largest decentralized crypto options venue, Lyra accounts for 50% of the global DEX options volume and has listed Bitcoin options with an expiry date of April 26, allowing traders to bet on the price action surrounding the reward halving.

via CoinDesk|
#bitcoin#crypto-traders#cryptocurrency-trading
cryptocurrency2 years ago

BlackRock's Bitcoin ETF Sparks Market Movement and Mystery on DTCC Site

The inclusion and subsequent removal of BlackRock's proposed ticker for its spot bitcoin ETF on the Depository Trust & Clearing Corp.'s website caused a surge and then a slump in the price of bitcoin. However, it was revealed that the ETF had actually been on the website since August, and its presence does not indicate regulatory approval. The appearance of an ETF on the website is part of the preparation process, and it is standard practice for DTCC to add securities in anticipation of a new ETF launch.

via CoinDesk|
#bitcoin#blackrock#crypto-traders
cryptocurrency2 years ago

Crypto Traders Face Massive Losses as Bitcoin Price Plummets Amid Middle East Crisis

Cryptocurrency traders suffered over $100 million in liquidation losses as digital asset prices plummeted amid escalating tensions in the Middle East. Long positions worth $105 million were wiped out, with ETH derivatives traders experiencing the largest losses. Bitcoin, ether, solana, Polygon's native token, and Polkadot all saw significant declines before rebounding slightly. Liquidations occur when traders fail to meet margin requirements or lack sufficient funds to keep positions open.

via CoinDesk|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

Crypto Market Plunges, Causing $1B in Liquidations and Short Squeeze Alert

Cryptocurrency traders experienced $1 billion in liquidations as digital-asset markets suffered a significant sell-off, with bitcoin dropping to a two-month low. Over $821 million of long positions were wiped out, with bitcoin traders enduring the largest losses at $472 million, followed by ether at $302 million. This marked the highest level of bitcoin liquidations in a single day since June 2022. The sell-off was driven by various factors, including financial market jitters, concerns over Chinese economy, and rising bond yields.

via CoinDesk|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

Crypto Market Sees Mixed Trading with Gains for Bitcoin and Ethereum.

Major cryptocurrencies traded mixed as investors weighed the impact of US and European central bank interest rates. The global cryptocurrency market capitalization stood at $1.20 trillion, an increase of 0.13% over the last day. With the upcoming release of Friday’s US employment numbers, there is a heightened interest in how it will affect the price of cryptocurrency. Crypto traders are divided on the future of Bitcoin, with some suggesting that the failure of banking institutions can be a positive sign for BTC, while others predict a new yearly high in May 2023.

via Benzinga|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

The Macro Forces Driving Crypto Beyond Bitcoin's Rise After Fed Rate Hike.

Bitcoin and other cryptocurrencies rose after the Federal Reserve's latest monetary policy decision, but Bitcoin has stalled below a key level. Crypto traders are closely watching inflation data due next week, with expectations coalescing around the idea that it may take a shockingly hot inflation print for the Fed to execute another rate hike. While macroeconomic factors will remain influential for moves across cryptos, other market observers continue to focus on the regulatory backdrop for digital assets in the U.S. Bitcoin still remains anchored, unlikely to rally above the $30,000 level until the U.S. gets some regulatory clarity.

via Barron's|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

"Crypto Traders Monitor CPI for Bitcoin's Next Move"

Crypto traders are closely watching inflation data as a possible catalyst for the next leg upward for Bitcoin and other cryptocurrencies, which have remained at some of the highest levels since last summer. Bitcoin's price has risen 1.5% over the past 24 hours to $28,325, and its rally has spurred calls for a new crypto bull market, with the largest digital asset up some 70% so far this year.

via Barron's|
#bitcoin#bull-market#crypto-traders
cryptocurrency2 years ago

Crypto Traders Warn of Unsustainable Rise in Dog-Themed Tokens, Predict DOGE Explosion and Top Altcoins to Watch.

Tokens based on the Shiba Inu dog breed, such as shiba inu (SHIB), floki (FLOKI), kishu inu (KISHU), and baby dogecoin (BABYDOGE), have seen a surge in prices after Twitter replaced its logo with Dogecoin's Shiba Inu mascot. However, some crypto traders warn that such rises are unsustainable and not indicative of a long-term bull run. While there could still be long-term growth for these tokens if fundamental features strengthen, such as the launch of Shibarium and the growing recognition of Dogecoin by Twitter and the payment world, the sentiment for memecoins is not new and the growth may fade off in a few days.

via CoinDesk|
#crypto-traders#cryptocurrency#mainstream-adoption
cryptocurrency2 years ago

Ether Emerges as Top Contender Amid Bitcoin Rally.

While Bitcoin and other cryptocurrencies continue to rise, traders are focusing on Ether ahead of an upcoming update to its blockchain network that may disrupt markets. Bitcoin has risen 1% over the past 24 hours to around $28,550, remaining near the highest levels since last summer. However, Ether, the second-largest crypto, is gaining attention from traders due to its potential market disruption.

via Barron's|
#bitcoin#blockchain#crypto-traders
cryptocurrency2 years ago

Ether Emerges as Top Contender Amid Bitcoin Rally.

While Bitcoin continues to surge, crypto traders are turning their attention to Ether ahead of the upcoming "Shanghai Hard Fork" upgrade to the Ethereum blockchain network. Ether has outperformed Bitcoin in the past week, with prices rising 3% to over $1,900. The upgrade is expected to make staking easier, which could support prices, but may also cause selling pressure as some investors exit their positions. Altcoins like Cardano and Polygon have also seen gains, while memecoins like Dogecoin and Shiba Inu have weakened.

via Barron's|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

Bitcoin traders await inflation data to confirm new bull market.

Bitcoin and other cryptocurrencies have remained stable over the weekend, but the recent rally in digital assets seems to be fading. The price of Bitcoin has risen less than 1% over the past 24 hours to $27,850, remaining shy of a recent peak near $29,000. Crypto traders may have to wait until Friday for the next major catalyst, and the $30,000 level is still seen as key after a rally that has carried Bitcoin up from around $16,500 since the start of the year.

via Barron's|
#bitcoin#crypto-traders#cryptocurrency
cryptocurrency2 years ago

Bitcoin and Cryptocurrencies Rally Ahead of Fed Decision.

Bitcoin and other cryptocurrencies have risen ahead of the latest Federal Reserve monetary policy decision, with traders anticipating a potential catalyst that could push prices above key bear market levels. Despite a bumpy start to March, Bitcoin has resumed its rally and is up from around $16,500 at the start of the year, prompting widespread calls of a new bull market.

via Barron's|
#bitcoin#bull-market#crypto-traders