Cryptocurrency

ETPs are investment funds whose notes or shares are designed to track the price of a particular asset. In the case of crypto ETPs, they usually track the price of large market-cap cryptocurrencies such as Bitcoin (BTC) or Ether (ETH). Some investors prefer to get exposure to crypto prices through funds rather than holding these assets themselves, as shares of these funds can be held in a traditional brokerage account.Continue Reading on Cointelegraph More

Shin left Terraform in 2020 “for business reasons,” his lawyer told the court. Shin was the CEO of Chai, a payments technology company that partnered with Kwon to form Terraform in 2019. According to Chosun Biz, the lawyer added:Continue Reading on Cointelegraph More

The liquidity level between $1.33 and $1.35 has historically served as an attractive entry point for OP bulls, while the barrier range from $1.40 to $1.46 has proven to be a profit-taking zone for short-term investors. The future trajectory of OP’s current range trend is closely tied to Bitcoin’s ability to breach the $35K threshold prior to the Federal announcement.For OP to successfully break out from its near-term range pattern, it must overcome hurdles at price points of $1.50 and $1.59. Failure to do so could trigger a bearish downturn, directing the digital currency toward its reliable support floor between $1.26 and $1.28.Market indicators such as the Chaikin Money Flow and On-Balance-Volume (OBV) highlight above-average capital inflows and spot market demand for OP. These indicators suggest near-term liquidation of around $1.67M on each side.As investors watch for the Federal decision on interest rates, the performance of OP and other cryptocurrencies may be significantly influenced by these macroeconomic events and market sentiments, underscoring the interplay between traditional financial markets and digital assets.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

The trading activities also encompassed an uptick in both put and call sales and buys. This resulted in the closure of previous sell positions and an increase in short-term implied volatility. The latter suggests an anticipation of heightened price volatility in the near future.This bullish trend in Ethereum contrasts with a CoinShares report that indicated $6 million outflows from the second-largest cryptocurrency. This occurred despite an overall optimistic sentiment towards Bitcoin causing inflows into altcoins.In related news, Ethereum co-founder Vitalik Buterin reportedly saw weekly gains of $42 million. At the same time, MATIC, a digital currency, experienced a 4% slide. Polygon, a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, introduced a new token contract on the Ethereum platform.This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. More

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations.Continue Reading on Cointelegraph More

A golden cross is a chart pattern in which a shorter-term moving average, usually the daily MA 50, crosses over a longer-term moving average, usually the MA 200, indicating a rising bullish trend.A golden cross suggests that short-term price momentum is outpacing long-term price momentum, which could lead to a bull run. Bitcoin surged 30% in two weeks, reaching levels above $35,000 for the first time since May 2022.Expectations that the U.S. Securities and Exchange Commission will allow exchange-traded funds to invest directly in Bitcoin drove the largest cryptocurrency by market value to a high of $35,157 on Oct. 27—its highest level in roughly 18 months.Despite profit-taking in the previous week, Bitcoin enjoyed a rebound over the weekend and may mark its third day in the green. was up 0.59% in the last 24 hours to $34,640 at the time of writing.According to , the Bitcoin market value to realized value (MVRV) ratio reveals that, despite reaching yearly highs, Bitcoin is not as overheated yet as during previous bull markets.Historically, Bitcoin bull markets have peaked at 300%+ MVRV, which, when compared to the current figure, indicates that the bull market has room to run even further.According to a recent analysis, Bitcoin is seeing increased interest among indirect investors.This is due to the Fund Holding index recently reaching its highest level in two months. This index, which measures the total quantity of coins held by digital asset-holding entities such as trusts, rose dramatically in response to news of probable Bitcoin ETF approval in the United States.This article was originally published on U.Today More

VanEck was the most recent firm to amend its spot Bitcoin ETF application on Oct. 27 and financial firms such as BlackRock (NYSE:BLK) have followed the Securities and Exchange Commission’s request in adding surveillance-sharing agreements over the last few months.Continue Reading on Cointelegraph More

The MAS officially announced on Oct. 30 that it is partnering with the Financial Services Agency of Japan (FSA), the Swiss Financial Market Supervisory Authority (FINMA) and the United Kingdom’s Financial Conduct Authority (FCA) to promote joint digital asset pilots. The authority specifically seeks to carry out such pilots in relation to fixed income, foreign exchange and asset management products. Continue Reading on Cointelegraph More