Cointelegraph By Marcel Pechman
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CME Bitcoin futures hit record high, but uncertainty looms above $36K
Cointelegraph By Marcel Pechman - 0
Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.Bullish momentum on CME...
Ethereum futures premium hits 1-year high — Will ETH price follow?
Cointelegraph By Marcel Pechman - 0
Ether (ETH) price has declined by 14.7% since its peak at $2,120 on April 16, 2023. However, two derivatives metrics indicate that investors have not felt this bullish in over a year. This discrepancy warrants an investigation into whether the recent optimism is a broader response to Bitcoin...
Bitcoin futures data highlight investors’ bullish view, but there’s a catch
Cointelegraph By Marcel Pechman - 0
Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse recovery period and is also...
The mega-cap tech stocks, which saw a robust start in 2023, are now grappling with massive trillion-dollar losses, leaving their shareholders concerned. Wall Street's unease over surging bond yields and higher interest rates has cast a shadow on these companies. Traders are now pondering the potential impact on...
Bitcoin options data highlights traders’ belief in further BTC price upside
Cointelegraph By Marcel Pechman - 0
The recent gains are a rare sight in 2023, even considering Bitcoin's impressive 108% year-to-date performance. Notably, the last instance of such price action occurred on March 14 when Bitcoin surged from $20,750 to $26,000 in just two days, marking a 25.2% price increase.It's worth noting the significance...
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?
Cointelegraph By Marcel Pechman - 0
The Chainlink’s (LINK) token surged by a substantial 61.3% from Oct. 20 to Oct. 25, reaching a peak of $11.78 and marking its highest point since May 2022. LINK price then stabilized around $10.50, prompting investors to question the sustainability of this new price level.Interestingly, the previous peak...
Bitcoin price chases after $35K as BTC derivatives data signals fresh inflow
Cointelegraph By Marcel Pechman - 0
Bitcoin’s (BTC) price action is the talk of the town this week, and based on the current sentiment expressed by market participants on social media, one could almost assume that the long-awaited bull market has started.As Bitcoin’s price rallied by 16.1% between Oct. 22 and Oct. 24, bearish...
SBF and Caroline Ellison conspired to keep Bitcoin under $20K, but did it work?
Cointelegraph By Marcel Pechman - 0
On Oct. 11, Caroline Ellison, the former head of the now-defunct Alameda Research, informed a U.S. court that she received instructions from FTX's co-founder and CEO, Sam "SBF" Bankman-Fried, to sell Bitcoin (BTC) if its price remained above $20,000. This admission came as a shock to the entire crypto...
Ethereum price drops to a 7-month low as data points to more downside
Cointelegraph By Marcel Pechman - 0
Ether (ETH) price experienced a 7% decline between Oct. 6 and Oct. 12, hitting a seven-month low at $1,520. Although there was a slight rebound to $1,550 on Oct. 13, it appears that investor confidence and interest in Ethereum are waning, as indicated by multiple metrics.Some may argue...
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event?
Cointelegraph By Marcel Pechman - 0
Since September, Chainlink (LINK) price has gained more than 25%, outperforming Bitcoin (BTC), Ethereum (ETH) and most altcoins. Currently, the project is the leading decentralized blockchain oracle solution and ranks 15th in terms of market capitalization when excluding stablecoins. In September, LINK's price surged by an impressive 35.5%, but...