Any dip buyers left? Bulls are largely absent as the total crypto market cap drops to $1.65T
Weak retail demand and bearish derivatives data reflect a dismal short-term outlook for the crypto market. Go to Source Powered by WPeMatico
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Spanish Securities Regulator Orders Binance to Stop Offering Cryptocurrency Derivatives
The Spanish securities regulator, the CNMV, has ordered Binance to stop offering cryptocurrency derivative products to customers in the country. According to local media, the crypto exchange giant has followed the orders of the regulator, withdrawing these products from its customers in Spain. Spanish Securities Regulator Sets Eyes on Binance The CNMV, which is the … Read more
Descending channel pattern and weak futures data continue to constrain Ethereum price
ETH derivatives metrics and technical analysis point toward further downside for Ethereum price. Go to Source Powered by WPeMatico
Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?
$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears. Go to Source Powered by WPeMatico
3 reasons why Bitcoin price is clinging to $38,000
BTC is in a lengthy downtrend but three key price metrics explain why traders are confident that the $38,000 level will hold. Go to Source Powered by WPeMatico
Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K
BTC price continues to trade in a wide range, providing an opportunity for options traders to use the Iron Condor strategy. Go to Source Powered by WPeMatico
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month
Digital currency markets have been tumultuous during the past month as bitcoin shed 15.43% and ethereum dropped 17.49% against the U.S. dollar. Moreover, crypto spot volumes are down 18.95% lower than the month prior, and both futures and options volumes were down in April as well. Lower than average trade volumes typically suggest overall interest … Read more
FTX executive Wetjen calls CFTC application an opportunity for the agency to innovate
Former CFTC head Giancarlo said a “central bank mindset” is holding crypto back, and Wetjen saw the need for more entrepreneurialism in regulatory agencies. Go to Source Powered by WPeMatico
Synthetix (SNX) rallies in anticipation of L2 Curve Wars and Optimism airdrop announcement
SNX price got a boost after the project geared up for participation in the L2 Curve Wars and Optimism airdrop hunters engaged with the protocol. Go to Source Powered by WPeMatico
Here’s why Bitcoin bears aim to pin BTC under $39K ahead of Friday’s $1.9B options expiry
Holding BTC price below $39,000 will give bears a $350 million profit in this week’s $1.9 billion options expiry. Go to Source Powered by WPeMatico