Bitcoin drops below $54K, stocks sell-off after new Covid variant emerges
Bears took control of BTC price after options markets flashed bearish signals, but should traders be worried? Go to Source Powered by WPeMatico
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Los Angeles Angels’ Shohei Ohtani Joins FTX’s Global Ambassadors, MLB Superstar to Be Paid in Crypto
The cryptocurrency firm FTX Trading Ltd. announced on Tuesday that the Major League Baseball (MLB) legend Shohei Ohtani also known as “Shotime” has joined the company’s global ambassadors. According to the announcement Ohtani will be paid in cryptocurrencies and will acquire an equity stake in the crypto company. Angels’ Shotime Joins FTX At the end … Read more
Traders watch for a trend reversal after Ethereum price drops to $4,100
ETH’s 13% drop to $4,100 led to $200 million in futures liquidations, but pro traders still have reason to stay long and strong. Go to Source Powered by WPeMatico
Bitcoin has stalled, but here’s why pro traders still expect $80K by January
Bitcoin price is hitting resistance while trading 7.75% below its all-time high, but derivatives data shows pro traders are still aiming for $80,000 by January. Go to Source Powered by WPeMatico
Look out below! Dogecoin risks further downside after a key support is tested
Some analysts point to Binance’s pause on DOGE withdrawals as the catalyst for the altcoin’s pullback, but data suggests overheated derivatives markets may have been a factor. Go to Source Powered by WPeMatico
SEC Rejects Vaneck Bitcoin Spot Market ETF Over Price Manipulation Concerns
On Friday, November 12, the U.S. Securities and Exchange Commission (SEC) rejected Vaneck’s bitcoin spot market exchange-traded fund (ETF). The U.S. regulator noted that the denial was due to the lack of prevention toward “fraudulent and manipulative acts and practices.” SEC Turns Down Spot Market ETF – US Regulator Believes There Should be More Manipulation … Read more
Bitcoin derivatives markets ‘healthier’ than in Q1, says research after fresh leverage shakeout
A lot has changed in half a year among derivatives, and Bitcoin price gains are more sustainable as a result, new analysis reasons. Go to Source Powered by WPeMatico
Google invests $1B in CME Group along with 10-year Cloud deal
CME Group chair and CEO Terry Duffy said the investment and partnership would help the company “transform derivatives markets through technology, expanding access and creating efficiencies for all market participants.” Go to Source Powered by WPeMatico
Data shows Polkadot crashes after reaching $1B open interest — Will it happen again?
DOT price crashed both times after its futures open interest clipped $1 billion. Should traders expect a correction now that OI is over this figure? Go to Source Powered by WPeMatico
Derivatives Exchange Giant CME Group Announces Micro Ethereum Futures Launch
On Tuesday, the world’s largest financial derivatives exchange, Chicago Mercantile Exchange (CME) Group, announced the upcoming launch of ethereum-based micro futures slated to be listed on December 6. The launch follows CME Group’s bitcoin micro futures listing in May, which saw 100,000 micro bitcoin futures traded during the first six days after launch. CME to … Read more
