Bitcoin’s nearly $12 billion open interest shakeout earlier this month might be just the catalyst needed for the asset to regain its upward momentum, according to a crypto analyst. “This can be considered as a natural market reset, an essential phase for sustaining a bullish continuation,” CryptoQuant contributor DarkFost said in a March 17 markets…
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Toncoin Open Interest (OI) has jumped 67% over the past 24 hours following Telegram founder Pavel Durov’s reported departure from France, where he had been required to stay since his arrest six months ago. On March 15, Toncoin (TON) OI — a metric tracking the total number of unsettled Toncoin derivative contracts such as options…
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A technology investor who backed ridesharing app Uber in its early days has sparked backlash from the Bitcoin community after claiming Bitcoin will inevitably be replaced by something better. “Bitcoin has been a wonderful game, but with a couple giant players cornering the market, the timing is right to “build a better Bitcoin” — restarting…
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10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent much of the year consolidating after hitting all-time highs early on. “Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024, where it reached an all-time high…
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The major disconnect between crypto traders’ growing short-term market uncertainty and crypto builders becoming more bullish than ever creates a prime setup for long-term investors, according to a crypto hedge fund founder. “This is one of the starkest divergences I’ve seen in sentiment and fundamentals,” BlockTower Capital founder Ari Paul said in a March 14…
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David Sacks and his venture capital firm offloaded over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million…
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A White House memorandum revealed that David Sacks and his venture capital firm sold more than $200 million in cryptocurrency and crypto-related stocks before he assumed his role as the White House AI and crypto czar. “You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which…
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Bitcoin must close the week above $89,000 to signal an end to the short-term downtrend, says a crypto analyst. “The only way for Bitcoin to confirm that the bottom is actually in would be to close a weekly back above $89K,” crypto analyst Matthew Hyland said in a video posted to X on March 13.…
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Ethereum’s value against Bitcoin has hit its lowest level since mid-2020, with a crypto trader suggesting that it might be time to shift into higher-performing altcoins. “If still stuck on ETH, it is likely a good time to dump it to buy a higher beta altcoin,” economist and crypto trader Alex Kruger said in a…
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Bitcoin buyers who purchased around when it hit a $109,000 all-time peak in January are now panic-selling as the cryptocurrency declines, says onchain analytics firm Glassnode, which isn’t ruling out that Bitcoin could slide to $70,000. Glassnode said in a March 11 markets report that a recent sell-off by top buyers has driven “intense loss…
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