Tag: cryptocurrency

According to recent technical analysis, Ethereum (ETH) may be gearing up for a major breakout that could propel the cryptocurrency close to the $4,200 mark. Meanwhile, ETH continues to attract growing institutional interest, with Ethereum exchange-traded funds (ETFs) outperforming their Bitcoin (BTC) counterparts. Ethereum Headed For A Breakout? In a recent X post, noted crypto…

A sharp escalation in Middle East tensions sent shockwaves through global financial markets in the early Asian trading hours, triggering a significant spike in oil prices and prompting a flight to safety. Bitcoin (BTC) was not immune to the turmoil, experiencing a notable price drop as traders scrambled for downside protection, evidenced by a dramatic…

Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next…

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. As Asia begins its trading day, all major cryptocurrencies are down…

Bitcoin’s BTC hort-term options skew crashed during the early Asian hours as traders sought downside protection amid escalating tensions in the Middle East, which triggered a sharp rise in oil prices The seven-day skew, which measures the relative richness of Deribit-listed BTC calls to puts, slid to -3.84%, the lowest since April 16, according to…

The Tron (TRX) Sharpe Ratio suggests the cryptocurrency’s price may be far from overheating, a sign that the coin could have more upside potential. Tron Sharpe Ratio Is Still Significantly Below Overheating Zone In a CryptoQuant Quicktake post, an analyst has talked about the latest trend in the Sharpe Ratio of Tron. The “Sharpe Ratio”…

Bitcoin price started a fresh decline below the $105,500 zone. BTC is now consolidating and struggling to stay above the $103,200 support. Bitcoin started a fresh decline below the $106,500 and $105,500 levels. The price is trading below $106,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with…

Bitcoin BTC has substantially added to earlier losses, now down more than 4% over the past 24 hours to $103,900 as Israeli forces have bombed targets in Tehran, the capital of Iran. Axios first reported that Israel had conducted an operation inside Iranian airspace, citing unnamed sources, with Al-Jazeera later confirming that explosions were heard…