Markets


Markets

Interest Surges in Bitcoin Speculation, But It Might Be Bearish

Open interest in bitcoin perpetual swaps – a type of leveraged trading contract in cryptocurrency markets – has spiked to an all-time high.

Open interest in bitcoin perpetual swaps spiked to an all-time high of 450,000 BTC on Tuesday. (Arcane Research)

Markets

Decentralized Exchange Token GMX Surges After Binance, FTX Listings

GMX gained popularity for defying this year’s crypto rout, and it nearly hit its previous all-time high after the listings news.

(Midjourney/CoinDesk)

Markets

Market Wrap: Markets Seem Hopeful the Fed Will Temper Rate Increases That Crushed Prices

Unexpectedly poor data on U.S. job creation spurs speculation the worst of the bear market may be over.

(Midjourney/CoinDesk)

Markets

First Mover Americas: Bitcoin Busts Past $20K on Hopes of Fed Pivot

The latest price moves in crypto markets in context for Oct. 4, 2022.

Bitcoin surged above $20,000 on Tuesday. (Aaron Burden/Unsplash)

Markets

Bitcoin Gains Momentum on Fed Pivot Narrative, but Some Banks Anticipate Dollar Rebound

Bitcoin rose above $20,000 soon before press time, extending Monday's "ISM-induced" gains as dollar continued to lose ground.

Bitcoin rose past $20K during European hours. (Highcharts.com/CoinDesk)

Markets

Shares in Grayscale's Bitcoin Trust Trade at 36% Discount to Fund's NAV

The shares first slipped into the discount category in February 2021 primarily due to alternatives like ETFs becoming available in Canada and Europe.

The GBTC discount widens to a new record high. (m./Unsplash)

Markets

Luna Classic, Remnant of Terra Collapse, Drops After Underwhelming Binance Burn Mechanism Data

Binance’s scheme destroyed only 0.08% of LUNC’s bloated supply, too minuscule to have a lasting impact on the hyperinflated token.

(Wikimedia Commons)

Markets

Market Wrap: Bitcoin and Ether Kick Off Week in Positive Territory

“Whale” investors moved a large amount of bitcoin off exchanges, which is often a bullish signal, showing investors are more interested in holding on to their bitcoin.

“Whales” are removing BTC from exchanges en masse. (Nitesh Jain/Unsplash)

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