Why Bitcoin’s perpetual swaps volume crashed by 52% over the past 30 daysBTC $9595 (+2.3%) • ETH $243 (+5.6%) • XRP $0.19 (+1.1%)
Active traders utilizing margin appear to be moving to the sidelines as Bitcoin continues trading sideways. This trend is clear while looking towards the cryptocurrency’s perpetual swaps volume, which have declined by over 52 percent over the past 30 days. This decline has come about in tandem with Bitcoin’s price settling within the lower-$9,000 region, and this could be contributing to the market’s persistent bout of sideways trading. Because the benchmark crypto’s price action remains firmly controlled by active retail traders, watching to see when this trend starts shifting could offer significant insight into when Bitcoin will begin breaking out of its multi-week consolidation pattern.
More news ⏬Infamous $2 billion crypto scam PlusToken just moved millions worth of EOS and XRP
It’s been many months since PlusToken, the $2+ billion Bitcoin scam, has out of the cryptocurrency news cycle. Thanks to our premium sponsors⭐️ Phemex - Phemex is a Singapore-based and fastest cryptocurrency and derivatives exchange. It supports six trading pairs with up to x100 leverage. ⭐️ Bitamp - Bitamp is an open-source, client-side, free Bitcoin wallet that allows you to send and receive Bitcoin securely on the blockchain. ⭐️ Switchere- Switchere is a safe, licensed & non-custodial crypto exchange where you can sell & buy crypto with credit card instantly. ⭐️ Cred - Cred is a global financial services platform serving customers in 183 countries. ⭐️ OKCoin - OKCoin is one of the world’s first and largest regulated crypto exchanges, with millions of users in more than 100 countries around the world. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. DigiByte (DGB) sees its price surge 35% after Binance listing
Blockchain network Digibyte (DGB) has seen the price of its native token DGB skyrocket after it was listed on Binance earlier today. Interview: How NFTs can be the crypto market’s “killer app”
Ever since Ethereum gained prominence in 2015, developers in the cryptocurrency space have considered gaming applications as a perfect fit for digital assets. Cardano (ADA) trading volume craters as on-chain data points to weakness
Cardano (ADA) has seen some intense gains over the past few months, with its recovery from its March lows far outpacing that seen by both Bitcoin and most of its other peers. SEC’s Bitcoin-skeptical chair may soon be replaced, boosting crypto
One of the most pressing questions crypto investors have wanted an answer to is when Bitcoin will get an exchange-traded fund. Ethereum co-founder rings caution bell on DeFi surge; critics reminded of ICO boom
Decentralized Finance (DeFi) applications are becoming what ICOs were in 2017-18 and what stablecoins were in 2019. Research firm: XRP is in a bear trend—and it may just be the start
From the lows of March, all leading cryptocurrencies are up dramatically. Why this venture capitalist thinks crypto could be the world’s most reliable macro-indicator
The crypto industry has been seeing a tremendously clear and well-defined evolutionary shift in recent times, with Bitcoin’s price action seen in the time following its mid-March meltdown largely favoring buyers despite there being turbulence in the global markets. “Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats
A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
If you liked this post from CryptoSlate, why not share it? © 2020 Zenzio Incorporated Unsubscribe
|
segunda-feira, 22 de junho de 2020
Assinar:
Postar comentários (Atom)
Why Bitcoin’s perpetual swaps volume crashed by 52% over the past 30 days