Prices of major cryptocurrencies have been on a steady decline over the past few days, and Bitcoin recently hit a two-month low. It has left investors and analysts wondering if pro traders had been given time to prepare and take advantage of the market.
Yesterday, an unidentified trader reportedly lost $55M after placing a large long position on Ether. The trader’s reckless gamble has shaken market expectations of crypto volatility and is likely to have caught the attention of institutional players.
Bitcoin NFT trading volumes have declined drastically, with a 98% drop since May according to data from DappRadar. The decline has been felt across the industry, leaving traders questioning the sustainability of the NFT market.
As Bitcoiners go on a wild ride of discovery, they find new freedom as they explore the decentralized nature of cryptocurrency. Together, they learn the power of financial autonomy and personal sovereignty.
New documents obtained by “The Post” show that President Trump has extensive crypto investments far beyond the $30 million reported earlier this year. Sources close to the president believe the investments could exceed $150 million.
Experts speculate that the massive crash in XRP prices was caused by a high level of speculation among investors and ongoing concerns regarding its status as an unregistered security.
Crypto investors now have another way to trade with the added possibility of trading XRP options on the BIT Exchange. Investors are able to gain exposure to the digital asset, leading to increased liquidity and more trading options.
McDonald’s is taking a leap into the rapidly growing world of cryptocurrency and blockchain technology with the launch of its new “Grimace Forever” NFTs. The series offers fans a chance to enjoy a free personalized digital asset featuring its iconic character Grimace, that can’t be traded or exchanged.
As crypto speculation fades away, Canadians are choosing to focus on investing in cryptocurrencies for the long-term, according to Coinbase Canada Country Head, Veerbhan Kheterpal. He believes the market is now becoming more mature.
Open interest in Ethereum futures has seen a surge in recent weeks, with investors seeking profit from long and short positions. As the surge continues, questions arise as to whether shorts are piling up, indicating a bearish outlook in the near future.