Why did 12K Bitcoin margin longs close at Bitfinex, and why didn’t it impact BTC price?

by webwriter | Apr 1, 2023 | Bitcoin News

Since May 2022, the Bitcoin (BTC) margin markets on the Bitfinex exchange have been plagued by an unusually high open interest of over $2.7 billion. This information alone should raise a red flag, especially in light of Bitcoin’s price decline from $39,000 to...

Bitcoin price hits $28.5K on PCE data as macro ‘accumulation zone’ ends

by webwriter | Mar 31, 2023 | Bitcoin News

Bitcoin (BTC) recovered recent losses at the March 31 Wall Street open as traders looked for a strong monthly close.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPCE delights risk assets as with BTC price up $1,000Data from Cointelegraph Markets Pro and...

3 reasons why Bitcoin bulls are well positioned to profit from this week’s $4.2B options expiry

by webwriter | Mar 31, 2023 | Bitcoin News

Regulation continues to be the primary concern for Bitcoin bulls, especially after the Commodity Futures Trading Commission (CFTC) sued Binance for trading and derivatives law violations. The regulator wants Binance to repay the trading profits, revenues, salaries,...

Bitcoin touches $29K! Why BTC is unaffected by regulatory pressure

by webwriter | Mar 30, 2023 | Bitcoin News

In this week’s episode of Market Talks, Cointelegraph welcomes Brent Xu, founder and CEO of Umee — a decentralized finance hub built on the Cosmos SDK that offers tools for macro-level borrowing and lending applications. Before founding Umee, Xu led strategy at...

Bitcoin spikes above $29K as ‘fakeout’ fuels BTC price strength doubts

by webwriter | Mar 30, 2023 | Bitcoin News

Bitcoin (BTC) set new nine-month highs overnight on March 30 as traders continued to stay cautious.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“Deviation” takes BTC’s price closer to $30,000Data from Cointelegraph Markets Pro and TradingView showed...

Shrapnel wows at GDC, Undead Blocks hot take, Second Trip – Cointelegraph Magazine

by webwriter | Mar 30, 2023 | Bitcoin News

Shrapnel: The game at GDC everyone’s talking about As the annual Game Developers Conference in San Francisco came to a close last week, there was one game that stood out from the rest. Shrapnel, a highly anticipated first-person shooter in the Web3 space, was the talk...