The Bitcoin notional open interest (OI) in BTC futures and perpetual futures is a key indicator of market sentiment which has declined by roughly 18%, dropping from $37 billion to $30.2 billion in just one month, the open interest in BTC terms has remained stable. The Bitcoin Notional Open Interest This decline has occurred alongside […]
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With the worsening US inflation outlook, Bitcoin swift drop after a rapid surge to $61,000 exacerbated the existing negative market sentiment, pushing the price to local lows of $60,561 on centralized exchanges, erasing gains made over the weekend. https://coinmarketcap.com/currencies/bitcoin Bitcoin Swift Drop to $61K Data from TradingView revealed that Bitcoin’s price began to gradually recover
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CleanSpark Bitcoin mining capacity doubled, amassing over $4B in assets. In an era where many tech companies chase the latest trends, CleanSpark, a Bitcoin mining firm, is steadfastly focusing on its strengths. Based in Nevada, CleanSpark recently announced remarkable achievements in its Bitcoin mining operations. https://www.cleanspark.com CleanSpark Bitcoin Mining Capacity CleanSpark mined an impressive 445
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Ethereum co-founder unveils revolutionary features to speed up ETH transactions. The new feature, known as Single Slot Finality (SSF), aims to make Ethereum transactions nearly instantaneous by streamlining the consensus-building process on the network. ETH Transactions With Ethereum’s ongoing development, Vitalik Buterin’s latest announcement underscores the continuous efforts to enhance efficiency and scalability. The debut
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Bitcoin ETFs record breaking inflows suggest growth in the ETF market. On July 1, 2024, bitcoin ETFs experienced a notable surge in net inflows, totaling $129 million. This significant influx of capital underscores a bullish sentiment within the sector, reflecting strong investor confidence. Bitcoin ETFs record breaking inflows Remarkably, no U.S. Bitcoin ETFs reported outflows
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The Bitcoin surge soon after Solana climbs towards $150 is under discussion by the investors. Bitcoin is making strides to reclaim the significant $63K level, while Solana (SOL) surged nearly 5% daily. Bitcoin Surge beyond $63K As the new week begins, the entire cryptocurrency market is attempting a recovery, with its total capitalization nearing the
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The government is in discussion about incorporating cryptocurrencies into tax systems. Today, Minister of Treasury and Finance Mehmet Şimşek announced that the government intends to integrate cryptocurrencies into the tax framework in the near future. https://coinmarketcap.com Cryptocurrencies into Tax Systems The current legislative package does not address cryptocurrencies, the forthcoming package will specifically include them.
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Bitcoin is expected to set for growth as the Japanese Yen reaches record low. A month ago, Arthur Hayes, founder of BitMEX exchange, expressed optimism about the weakening Japanese Yen (JPY), viewing it as a potential catalyst to inject liquidity and boost Bitcoin [BTC] and the broader crypto market. Japanese Yen Reaches Record Low On
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Solana ETF Market Talks Soars SOL Price by 6%. Solana has reversed its downward trend, thanks to the buzz surrounding VenECK’s recent Spot Solana ETF filing. The main goal remains to approach its all-time high of $260.06, a target that has been out of reach for three years. Solana ETF Market Talks As one of
Solana ETF Market Talks Soars SOL Price by 6%, New All-Time High on the Horizon? Read More »
Bitcoin approaching Euphoria threshold as indicated by the On-chain data. This crucial level is determined by multiplying the Realized Price for long-term holders (LTH). Bitcoin Approaching Euphoria Threshold Bitcoin is trading close to a critical level that historically marks the boundary of the market’s ‘euphoria’ phase. According to the latest weekly report from Glassnode, Bitcoin’s
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Crypto ETFs and ETPs attract $2.2 Billion in inflows in May. According to ETFGI, an independent research firm, crypto exchange-traded funds (ETFs) and exchange-traded products (ETPs) listed globally experienced significant inflows of $2.2 billion during May. Crypto ETFs and ETPs This marks a stark increase compared to the same period last year, where inflows totaled
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