markets

Understanding Prediction Markets: How Betting Against the Polymarket Whale Can Lead to Rewards for U.S. Users

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Understanding Prediction Markets: How Betting Against the Polymarket Whale Can Lead to Rewards for U.S. Users

No, Polymarket Whales Aren’t Evidence of Prediction Market Manipulation The market reflects all available information and is not “wrong,” but individuals can still benefit by correctly disagreeing with it through betting. U.S. users can still participate in prediction markets like Polymarket by betting against the whale who may have inflated the price of a Trump … Read more

Speculative Trading on NFTs and Bitcoin on the Rise: On-Chain Indicators for Retail Participation in Cryptocurrency Markets

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Speculative Trading on NFTs and Bitcoin on the Rise: On-Chain Indicators for Retail Participation in Cryptocurrency Markets

Speculative trading on-chain, involving inscriptions on bitcoin or transactions with NFTs on ether, is a retail participation indicator. High fee levels in bull markets suggest increased on-chain speculation, as seen in the 2021 market peak. Currently, NFT gas usage on ether is only at 2%, compared to 40% in 2021, according to Glassnode data. This … Read more

Bitcoin (BTC) Surges Past $47,000 as CoinDesk 20 Index Adds 4% | Chinese New Year Boosts Crypto Trading

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Bitcoin (BTC) Surges Past ,000 as CoinDesk 20 Index Adds 4% | Chinese New Year Boosts Crypto Trading

Bitcoin (BTC) Seen Topping $50K This Weekend Bitcoin (BTC) rose for a fifth day, reaching over $47,000 early Friday and surpassing a one-month high. The uptick in price occurred as East Asia celebrated the Chinese new year of the dragon, which is considered a lucky period according to the Chinese Zodiac. The word for dragon … Read more

ARK Invest Sells 2.2 Million Shares of ProShares Bitcoin Trust ETF and Buys 1.5 Million Shares in ARK 21 Shares Bitcoin ETF

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ARK Invest Sells 2.2 Million Shares of ProShares Bitcoin Trust ETF and Buys 1.5 Million Shares in ARK 21 Shares Bitcoin ETF

Bitcoin Price (BTC) Regains $41K in End of Week Rally ARK Invest has sold over 2.2 million shares of the ProShares Bitcoin Trust ETF and bought 1.5 million shares of the ARK 21 Shares Bitcoin ETF. They sold the ProShares Bitcoin Trust ETF as part of a short-term play strategy and in anticipation of the … Read more

Ethereum (ETH) Poised for 2024 Surge with Potential ETF Listing, Says Coinbase Analysts

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Ethereum (ETH) Poised for 2024 Surge with Potential ETF Listing, Says Coinbase Analysts

dYdX Beats Uniswap, Bitcoin Outlook Dour Analysts at Coinbase predict that Ether (ETH) could see significant growth in 2024, driven by hopes of a spot ETH ETF listing. Following the recent approval of bitcoin ETFs in the U.S., ETH reached its highest price since May 2022. Firms like BlackRock and VanEck, who were behind BTC … Read more

JP Morgan Says Uncertain How Much Capital Spot Bitcoin ETFs Will Attract

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JP Morgan Says Uncertain How Much Capital Spot Bitcoin ETFs Will Attract

Bitcoin Pulls Back to $42K; Venezuela Shutters Petro Crypto Project J.P. Morgan’s research report suggests that the approval of new spot bitcoin exchange-traded funds (ETF) by the U.S. Securities and Exchange Commission may not attract as much fresh capital as some market participants anticipate. Although the amount of new capital these ETFs will attract is … Read more

Uncover the Secrets of Quatloo: The New Cryptocurrency Taking the Markets by Storm!

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Uncover the Secrets of Quatloo: The New Cryptocurrency Taking the Markets by Storm!

Uncover the Secrets of Quatloo: The New Cryptocurrency Taking the Markets by Storm! In recent years, the cryptocurrency market has seen a surge in popularity and investment. While Bitcoin and Ethereum have dominated the market for a long time, a new player has quickly entered the scene and is making waves – Quatloo. This new … Read more

Bernstein: High-Quality BTC Mining Stocks Present Promising Opportunity for Profiting from the Next Crypto Bull Run

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Bernstein: High-Quality BTC Mining Stocks Present Promising Opportunity for Profiting from the Next Crypto Bull Run

Quality BTC Mining Stocks Offer a Good Way to Gain Exposure to the Next Crypto Bull Run: Bernstein CoinDesk, a leading source of news and information on cryptocurrency, has updated its privacy policy, terms of use, cookies, and do not sell my personal information. As a media outlet, CoinDesk adheres to high journalistic standards and … Read more

Bitcoin and Ether Options Trading Reaches $20B in Activity

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Bitcoin and Ether Options Trading Reaches B in Activity

Bitcoin and Ether Options Activity Hits $20B The notional open interest in bitcoin and ether options contracts on Deribit, a leading exchange, has reached $20.64 billion, a record high since November 2021. This surge in open interest indicates a growing interest in crypto options among investors. The number of outstanding contracts has doubled compared to … Read more

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

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Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The US economy is experiencing turbulent times, with inflation rates rising and the Federal Reserve’s efforts to curb inflation falling short. This has led to a loss of value in US Treasurys, raising concerns about the impact on risk-on assets such as Bitcoin and the stock market. The influx of government debt into the market … Read more