Open Interest surged to $3.22 billion Thursday to levels not seen since February.
Markets News
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
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The DOGE may have had its day, and social media is busy poking fun at Bitcoin skeptic Mark Cuban.
3542The inverted head and shoulders pattern hints at a decisive breakout move in the Polkadot market.
8298Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.
10705Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says.
7060$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.
10155OHM price is on the verge of a new high after a series of cross platform integrations, fresh bond offerings and the launch of Olympus Pro prove that the project has strong fundamentals.
3194Bitcoin remains strong above its recent breakout level, but several major altcoins will be under pressure until BTC reveals its next move.
15714The downside does not last long with an abrupt return to form taking Bitcoin price action back to mid-May levels.
4808BNB price gets a boost as Binance launches a $1 billion blockchain fund.
6282In fresh, albeit mixed, comments on Bitcoin, Larry Fink reiterated excitement about the future of cryptocurrency — and does not dismiss the idea that the success story could be BTC.
5678No one seems very interested in Bitcoin despite BTC/USD being barely 15% from all-time highs.
9345Innovation in the NFT space moves about as fast as the prices. Here’s a rundown of the most recent developments.
6723ETH price is lagging behind BTC's recent gains, but data signals that traders are confident in the altcoin breaking through $4,000 in the short-term.
8923BTC price rejected near $58,000, but derivatives data shows traders positioned neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
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