Interest

Digital asset investment products recorded $436 million in inflows last week, a paradigm shift after a series of outflows reaching $1.2 billion. Crypto markets have much to anticipate this week, with a key moment on Wednesday as the Federal Open Market Committee (FOMC) decides the scale of September’s interest rate cuts. Crypto Investments Inflows Reach $436 Million Bitcoin (BTC) led crypto inflows last week, bringing in up to $436 million and reversing the negative flows from the week ending September…

The post Bitcoin Price Targets $60K Ahead of FED Meeting: Will Interest Rate Hike Fuel the Rally? appeared first on Coinpedia Fintech News Bitcoin has successfully defended the $55,000 mark and is now bouncing back, currently testing the $58,000 level. Traders are eagerly eyeing the $60,000 area, which is seen as a critical resistance point. If Bitcoin holds above this, it could signal stronger upward momentum, further fueling optimism in the market. But is this a sign of calm before…

The post Bitcoin News Today : Will Miner Sell-Off Trigger BTC Price Crash Amid U.S. Interest Rate Cuts? appeared first on Coinpedia Fintech News Bitcoin (BTC) miners play a fundamental role in securing the network and also producing new coins. Since the fourth Bitcoin halving earlier this year, BTC miners have been readjusting their operations to match the rising difficulty. Moreover, the Bitcoin block reward declined from 6.25 coins to about 3.125 units every ten minutes, thus making it difficult…

The post Toncoin Price Poised for 15% Rally, Traders Interest Skyrockets appeared first on Coinpedia Fintech News After a recent price drop of over 35%, the Toncoin (TON) price is posed for a significant upside rally. The reason for this massive upside momentum is the recent breakout of the consolidation zone near a crucial support level and a descending trendline in the four-hour time frame. Toncoin Price Momentum On September 9, 2024, TON experienced a price surge of over 10%…

The post BONK Price Defies Bears with 4% Surge, Open Interest Signals Massive Rally appeared first on Coinpedia Fintech News Bonk (BONK), the popular Solana-based meme coin, is defying the market trend and is poised for a massive price surge despite bearish sentiment. With an impressive 4% price surge, it has gained significant attention from the crypto community resulting in its open interest skyrocketing by 16% in the last 24 hours. BONK Outperforms Major Cryptos With a strong bullish intention,…

Dubai, United Arab Emirates, September 6th, 2024, Chainwire Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Block Scholes Crypto Derivatives Analytics Report, offering critical insights into the current state of the cryptocurrency market. This week’s report dives deep into macro events, trading signals, and the ongoing shift in sentiment within the crypto derivatives space, highlighting the significant increase in implied volatility and growing bearish outlooks across the board. Following last week’s dip in spot prices,…

When it comes to meme coins, PEPE has undoubtedly been one of the best performers in the last year. The meme coin reached an all-time high after an all-time high in 2024, eventually crossing the $5 billion market cap. The rapid rise in price was followed by a surge in the open interest of the meme coin at the time. However, with time, the open interest has seen a notable decline, both in price and in open interest, but this…

Investors are buzzing about new digital currencies gaining traction. These lesser-known coins are making waves, drawing attention with their potential for impressive growth. Discover the five standout altcoins that are poised for significant advancements in the near future. Their unique features and promising prospects are sparking keen interest in the crypto community. VeChain (VET) VeChain (VET) is showing signs of resilience despite recent challenges, with its price currently ranging between $0.0191 and $0.0245. Although it faced a 16% drop in…

Data shows the Bitcoin Open Interest on exchanges has been heading up while the Funding Rate has turned negative recently. Bitcoin Open Interest Trend Suggests Speculators Are Back As pointed out by CryptoQuant community manager Maartunn in a new post on X, things appear to be heating up on the derivatives side of the market. There are two indicators of relevance here: Open Interest and Funding Rate. The first of these, the Open Interest, keeps track of the total amount…