Markets

The post Why Does Bitcoin Still Require Correction After ETF and Halving? Why Are Markets Perplexed Following a Bullish Event? appeared first on Coinpedia Fintech News A fresh wave of volatility has hit the crypto markets as the prices of the majority of the cryptos have been fluctuating close to their support levels. Meanwhile, the Bitcoin price is also facing equal bullish and bearish pressure, which suggests a major price action is on the horizon. However, the question remains why…

According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…

There are around 23,000 bitcoin options about to expire on May 3. These have a notional value of around $1.4 billion which has been pretty similar to previous expiry events. Crypto markets have been dumping hard all week but have recovered marginally in late trading on May 2. However, bitcoin remains under $60,000 and sentiment has turned bearish in the short-term. Bitcoin Options Expiry Today’s big batch of Bitcoin contracts have a put/call ratio of 0.49. This means that there…

The post Global AI Powerhouse Pinnacle Markets Poised for Major Collaboration, Leading the Next Wave of Artificial Intelligence Advancements appeared first on Coinpedia Fintech News In recent developments, the globally renowned AI company Pinnacle Markets has been in discussions with prominent financial institutions, including representatives from Saudi Arabia’s notable venture capital funds and European institutions. This potential collaboration signals a promising partnership set to drive a new era of innovation in the field of artificial intelligence. Reports suggest that Pinnacle…

In a world constantly evolving through technology, a significant revolution is unfolding in the financial landscapes of emerging economies such as Nigeria and the UAE. The recent findings from Elastos' inaugural BIT Index highlight a pivotal shift: these nations are not just embracing Bitcoin, they are setting new benchmarks for its daily use and trust, far outpacing traditional financial systems. Bitcoin's Stronghold in Nigeria and the UAE According to the BIT Index, a remarkable 23% of Nigerians and 20% of…

The post Hong Kong to Debut Bitcoin and Ethereum ETFs on April 30th : Signaling Growth in Asian Crypto Markets appeared first on Coinpedia Fintech News Hong Kong is gearing up to join the global financial hub offering cryptocurrency exchange-traded funds (ETFs), with the launch of spot Bitcoin and Ethereum ETFs slated for April 30th. According to the Bloomberg report, this move underscores the city’s ambition to position itself as a hub for digital assets, following in the steps of…

In the current downtrend of the cryptocurrency market, most digital assets, including prominent players like Lido DAO and Compound, have experienced significant declines from their peak values. Yet, during this difficult time, Raffle Coin’s presale is waxing stronger. It has emerged as a beacon of hope for investors, offering a recovery path and the potential for substantial financial gains. The first stage of Raffle Coin's presale is nearly sold out, indicating strong investor confidence and a bright future for this…

Multiple issuers in Hong Kong stated the Securities and Futures Commission had approved spot Bitcoin and Ethereum ETF applications. Let’s dig deeper.  Ethereum Accounting giant Ernst & Young has launched a new blockchain tool to simplify complex business agreements, reduce costs, and ensure security.  Technology Polkadot founder Gavin Wood has introduced the Gray Paper outlining the upcoming Join-Accumulate Machine (JAM) upgrade for the network. The Worldcoin Foundation is launching the Layer-2 blockchain, World Chain, which will integrate novel authentication methods…

Coinbase is convinced beyond the impact of halving, macro factors will also shape market sentiment. Ultimately, Bitcoin is tipped to protect against geopolitical risks as a hedge. Coinbase Global Inc., one of the leading cryptocurrency exchanges, is anticipating that with the Bitcoin halving completed, macroeconomic factors will be pivotal in dictating the price trajectory of digital asset markets. This is a clear contradiction from previous post-halving events where a bullish run is certainly guaranteed due to industry-based push factors. Macro…