Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Options
Bitcoin and Ether Face Volatility as $15B Options Expiry Approaches: BTC Flirts with $70,000 Support
As much as $15.2 billion in Bitcoin and Ethereum options is set to expire on March 29. The price of the assets will be impacted by the influence of Spot ETF and halving bound to play a role. The digital currency ecosystem, led by the duo of Bitcoin (BTC) and Ethereum (ETH) is facing liquidity uncertainty at the moment. Despite the positive fundamentals of many altcoin projects, Bitcoin’s influence is still triggering volatility that makes the market unstable. This unpredictable…
1 year ago
$9.5 Billion In Bitcoin Options Poised To Expire This Friday: Market Turbulence Ahead?
This Friday, the spotlight is turned to Deribit, the leading crypto derivatives exchange, as it gears up for a notable event in its trading history. Particularly, the exchange is poised to witness the expiration of over $9.5 billion in Bitcoin options open interest. For context, Open interest refers to the total number of outstanding derivative contracts, such as futures or options, that have not been settled or closed. It represents the number of contracts market participants hold at the end…
1 year ago
Ripple News: XRP Holders Unable to Sell? CTO David Schwartz Offers Options
The post Ripple News: XRP Holders Unable to Sell? CTO David Schwartz Offers Options appeared first on Coinpedia Fintech News Ripple’s XRP is currently facing hurdles, as revealed by David Schwartz, Ripple’s Chief Technology Officer (CTO). Schwartz recently pointed out a tough reality: selling XRP is almost unavoidable due to tax complications. Adding to the pressure are the departure of Dev Null Productions and controversies surrounding XRPL. Can XRP stay strong amid these challenges? Despite legal battles and SEC fines,…
1 year ago
Goldman Sachs Observes Spike in Institutional Interest for Crypto Options: Report
As per a Bloomberg report, institutional clients of Goldman Sachs’ Asia Pacific division are displaying revitalized interest in Bitcoin, Ether, and other crypto assets. This trend indicates a notable evolution in the investment landscape for traditional financial institutions. According to Max Minton, the head of digital assets at Goldman Asia Pacific, a significant number of the firm’s top clients have recently engaged or are considering opportunities in the crypto industry. Bitcoin Remains the Most Popular This resurgence in interest follows…
1 year ago
Crypto Derivatives: What are Crypto Derivatives and How do They Work
In recent years, the crypto space has witnessed incredible growth into a diverse ecosystem of over 5 000 coins and tokens, with each token focusing on a particular use case built on blockchain technology. And with the diversification of the crypto ecosystem, there has been an increased launch of financial products to increase mainstream adoption. One such crypto-financial product that has gathered pace among crypto enthusiasts in recent years is cryptocurrency derivatives. A notable cryptocurrency derivative in the crypto space…
5 years ago