News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Historical patterns suggest that the bull market is far from it's peak
The decision is driven by a saturated market and the principles of supply and demand.
Onchain Data has shared the top 10 altcoins that developers are focusing on this week and their rankings. Here are the details.
Bitcoin jumped after FED Chairman Jerome Powell's speech. So what does this statement mean?
According to analysts, some options data suggests that the Bitcoin price could rise above $75,000 by the end of this month.
Onchain metrics shows bitcoin exchange reserves have dropped to multi-year lows.Options market open interest distribution signals optimism for bitcoin and ether.
The bitcoin price broke above the $61,000 mark after Fed Chair Jerome Powell’s dovish announcement at the Jackson Hole symposium.U.S. equities saw gains in early trading on Friday, with the S&P 500 and Nasdaq up 1.2% and 1.8% respectively.
- 04:56Dogecoin Officially Responds to Regulators No Longer Viewing Dogecoin as a MemecoinAccording to a report by Jinse Finance, Dogecoin's official X platform message responded that regulatory agencies no longer consider Dogecoin as a Memecoin. Dogecoin officials stated that this situation is similar to scientists no longer considering Pluto as a planet. Community members pointed out that Dogecoin already possesses features such as payment functionality, currency utility, blockchain technology, and tokenization. Apart from stablecoins, Dogecoin currently ranks among the top seven in cryptocurrency market capitalization and continues to rise. The community believes that true value comes from utility and community, and Dogecoin has advantages in both aspects.
- 03:54Economist Peter Schiff: Bitcoin is Not Digital GoldChainCatcher reports that gold advocate and economist Peter Schiff posted on X, "U.S. stock index futures and the dollar are both being sold off. However, gold and Bitcoin are once again moving in opposite directions. Gold is acting like a safe-haven asset, rising about 1%. Meanwhile, Bitcoin is trading like a risk asset, falling about 2%. Clearly, Bitcoin is not digital gold."
- 03:54The open interest for the $300,000 BTC call options expiring at the end of June on Deribit has exceeded 5,000 contracts, with an open interest value of approximately $484 millionPANews reported on May 5, according to CoinDesk, that a Bitcoin call option with a strike price of $300,000 on the derivatives trading market Deribit is set to expire on June 26. Theoretically, this call option bets that BTC's spot price will double to over $300,000 by the end of the first half of this year. Currently, its active contract volume has exceeded 5,000, with a nominal open interest value of $484 million, making it the second most popular product among the June expiring options on the Deribit platform, second only to the $110,000 call option.