Some analysts expect volatility to eventually rise next year, especially as the correlation between bitcoin and the S&P 500 remains elevated. For now, pullbacks in assets deemed to be risky, such as cryptocurrencies and stocks, appear to be limited given strong seasonal trends. Source link … [Read more...] about Bitcoin Bears Retreat as Traders Buy on Dips
Traders
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Tether (USDT), the world’s largest stablecoin by market value, has turned volatile on Indian exchanges amid renewed regulatory uncertainty. And savvy traders are profiting from the price instability.The cryptocurrency launched to help mitigate volatility associated with other digital assets should always be worth $1 or rupees (₹) 74.37, as per the current dollar-rupee or … [Read more...] about Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Decentralized finance (DeFi) is fast becoming a preferred avenue to hedge smaller cryptocurrencies beyond bitcoin (BTC) and ether (ETH), as leading centralized derivative exchanges like the Chicago Mercantile Exchange and Deribit remain fixated on the two market leaders.Singapore-based QCP Capital, an early investor in the dominant centralized crypto options exchange Deribit … [Read more...] about Crypto Options Traders Turn to DeFi for Altcoin Bets as QCP Slings $1B
Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Bitcoin price dropped to fresh lows today and the brief visit to the $56,000 level resulted in a sharp sell-off in Ether and altcoins.Data from Cointelegraph Markets Pro and TradingView shows that support at $60,000 was breached early on in the U.S. trading session and this allowed bears to briefly take control of the market. BTC/USDT 4-hour chart. Source: TradingViewHere’s … [Read more...] about Traders say Bitcoin’s drop to $57K is an ‘attractive entry’ for hodlers
Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry
Ether's (ETH) 330% year-to-date gain has been largely fueled by the growth of decentralized finance and the explosion of non-fungible tokens. Proof of this comes from OpenSea, the largest NFT marketplace, surpassing the impressive mark of $10 billion in accumulated trading volume.However, traders worry that the 15% correction that followed the $4,870 all-time high on Nov. 10 … [Read more...] about Traders expect Ethereum price to drop further ahead of Friday’s $550M options expiry