Micro ETH futures’ slow start isn’t surprising, however, given the current dour market mood. Further, volumes usually dip ahead of the year-end holidays. When micro BTC contracts went live in early May, market sentiment was quite bullish, with bitcoin trading around $60,000. Source link … [Read more...] about CME Trades 100K Contracts of Micro Ether Futures in First Two Weeks
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NEM, Augur and District0x price push higher while Bitcoin trades below $32K
Bitcoin (BTC) is on the verge of closing another week that saw the price dip closer to $30,000 but the same bearish observation cannot be made for all altcoins. On Friday, several smaller-cap altcoins managed to shake off the bearish assault and post-double-digit gains before traditional markets closed for the weekend. Data from Cointelegraph Markets Pro and TradingView shows … [Read more...] about NEM, Augur and District0x price push higher while Bitcoin trades below $32K
Great buy? Bitcoin trades at record 59% below stock-to-flow BTC price model target
Bitcoin (BTC) has never been as far below its target price as it is now, the stock-to-flow model shows this week.In a tweet on July 10, Lex Moskovski, chief investment officer at Moskovski Capital, showed stock-to-flow flagging a historic moment in Bitcoin's twelve-year lifetime."Great buying opportunity"With BTC/USD showing few signs of a genuine bullish recovery, the pair has … [Read more...] about Great buy? Bitcoin trades at record 59% below stock-to-flow BTC price model target
Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades
The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol’s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs. With this partnership, Balancer joins the team of major DeFi projects lik Aave, Curve and SushiSwap, which have recently witnessed strong user … [Read more...] about Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades
4 ways investors use support and resistance levels to make better trades
Trading should just be a simple process of buying low and selling high but for many investors the process is more akin to rocket science. One of the most basic and easy-to-understand strategies that can help accomplish this is to identify an asset’s support and resistance levels.Once traders can spot the support and resistance levels, they can improve their entry and exit … [Read more...] about 4 ways investors use support and resistance levels to make better trades