A correction refers to a rapid price decrease, which traders can use to their advantage with the assistance of cryptocurrency trading bots. Although the definition for a correction differs, it is most often used to describe a rapid decrease in an asset’s price, usually at least 10% and up to 20%. If an asset falls more than that, the price dip is classified as a … [Read more...] about Strategies for trading cryptocurrency during a correction, explained
Trading
Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two
Say a trader purchases $1,000 worth of the Squeeth tokens. If the price of ether triples from $3,000 to $9,000, the Squeeth would go up triple-squared, or 9-fold – to $9,000 in this example. On the contrary, if ether halves to $1,500, Squeeth will see a less-than-linear decline, as represented by the curved payoff line below: Source link … [Read more...] about Opyn’s New ‘Squeeth’ Raises Ether Trading to the Power of Two
Goldman Bullish on Online Brokers’ 4Q Earnings Due to Crypto Activity, Retail Trading
Crypto exchange Coinbase, bank Silvergate Capital and trading platform Robinhood are expected to post the strongest results relative to estimates, the bank said in a note published Tuesday. Goldman expects total crypto-trading revenue at Coinbase and Robinhood to rise 62% and 18%, respectively, from the previous quarter. Source link … [Read more...] about Goldman Bullish on Online Brokers’ 4Q Earnings Due to Crypto Activity, Retail Trading
German Fintech Naga to Start Crypto-Focused Social Trading Platform
Publicly traded German fintech Naga, which offers investment in stocks and crypto via its mobile app, will start a social trading platform in 2022 called Nagax, Naga announced Thursday.The platform, set to launch in the first quarter of this year, will consist of a crypto wallet, a non-fungible token (NFT) platform, a staking platform, a spot exchange with around 700 tradable … [Read more...] about German Fintech Naga to Start Crypto-Focused Social Trading Platform
Bitcoin Trading Volume Dips; Dogecoin Rallies
Kuptsikevich is especially concerned about further declines in ether, the world's second-largest cryptocurrency by market capitalization after bitcoin. If momentum continues to deteriorate, he anticipates a worst-case scenario of $1,300-$1,700 ETH, which is roughly 50% below current price levels. Source link … [Read more...] about Bitcoin Trading Volume Dips; Dogecoin Rallies