Bitcoin (BTC) total open interest (OI) is showing a sharp decline as the whale price falls to $44,000. Bitcoin’s total OI fell 10.4% from $8.1 billion to $7.2 billion over the past 24 hours, according to data provided by market intelligence platform Santiment. After surpassing $44,000 on December 6, the price of 1BTC has fallen 0.6% over the past 24 hours and currently sits at $41,950. BTC Price and Open Interest – December 12 | Source: Santiment The asset currently has a market capitalization of $822 billion and a daily trading volume of $32.1 billion. As the asset’s OI fell,…
Author: Crypto Flexs
Read More
Bitcoin (BTC) faces an uphill climb to reignite its uptrend after its biggest single-day loss of 2023.The largest cryptocurrency continues to recover after falling to a low of $40,200 at the close of the week on December 10, according to the latest data from Cointelegraph Markets Pro and TradingView. .BTC/USD 1-hour chart. Source: TradingViewNew key support and resistance levels are emerging as BTC price action breaks away from the relentless gains that many claim are overdue.The next few days will present many opportunities for potential volatility. US macro data releases begin on December 12, followed by the Fed’s interest rate…
Dubai Virtual Asset Regulatory Authority (VARA) has granted a conditional license to Enjinstarter’s AYA platform to provide cryptocurrency assets and investment services. On December 11, Enjinstarter, the Dubai arm of Web3 Launchpad and advisory firm, received a cryptocurrency license subject to certain conditions before launching services. The platform will undergo regulatory revalidation and approval after meeting all requirements of Dubai regulator VARA. The announcement is as follows:“The license will not be operational until the company fully satisfies all remaining conditions and selects the localization requirements defined by VARA.”Enjinstarter has not yet responded to Cointelegraph’s request for comment on its outstanding…
Hello, cryptocurrency enthusiasts and Bitcoin friends! So Bitcoin decided to throw a little party and everyone was invited to this week’s roller coaster ride. The industry as a whole was feeling optimistic, but last night the downturn suddenly returned. Buckle up, because we’ve got you covered on the latest cryptocurrency circus without all the complicated jargon! Bitcoin price roller coasterAre the bears back? So the price of Bitcoin has fallen slightly by 5% in the last 24 hours to $41,645 as of December 11th. It’s not a panic station yet. Despite the decline, our cryptocurrency superhero, Bitcoin (BTC), is showing…
Posted 1 minute ago In ~ Community members of derivatives protocol Synthetix have approved governance proposal SIP-2043, targeting its termination. SNX +8.08% Token inflation.The cessation of inflation will lead to the adoption of new strategies, including token buybacks and burns, which are scheduled to be implemented in the protocol’s future Andromeda software releases.As a result, Synthetix stakers will no longer need to claim weekly inflation token rewards.Inflation rewards were initially introduced to encourage liquidity and growth, but the core team noted that token inflation “becomes less effective as an incentive, leading to its termination.”Going forward, the project plans to reduce…
Avalanche (AVAX) appears to be one of the few major cryptocurrencies that has been able to overcome the recent cryptocurrency decline, posting a phenomenal 79% weekly gain while other cryptocurrencies fell.Some analysts believe this is due to recent partnership announcements and increased trading volume and total value fixation, while others claim there is a change in the way altcoins are valued.Bitcoin (BTC) and Ethereum (ETH) plunged 6% on December 11, while AVAX rose 13.6% in the past 24 hours, according to CoinGecko data. Avalanches have increased by 79% over the past seven days. Source: TradingViewRyan Mcmillin, chief investment officer at…
In an important development for institutional adoption In the digital assets sector, M&G Investments, the asset management arm of pension giant M&G Plc, has invested $20 million in a UK-based cryptocurrency derivatives trading platform. According to a recent Bloomberg report, this move represents a step forward in restoring institutional trust in the cryptocurrency market following the FTX collapse last year. report. High scores for cryptocurrency derivatives platform M&G Investments acquired the stake as part of a $30 million Series B, according to Bloomberg. funding round For Global Futures and Options Ltd., known as GFO-X. The capital injection was made on…
China’s six major social media platforms, including WeChat, Sina Weibo, Douyin, Kuaishou, Bilibili and Xiaohongshu, require content creators with more than 500,000 or 1 million followers to disclose their real names or the real names of their financial backers. State media reported in October.
Bitcoin price plunged again, retesting the $40,000 support zone. BTC is rising, but needs to liquidate $42,350 to move into the positive zone. Bitcoin is attempting a fresh increase from the $40,000 support zone. The price is trading below $43,600 and the 100-hour simple moving average. On the hourly chart of the BTC/USD pair (data feed from Kraken), a breakout occurred above a bearish trend line connecting with resistance near $41,300. A break above the $42,350 resistance area could provide bullish momentum. Bitcoin price remains supported Bitcoin price fell significantly below the $43,500 and $43,200 support levels. BTC fell below…
join us telegram A channel to stay up to date on breaking news coverage Synthetix price prediction could continue to stabilize above the 9-day and 21-day moving averages as the coin heads to the upside. Synthetix predictive statistical data: Current Synthetix price – $4.67 Synthetix market cap – $1.3 billion Synthetix Circulation Volume – 300.3 million units Synthetix total supply – 328.1 million units Synthetix CoinMarketCap Ranking – 50th SNX/USD Market Main level: Resistance levels: $5.5, $6.0, $6.5 Support levels: $3.5, $3.0, $2.5 SNXUSD – daily chart Looking at the daily chart, SNX/USD continues to trade above the 9- and…