Crypto asset manager Bitwise announced the launch of the Aptos (APT) staking exchange traded product (ETP) (APTB) on the SIX Swiss exchange. According to a press release, the ETP will represent the world’s first Aptos Stake ETP, which aims to enable both institutional and retail investors to participate in the Aptos smart contract platform. Hunter Horsley, Bitwise CEO and co-founder, said: “For seven years, Bitwise has been a committed partner to investors working to understand and access opportunities in new cryptocurrency asset classes. With the launch of Bitcoin and Ethereum spot ETPs in the United States, many investors began researching…
Author: Crypto Flexs
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james ding 11 November 2024 16:32 Following Donald Trump’s re-election, Bitcoin experienced a 23% price surge, hitting new highs above $82,000. Institutional demand and ETF inflows strengthen market momentum. Bitcoin (BTC) reached unprecedented highs, surpassing $82,000 following Donald Trump’s re-election as US President. According to Bitfinex, this milestone is a 23% increase from the cryptocurrency price just before the election. Institutional demand and ETF inflows The notable rise in the value of Bitcoin was mainly due to significant investment inflows through exchange-traded funds (ETFs), which recorded a record inflow of $2.28 billion over three…
DeFi Technologies, a company that bridges traditional finance and cryptocurrencies by providing exposure to digital assets, announced a new platform that aims to add Solana to its balance sheet. DeFi Technologies said in an announcement on November 12 that it has created a spin-off company called SolFi that will focus on adopting Solana (SOL) financial strategies. According to a blog post, SolFi will provide investors with direct exposure to Solana and its ecosystem, including “proprietary trading, operating validator nodes, and investing in the ecosystem.” The company seeks to follow in the footsteps of MicroStrategy, whose Bitcoin (BTC) strategy has inspired…
TAO approaches the important $685 resistance level after a surge in volume and technical strength. Market sentiment is supported by rising open interest, rising MA crossover, and low social dominance. Bit Tensor (TAO) It recently experienced a significant surge in 24-hour trading volume exceeding $500 million, reflecting strong interest and market activity. A surge in activity signals has fueled interest, with TAO’s trading price rising 8.01% over the past 24 hours to $599.66. As a result, TAO’s market cap has reached $4.43 billion at press time, indicating new momentum as it approaches the key resistance level of $685. On the…
Preliminary results from the US congressional elections show that more than 250 candidates supporting the digital asset sector have entered the new Congress. As FOX Business reports, this election coincided with the presidential election, which Donald Trump won. Journalists point out that representatives of the digital asset industry have donated more than $200 million to cryptocurrency supporters, a record amount. Some cryptocurrency supporters may be able to bypass experienced lawmakers who have been in Congress for years. For example, in Ohio, Republican Bernie Moreno defeated Democrat Sherrod Brown, who had served in Congress for 18 years. In Pennsylvania, votes are…
Bitcoin (BTC) price is attempting to break the $90,000 level but is experiencing some resistance. Let’s take a quick look at why.On the BTC/USDT 1-hour chart, we can see a block of sell orders at $90,000. As BTC price hits these demands, the selling adds some gravitas to the price momentum and the price falls slightly. Another request block can also be seen at $91,150. BTC/USDT 1-hour chart. Source: TRDR.ioLooking at the entire order book, we can clearly see how the $90,000 level is being defended. Count the BTC/USDT order book. Source: TRDR.ioBullish traders would like to break above the…
Ether (ETH) price has surged more than 37% over the past seven days, trading at highs not seen since July 24, as expectations rise about a cryptocurrency-friendly business environment in the United States following Donald Trump’s presidential victory.ETH/USD daily chart. source: TradingViewAt the time of this writing, Ether is trading at $3,392 due to increased demand via the spot Ethereum ETF, and on-chain indicators suggest the altcoin’s upward trend remains intact.Ethereum open interest has reached an all-time high.Ether’s rally over the past seven days has led to an increase in open ETH long positions in the futures market. Ethereum’s total…
Cardano price began a consolidation phase below the $0.6650 area. ADA is holding on to gains and could target a fresh increase above $0.6500. ADA price started a downward correction after a strong rally towards $0.6600. The price is trading above $0.580 and the 100-hour simple moving average. On the hourly chart of the ADA/USD pair, a major contract triangle has formed with support at $0.5780 (data source from Kraken). Breaking out of the $0.6060 resistance area, the pair could begin another rally. Cardano price consolidates gains Over the past few days, Cardano has shown significant gains above the $0.40…
lawrence jenga November 12, 2024 03:50 Binance announces support for Filecoin (FIL) network upgrade and temporarily suspends deposits and withdrawals on November 20, 2024. Transactions will not be affected. Leading cryptocurrency exchange Binance has announced support for the upcoming Filecoin (FIL) network upgrade. According to Binance’s official announcement, the exchange plans to temporarily suspend deposits and withdrawals of FIL tokens from 22:00 UTC on November 20, 2024. Upgrade details The network upgrade is scheduled to take place at block height 4,461,240, which is estimated to occur around 23:00 UTC on the same day. Binance…
The price of Ether (ETH) soared to $3,444 on November 12, hitting its highest level since July. The rally follows Bitcoin (BTC) hitting an all-time high of $89,957 before correcting to $87,000 on November 12. Now, traders are questioning whether excessive leverage in Ether futures could increase the risk of an ETH price correction below $3,200.Ethereum 8-hour funding rate. Source: Laevitas.chPerpetual futures, also known as inverse swaps, have built-in fees to offset excessive leverage demands. When market sentiment is excessively bullish, the funding rate becomes positive. However, cryptocurrency traders tend to be naturally optimistic, so interest rates of up to…