Breaking News: CRYPTO MOVERS – Market Insights, Analysis & Latest Updates

Bitcoin spot ETF options could potentially impact demand for the underlying asset, analysts say

The SEC's approval for BlackRock's Bitcoin ETF options may reduce demand for physical Bitcoin, increasing reliance on derivatives and complicating Bitcoin's role in traditional finance.

theblock.co • 27/09/2024 - 12:54 PM

Bitcoin rallies amid positive U.S. jobs data and reports of more China stimulus measures

Bitcoin has surpassed $65,000, aided by U.S. job data and China's stimulus. However, concerns linger about sustaining this level amid market uncertainty.

theblock.co • 26/09/2024 - 16:25 PM

CRYPTO MOVERS

Ethereum futures traders hint at renewed optimism as funding rates turn positive: CryptoQuant

Ethereum's derivatives market shows positive funding rate trends, signaling bullish sentiment among traders, especially after the recent Federal interest rate cut.

theblock.co • 26/09/2024 - 10:52 AM

CRYPTO MOVERS

Friday's end-of-month bitcoin options expiry could trigger significant market volatility: Deribit

Bitcoin's September options expiry on Deribit, totaling $5.8 billion, could create significant market volatility and signal growing bullish sentiment among traders.

theblock.co • 25/09/2024 - 16:40 PM

US yield curve and derivatives interest are bullish signs for bitcoin, Standard Chartered analsyt says

Standard Chartered's head of digital assets research identifies factors supporting bitcoin's price, including economic signs, derivatives market trends, and comments by Vice President Kamala Harris.

theblock.co • 25/09/2024 - 13:56 PM

China stimulus boosts stocks, but crypto remains stagnant

China's recent monetary stimulus boosts European and U.S. equity markets while impacting cryptocurrencies slightly. Analysts note positive sentiment towards ether in derivatives amid global easing.

theblock.co • 24/09/2024 - 18:32 PM

Analysts see bitcoin poised for breakout in Q4 as institutional demand and innovation fuel crypto surge

As we approach the fourth quarter of 2024, analysts anticipate continued growth for bitcoin and the broader cryptocurrency sector, fueled by institutional adoption and more favorable market conditions. Key indicators suggest a potential price increase for bitcoin in October, with expectations of a new ranged between $58,000 and $72,000, driven by institutional buying and an evolving regulatory landscape, an analyst said.

theblock.co • 24/09/2024 - 13:37 PM

CryptoQuant says bitcoin’s 'supply in profit' level signals potential for further gains

Bitcoin’s price has increased nearly 8% following the U.S. Federal Reserve’s rate cut, with the “supply in profit” metric crossing its 365-day moving average, a key signal for potential further gains, according to CryptoQuant. However, Bitfinex analysts caution that while the recent uptick was initially driven by spot market buying, a slowdown in this activity may lead to consolidation or a partial correction in the near term.

theblock.co • 24/09/2024 - 12:41 PM

Ethereum outperforms bitcoin after Fed rate cut, signaling bullish market sentiment

Ethereum has outperformed bitcoin since the U.S. Federal Reserve cut its Federal Funds rate by 50 basis points last Wednesday. This upward momentum coincides with a significant increase in the ether open interest-weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that the price of ether may rise.

theblock.co • 23/09/2024 - 13:56 PM

Crypto and stocks share strongest positive correlation in years after Fed rate cut: Bloomberg

The correlation between cryptocurrencies and the S&P 500 has increased, indicating macroeconomic influences. A soft landing may drive a bullish crypto market amid positive political signals.

theblock.co • 23/09/2024 - 12:32 PM

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