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

Bitwise analyst cautions dollar strength could hinder bitcoin breakout, despite it nearing $100,000

Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains, an analyst said. Expectations of a more hawkish Bank of Japan move increases risk of a yen carry trade unwind, which puts further volatility for risk assets, they said.

theblock.co • 29/11/2024 - 15:28 PM

CRYPTO MOVERS

HyperLiquid airdrops over $1.2 billion worth of tokens to users as HYPE crosses $4 billion FDV

HYPE, HyperLiquid’s native token, has surged over 11% since its launch to $4.2, driving its FDV to $4.2 billion. This follows today’s token genesis event and an airdrop distribution to early users.

theblock.co • 29/11/2024 - 11:56 AM

Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion

Bitcoin futures open interest has surged since Donald Trump’s election win. Bitfinex analysts observe this as “organic growth,” dismissing fears of a correction despite increased leverage.

theblock.co • 28/11/2024 - 16:31 PM

Analysts claim crypto capital rotation is driving Ethereum, Cardano and Solana gains

Capital is flowing out of Bitcoin and into altcoins, according to QCP Capital analysts — with Ethereum, Cardano, and Solana seeing gains of 5%, 9%, and 4%, respectively, in the past 24 hours. Bitcoin’s increase was more modest at 1.5%. The shift in market sentiment is highlighted by a 13% jump in the ETH/BTC ratio, which has recovered from a low of 0.0318 last Thursday to 0.0371 today.

theblock.co • 27/11/2024 - 15:31 PM

Bitcoin pulls back as reduced US Treasury term premium weighs on sentiment, says Standard Chartered analyst

Bitcoin’s price has declined by over 3% in the past 24 hours. According to Standard Chartered’s Geoff Kendrick, bitcoin’s price decline from its recent all-time high can be attributed to shifts in U.S. Treasury markets, which could temporarily weaken its appeal as a hedge.

theblock.co • 26/11/2024 - 16:07 PM

CRYPTO MOVERS

Crypto derivatives market turns cautious ahead of FOMC minutes and PCE data, analysts say

Ethereum and Bitcoin options traders are showing caution ahead of the release of FOMC minutes and Wednesday’s U.S. PCE data, analysts say. Traders will be closely monitoring this week’s economic data releases for signals on inflation progress and the likelihood of another rate cut in December.

theblock.co • 26/11/2024 - 11:55 AM

Ether gains momentum as capital shifts from bitcoin and derivatives activity increases

Capital flows are shifting from bitcoin to ether, with derivatives market activity signaling growing confidence in ether’s near-term upside, analysts said. Ether has surged over 6% while in the past 24 hours, while bitcoin saw a slight decline, as open interest and demand for call options hit record highs for the second-largest cryptocurrency by market cap.

theblock.co • 25/11/2024 - 16:28 PM

Cboe announces December debut of spot bitcoin ETF index options

Cboe Global Markets will launch the first cash-settled index options tied to spot bitcoin ETFs on December 2.

theblock.co • 22/11/2024 - 17:59 PM

Ethereum futures open interest hits new all-time high of over $20 billion, signalling bullish momentum: CryptoQuant

Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data. Positive funding rates and record leverage ratios highlight increased risk-taking, with traders betting on rising Ethereum prices.

theblock.co • 22/11/2024 - 10:26 AM

Bitcoin rally fuels record dogecoin perpetual futures trading volume on Kraken

Dogecoin has set a 24-hour perpetual futures trading volume record on Kraken, surpassing Ethereum futures volumes for the first time, an analyst said. XRP’s rising institutional interest is driving diversification strategies, with WisdomTree launching an XRP ETP to capitalize on growing altcoin adoption.

theblock.co • 21/11/2024 - 17:42 PM

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