CME offers two types of bitcoin futures contracts: standard and micro. The standard contract is equivalent to 5 BTC, while the micro contract is one-tenth the size of 1 BTC.
As positive sentiment and FOMO push Bitcoin and altcoins prices to a year-high, crypto traders are eagerly awaiting major events this week that could potentially trigger another rally. One of the key events on their radar is the U.S. Federal Reserve's Federal Open Market Committee (FOMC) Meeting on October 31 and November 1. The outcome of this meeting will determine whether the Fed will proceed with further interest rate hikes or opt for a 'pause'.
A pseudonymous analyst known as Credible Crypto believes that Bitcoin (BTC) is preparing for a parabolic surge. With a growing following, Credible Crypto shares his insights on social media platform X.
The Ethereum-based decentralized exchange Uniswap (UNI) has recently experienced a significant amount of network activity, accompanied by strong selling pressure. However, crypto analyst Ali Martinez suggests that Uniswap may be on the verge of a trend reversal.
In conclusion, Solana, Chainlink, and Arbitrum are all showing positive signs in the market. Investors may consider buying SOL at $26-$28, LINK at $9.60-$10.00, and ARB at $0.85-$0.88 for potential gains. However, it is important to conduct thorough research and exercise caution when investing in altcoins.
A crypto analyst predicts that the Federal Reserve will maintain higher interest rates for an extended period, which will have consequences for risk-on assets like altcoins. The analyst suggests that the Federal Reserve will only consider cutting interest rates when the S&P 500 experiences a significant corrective move.
Sam Bankman-Fried, the disgraced founder of crypto exchange FTX, recently testified in court about the failure of Alameda Research to hedge its assets. According to court transcripts, Bankman-Fried revealed that as of June 2022, Alameda's assets had not been hedged, which coincided with a significant dip in value from $40 billion to $10 billion.
The Cardano price has experienced a significant recovery in the last two weeks, driven by a 'Double Bottom' pattern and an overall uptrend in the broader crypto market. The price of ADA has surged by 23.38% from a monthly low of $0.24 to its current trading price of $0.296. However, there are potential challenges that buyers need to consider amidst the current market volatility.
VanEck, a well-known asset management firm, has updated its Bitcoin spot Exchange Traded Fund (ETF) filing with the Securities and Exchange Commission (SEC). This move reflects VanEck's commitment to providing a Bitcoin ETF that adheres to the strict regulatory standards of traditional financial markets.
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In a recent post, MicroStrategy's founder Michael Saylor emphasized the exceptional performance of Bitcoin compared to traditional investment options. This article explores the cumulative returns of Bitcoin and its resilience over the years.
Bitcoin price has encountered strong resistance around the $35,000 mark, leading to concerns about a potential correction in the altcoin market. Despite the recent uptrend, the price has hit a wall near $35,000, meeting the upper resistance trendline of a channel pattern that has been forming for over a year. Retests of this trendline have historically resulted in significant corrections.
The co-founders of crypto analytics firm Glassnode believe that the approval of a spot-based Bitcoin exchange-traded fund (ETF) by regulators will trigger a significant influx of capital into the cryptocurrency.
The Federal Reserve and New York Department of Financial Services have imposed a hefty fine on Metropolitan Commercial Bank (MCB) for breaching the Bank Secrecy Act. MCB will pay a total of $29.5 million in penalties for allowing criminals to open new accounts and misdirecting $300 million.
New data from a market intelligence firm has shed light on the current situation of Shiba Inu (SHIB) and Floki (FLOKI) holders. The data reveals that a significant percentage of SHIB and Floki holders are currently experiencing losses.
Crypto analytics firm IntoTheBlock has identified a key metric that suggests Bitcoin (BTC) has entered the initial stages of a bull market cycle. The market-value-to-realized-value (MVRV) ratio, which compares Bitcoin's market cap to its realized capitalization, is behaving similarly to previous bear-to-bull market transitions.