Bitcoin and Ethereum slipped after an unexpectedly strong jobs report was posted on Friday, signaling that interest rate hikes may continue.
Bitcoin and Ethereum slipped after an unexpectedly strong jobs report was posted on Friday, signaling that interest rate hikes may continue.
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Markets
Sep. 12, 2024
Leverage in the Bitcoin Market Is Increasing Again
Renewed bias for leverage points to increased investor risk appetite. High-leverage liquidity in bitcoin is concentrated at around $58,500. Increased leverage indicates traders taking on more risk and a possible jump in price volatility. Lev...
Markets
Sep. 12, 2024
U.S. Consumers Say Crypto Is Here to Stay, Stablecoins Maybe Not: Deutsche Bank
Fewer than 1% of U.S. consumers called crypto a fad, according to a Deutsche Bank survey. Only 18% of respondents said they expected stablecoins to thrive; 42% expected them to fade. Sentiment about bitcoin's outlook was not so positive, the s...
Markets
Sep. 12, 2024
Bitcoin Yields as High as 45% on Offer in Pendle's New Pools
DeFi platform Pendle's new pools allows users to earn floating yields up to 45% and fixed yields of 10% on a bitcoin-based token. The yields are achieved through staking service Lombard's LBTC token in collaboration with Ethereum layer-2 networ...
Markets
Sep. 12, 2024
Bitcoin Bargain Hunters Active on Kraken and Coinbase, CCData Shows
Buy-sell ratios point to bargain hunting over Kraken and Coinbase. The average trade size indicates that dip-demand stems from large traders. Bitcoin {{BTC}} bargain hunters are active on Kraken and Coinbase (COIN), snapping up coins at perce...
Markets
Sep. 12, 2024
Bitcoin Jumps Over $58K Amid Tech Stock Rally, SUI Outperforms
Bitcoin surpassed $58,000 during Asian trading hours, influenced by a rally in U.S. tech stocks and positive movements in Asian equities. Despite the bitcoin price increase, U.S. spot bitcoin ETFs experienced outflows, with Ark Invest’s ARKB se...
Markets
Sep. 11, 2024
Are Ethereum Staking Yields Too High?
Staking has grown in popularity in recent years due to the availability of staking-as-a-service, pooled staking, and the growth of liquid re-staking. As of July 2024, Ethereum's security budget amounts to a staggering $110 billion worth of ETH, r...