XRP Open Interest (OI) has surged to a new all-time high, surpassing $10 billion across major crypto exchanges. This jump in futures activity comes as the XRP price climbs toward $3.48, its highest level in years. Historically, rising Open Interest has often coincided with significant price rallies, suggesting the potential for further upside in XRP’s…
On July 24, 2023, Coinglass data revealed that over $41 million worth of Bitcoin long and short leveraged positions were liquidated as the BTC prices unexpectedly crashed below a consolidation level of around $29,500, shrinking by over 4%. The drop below the primary support is heaping pressure on the coin. It may draw more selling pressure…
OKB, the native cryptocurrency of the OKX exchange, has made a solid comeback after a lackluster performance in the latter half of July. As August dawned, the token’s price roared back to life, sparking optimism among investors and enthusiasts. The rally began during the first week of August, when OKX exchange’s investment arm announced a…
XRP Exchange reserves have surged by 1.2 billion in just a day, presenting a bearish outlook for the XRP price. This development comes as the token looks to hold above the psychological $3 level. XRP Exchange Reserves Increase By 1.2 Billion In Just A Day A CryptoQuant analysis by CryptoOnchain revealed that XRP Exchange reserves…
Shiba Inu has recorded a notable surge in spot trading activity on several exchanges over the last seven days. This provides a bullish outlook for the second-largest meme coin by market cap, which has been one of the underperformers in this market cycle. Shiba Inu Sees Surge In Spot Trading Activity CoinGlass data show a…
ICE and OKX’s tokenized assets joint venture points to a deeper push by traditional exchange infrastructure into tokenized equities and real-world assets. TL;DR ICE and OKX have announced a joint venture focused on tokenized assets. The tie-up targets tokenized exposure to listed equities and other financial products. The move shows how traditional exchange infrastructure is…
Buyers on Binance shifted decisively in recent weeks. The exchange’s seven-day net taker volume swung from roughly -$1 billion in late March — a period dominated by sellers — to around $2.6 billion by early May, signaling that demand had returned with some force. Related Reading Reserves Hit Levels Not Seen Since Late 2023 That…
The recent flash crash of Bitcoin from over $45,500 to as low as $41,100 has sent shockwaves throughout the crypto community, sparking debate over the underlying causes. While some have attributed the crash to unconfirmed rumors that the US Securities and Exchange Commission (SEC) might, after all, not approve Bitcoin ETFs in January, The Wolf…
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His…
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in…