Cryptocurrency Markets


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Why Bitcoin Needs to Defend $30K

An analysis of trades in the bitcoin options market reveals a crucial price threshold where selling might accelerate.

Bitcoin call options open interest looks highest at  around $40,000, while put options open interest is high at $30,000.

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Google Searches for 'Bitcoin Price' Reach 7-Month Low

From a contrarian standpoint, low levels of crowd chatter on the Internet may be a sign that bitcoin market sentiment can't get much worse.

Fewer people are searching Google for the bitcoin price.

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Bitcoin Listless as New 'Bearish Crossover' Looms

Bitcoin's long-term moving averages are about to produce yet another bearish crossover.

Annotated bitcoin daily price chart.

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Synthetix Rallies as DeFi Protocol Announces Layer 2 Launch

"SNX's upside is in part supported by the latest update from the team in relation to the planned collaboration with Optimism," one analyst said.

Synthetix is used to create synthetic versions of stocks like Apple, Google and Coinbase.

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Traders Make Money Selling 'Strangles' as Bitcoin Goes Quiet

A strangle is essentially a bet that bitcoin’s price won’t break out anytime soon.

Bitcoin options traders are betting the market waters will stay calm.

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BitMEX CEO Maps Out Future 'Living by the Rules'

Alexander Hoeptner says "discussions need to be had" with regulators.

BitMEX CEO Alexander Hoeptner.

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Axie Profiting From Booming NFT Economy as Bitcoin Struggles

The boom in the play-to-earn economy comes amid falling yields in the bitcoin and DeFi markets.

The popularity of Axie Infinity's marketplace is helping the price of the project's governance token, AXS.

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Bitcoin Stock-to-Flow Model, Rooted in ‘Hard Money’ Narrative, Goes Off Course

"PlanB" said the next six months will “make or break'' the stock-to-flow model.

Screen-Shot-2021-07-05-at-2.55.25-PM-1

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Investors Cashing Out of Grayscale Bitcoin Trust Might Bring Market Boost

Investors who locked in borrowed coins will need to repurchase those to repay the loan, cryptocurrency pundits say.

The upcoming unwinding of trades involving the Grayscale Bitcoin Trust could provide a ray of sunshine to a market that has darkened.

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