Category: Analysis

Trade volumes are booming on primary and secondary Bitcoin exchanges as Google searches for the number-one crypto skyrocket, indicating that to some degree a panic-induced flight to BTC may be in its early stages after the global economy’s recent capitulation. Real trading volumes have rocketed on the Bitwise 24-hour spot volume index — on Friday…

Today was one of the worst single-day trading sessions the U.S. stock market has ever seen, with the benchmark indices erasing all of the gains that were incurred during the rally seen last Friday afternoon. This has led the crypto markets to similarly decline, with Bitcoin once again breaking below $5,000. It now appears that…

BitMEX, one of the largest cryptocurrency futures exchanges in terms of daily volume, has fallen behind OKEx, FTX, Deribit, Huobi, and Bybit in Ethereum open interest after the overnight Bitcoin drop to $3,600 on March 12. The exchange was criticized for not using a large part of its insurance fund as $1.2 billion worth of…

Bitcoin has arguably had its worst week ever; after peaking at $9,200 last weekend, the cryptocurrency plunged as low as $3,800, marking a drop of 60 percent in under seven days’ time. Although the price of BTC has since recovered to $5,400, with the asset showing remarkable strength in the wake of a capitulation event,…

The search term “Bitcoin” has exploded in popularity on Google in the last week, suggesting the unfolding global economic crisis may be spurring on interest in BTC even in the wake of one of the coin’s most devastating sell-offs ever. Worldwide search volumes for Bitcoin have broken out to hit a seven-month high according to…

Back-month Bitcoin futures contracts are trading at a steep discount to spot on the leading exchanges, indicating that derivatives traders could have low expectations for a price recovery after the coin’s recent capitulation. The basis, which measures the premium or discount between the spot price and the futures price, is often considered a useful gauge…