Key Insights:  Bitcoin’s current consolidation phase above $60,000, now in its sixth week, signals strong market confidence and a potential precursor to a bull run. Despite low net inflows, the robust volume in Bitcoin ETFs reflects a healthy market, with ETF shares actively traded, mirroring the spot market’s consolidation. Recent gains see Bitcoin trading confidently above $72,000, with immediate hurdles at $72,500 and $73,000. In an analysis that sheds light on Bitcoin’s readiness for a potential surge beyond the coveted $100,000 mark, expert point to a combination of market confiden ..read more

Key Insights:  Dogecoin’s recent ascent to $0.2062 highlights a 6% daily increase, fueled by the rise in trading volume, marking significant market optimism. Dogecoin’s steadfast hold above the $0.20 support zone hints at a potential surge to the $0.30 mark, buoyed by investor confidence. Dogecoin witnesses a hike in trading volume to $3.4 billion, alongside a 6% rise in open interest, signaling robust market engagement. Dogecoin, the cryptocurrency born from an internet meme, has made headlines with its notable surge in value. It is now aiming for the elusive $1 mark. Recently, the pri ..read more

Throughout history, Gold has garnered profound admiration for its enigmatic magnetism – both as a tangible entity and an economic haven. It has endured the trial of time for eons and emerged as one of the most coveted safe-haven assets. Despite the rise of fiat currency systems, Gold’s inherent and economic value remains unscathed, positioning it as a favored investment in today’s financial markets.  In the past, trading Gold was a cumbersome process, demanding the physical possession of the precious metal. However, the advent of Contract for Difference (CFD) trading has revolutionized th ..read more

Key Insights: Bitcoin’s fight to break the $70,000 resistance highlights its recovery effort, underpinned by strong support above $67,000. Whales have amassed over 319,310 BTC in Q1 2024, showcasing strong confidence in Bitcoin ahead of the anticipated halving event. Bitcoin’s performance has skyrocketed, with a 50% increase since 2024, buoyed by the introduction of spot Bitcoin ETFs and institutional interest. Bitcoin has taken the lead in a modest revival of the cryptocurrency market, pushing toward the $70,000 mark. This resurgence aims to overcome recent declines and set new benchmarks ..read more

Ripple’s Chief Legal Officer, Stuart Alderoty, has responded to U.S. SEC Director Gurbir Grewal’s assertions regarding the crypto industry’s alleged noncompliance. During a segment of the “SEC Speaks” event sponsored by the Practicing Law Institute, Grewal criticized the crypto industry for creative attempts to evade “clear” rules, accusing it of noncompliance. In a sharp retort, Alderoty highlighted the irony of Grewal’s claim that the regulatory agency acts with integrity. He pointed to legal events where federal courts have chastised the SEC for failing to act in good faith ..read more

Key Insights:  Ethereum’s price trajectory is fraught with challenges, facing resistance near $3,500 while the $3,200 support level remains key for recovery. Ethereum’s recent drop below the 50-day SMA at $3,424 opens the risk of revisiting lower levels, hinting at a bearish market sentiment. SEC’s public comment invitation for Ethereum ETFs reflects standard protocol, not necessarily a bullish signal for approval. Ethereum, the 2nd largest cryptocurrency, is currently weathering a storm in the volatile market. Recent downturns in Bitcoin’s value have impacted ETH, pushing it down towar ..read more

Key Insights:  Market corrections present buying opportunities asserts a crypto analyst, urging investors to capitalize on Bitcoin’s dip. The analyst predicts a period of consolidation for Bitcoin, emphasizing the importance of strategic buying amid market shifts. The analyst identifies Bitcoin’s area of interest as ranging between $56,000 to $60,000, reiterating his stance that “dips are for buying in these markets.” The cryptocurrency market has witnessed a surge in activity lately, with Bitcoin and Ethereum leading the charge in a notable recovery. This resurgence arrives as a welcom ..read more

In March, the cumulative monthly spot volume on centralized crypto exchanges soared, more than doubling to nearly $2.5 trillion. This surge marked a significant uptick from September 2023 when it hit around $324 billion. December and January saw it hovering just over $1 trillion, with February recording $1.2 trillion. March witnessed an unprecedented spike in trading volume, reaching $2.48 trillion, the highest since November 2021, albeit still 40% lower than the all-time high of $4.2 trillion in May 2021. The surge in March coincided with a notable increase in daily spot volume. On March 10 ..read more

Key Insights:  ADA’s journey hits a consolidation phase, trading between pivotal resistance and support zones, signaling a cooling period. Despite a recent pullback from its yearly high, ADA’s long-term prospects continue to spark optimism among investors Cardano’s derivatives market open interest spikes, indicating strong investor confidence and market activity. The price of Cardano (ADA) remains subject to the wider market trends, hinting at a possible downturn within the altcoin space. Nonetheless, the actions of investors reflect a keen anticipation for a rise in value.  Despit ..read more

Cryptocurrency trading incorporates a whole range of techniques and markets, with spot trading standing as a cornerstone for traders and investors. This area of the crypto world is dynamic, offering a place for immediate transaction settlements and a platform for trading digital assets like Bitcoin and altcoins.  In the following article, we will explore the workings of spot trading, explaining its mechanism, differences from other trading arenas, and how you can get started with it. Understanding Spot Market in Crypto Spot market is the core of cryptocurrency trading. Here, dig ..read more