SOL's futures open interest recently hit $1 billion and while the recent price swing liquidated leveraged longs, data suggests the short-term top is not a bearish trend reversal.
Crypto markets provide a bird’s-eye view of a burgeoning crypto economy including Bitcoin (BTC) and a host of other crypto networks. The cryptocurrency market is radically different from the traditional global financial and commodities markets. Not only is the structure of these underlying assets fundamentally different, as they are natively digital and noncustodial in many cases, but the market participants are different as well.
Cryptocurrency networks such as Bitcoin feature a unique composition of stakeholders. There are the miners, which provide security and uptime to the network while earning cryptocurrency for their efforts; traders and investors navigating the ebbs and flows of the market for maximum profits; developers, who are the open-source builders working toward scaling and improving these protocols; and individual users, who may speculate or use their crypto to some productive capacity.
The dynamics among these stakeholders in these decentralized, open, permissionless systems are in striking contrast to traditional finance and are main topics of discourse in the space.
Stay tuned to news, analysis and in-depth coverage of crypto markets with Cointelegraph.
It's all about what happens to Bitcoin price action by the end of the week as $1,000 swings up and down remain.17378
Bitcoin derivatives markets flipped neutral-to-bearish after China’s ‘crypto ban’ announcement triggered a BTC price dip to $40,600.14720
Bitcoin price is down but crypto investors still have a plethora of yield opportunities thanks to DeFi.6885
Bitcoin and altcoins made a sharp downside move to their recent lows after news that China banned crypto trading surfaced.25432
REN, CELR and CVC ignore the market’s bearish reaction to China’s new crypto ban by posting double-digit gains.9855
The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware.45678
The second-largest cryptocurrency falls 13.30% versus Bitcoin's 9.38% decline as China's move scares investors away.13357
Old news suddenly gets picked up on social media, sparking an instant crypto price crash.34514
Twitter’s stock feels the benefit of the “orange pill” as surging stocks add to positive tailwinds for Bitcoin.6770
Losing the $3,000 mark just days before Friday's $1.55 billion ETH options expiry nearly doomed Ether longs, but derivatives data shows bulls are still in favor.3000
Increasing trading volume at Uniswap, a rising TVL and upgrades to its DeFi platform were followed by a new all-time high from LCX.5043
Bitcoin price rallied to $44,800 and takes aim at flipping the $45,000 level to support shortly after Twitter launched a new crypto tipping service.12340
This week's price action shows Bitcoin bulls were a bit overzealous about Friday's $3 billion BTC options expiry.13376
Meanwhile, the amount staked in Ethereum 2.0 smart contracts reached over 7.75 million ETH.10522