Ethereum open interest hits 20-month high — Is this bullish or bearish for ETH?
Ether’s futures open interest jumps to a 20-month high, but leverage demand remains balanced.
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Ether’s futures open interest jumps to a 20-month high, but leverage demand remains balanced.
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris.
BitMEX co-founder Arthur Hayes disclosed significant holdings in Ether, Ethena and Pendle, expressing confidence about the next ETH bull market.
If the Fed cuts rates by just 25 bps, “crypto will likely fall along with that,” said CEO of crypto hedge fund Asymmetric, Joe McCann.
Should the Turkish government pass new amendments, all cash payments above $205 would be subject to fines of 10%.
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.
A stock market recovery, investors’ anticipation of upcoming US inflation data and risks to the US dollar dominance are fuelling Bitcoin’s recent price gains.
CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.
The report claimed, a cash treasury “supplemented with a 3% allocation to Bitcoin” would have shielded companies from inflation since 2020.
