Fun

News Feed - 2023-08-23 09:08:00

Marcel Pechman11 hours agoHere’s what the latest Bitcoin price correction revealsThe latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure.5868 Total views17 Total sharesListen to article 0:00Cointelegraph YouTube SubscribeJoin us on social networksIn the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs of professional traders going bearish, and while that doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction.


Pechman presents a Kaiko data chart on BTC liquidity and volatility, which significantly decreased since the FTX collapse in November 2022. And with no liquidity issues or heightened volatility indicated, did the 11.4% mid-August price drop worsen conditions due to the largest futures liquidations since November 2022?


Bitcoin futures premium settled at a neutral 6% after the recent $26,000 crash, signaling balanced demand between leveraged longs and shorts. This aligns with a neutral -7% to 7% BTC options skew, suggesting reasonable downside protection prices.


Reviewing another article, Pechman discusses macroeconomic analyst Lyn Alden’s take on a common currency proposal among BRICS nations (Brazil, Russia, India, China and South Africa). Alden doesn’t see it succeeding — a view shared by Pechman. However, Alden notes a weakened United States dollar if BRICS use their own currencies for foreign trade, giving unconventional advice to crypto investors.


Listen to the full episode of The Market Report on the new Cointelegraph Markets & Research YouTube channel, and don’t forget to click “Like” and “Subscribe” to keep up-to-date with all our latest content.# Bitcoin# Cryptocurrencies# Bitcoin Price# Bitcoin Analysis# Economy# BRICS# Price Analysis# Market Update# Data# Market AnalysisAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesHow to buy Bitcoin with Cash AppHow to put words into a Bitcoin address? Here’s how vanity addresses work

News Feed
President of Panama Partially Vetoes Crypto Law Passed by National Assembly
President of Panama Partially Vetoes Crypto Law Passed by National Assembly Laurentino Cortizo, president of Panama, has exercised his veto powers to make a series of objections to
2022-06-18 19:00 PM
SBF sentencing: Letters highlight efforts to recover FTX funds
Ana Paula Pereira5 hours agoSBF sentencing: Letters highlight efforts to recover FTX fundsThe FTX collapse and initial efforts to recover funds are described in new letters attached to Sam Bankman-Fried’s sentencing su
2024-02-29 03:26 AM
Bitcoin Bulls Rejoice: Fed Minutes Confirm QT Is Ending
Este artículo también está disponible en español. On Tuesday, February 19, the Federal Reserve released their meeting minutes, revealing that central bankers are consider
2025-02-20 23:00 PM
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company’s Bankruptcy
Crypto Exchange Bitgrail Founder Accused by Italian Police of Faking Hacks That Led to Company"s Bankruptcy Italian police accused a man who ran a cryptocurrency
2020-12-23 13:30 PM
Senators Warren, Grassley want details on CFTC’s communications with FTX
Derek Andersen2 hours agoSenators Warren, Grassley want details on CFTC’s communications with FTXThe bipartisan letter writers also want to know when the agency found out about the wrongdoing at the crypto exchange.638
2024-04-16 06:44 AM
Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour
Ross Ulbricht Supporters Auction Collectibles After BTC Price Wager Goes Sour Digital currency influencers have started an auction to raise money for Ross Ulbricht who is serving
2020-01-05 02:05 AM
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government
Disputed Venezuelan Gold Worth $1.8B in Bank of England Vaults Remains Uncertain After Dissolution of Interim Government The status of the Venezuelan gold currently being held by t
2023-01-02 22:00 PM
Meme coins have an important role to play in crypto
Constantin Kogan1 hour agoMeme coins have an important role to play in cryptoMeme coins have stolen the spotlight this Bitcoin halving cycle, and they"ve offered unparalleled opportunity to at least some participants.472
2024-06-30 07:14 AM
Alice Ivey7 hours agoWhat is prompt engineering, and how does it work?Explore the concept of prompt engineering, its significance, and how it works in fine-tuning language models.1136 Total views2 Total sharesListen to a
2023-07-09 01:33 AM
Genesis strikes repayment deal with parent firm DCG to end $620M lawsuit
Jesse Coghlan5 hours agoGenesis strikes repayment deal with parent firm DCG to end $620M lawsuitDigital Currency Group has over $320 million left to repay, according to Genesis, and the deal would see that remaining sum
2023-11-29 12:09 PM
Boom Or Bust? Dogecoin Awaits Critical Signal, Says Analyst
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
2025-06-27 09:30 AM
ONDO Faces 30% Correction Risk If It Loses $1.46 Support – Top Analyst
Este artículo también está disponible en español. Ondo Finance has faced significant challenges in recent weeks, with its price dropping over 30% from its all-time high o
2024-12-27 02:30 AM