Category: Crypto market

Forex Signals Dec 2: CrowdStrike, BHP, Okta, Manceshter United Earnings in Spotlight

Posted on by Skerdian Meta

As investors evaluate sector progress toward year-end, a new round of earnings from tech, mining, finance, and sports companies including Man United, BHP, Crowdstrike, etc. will help set market tone.
Continue reading “Forex Signals Dec 2: CrowdStrike, BHP, Okta, Manceshter United Earnings in Spotlight” →

Bull Trap Alert: ETH Dives to $2,800 but Open Interest Balloons – Signals Volatility Spike Ahead

Posted on by Olumide Adesina

Ethereum’s market activity has resumed following a drop to near $2,800; open interest in ETH futures rose by more than $653 million.  ETH is trading at around $2,835. The asset is down 8 percent in the past 24 hours but remains slightly up on the week.

According to analyst Maartunn, ETH open interest jumped by $653.8 million, a 4 % rise, shortly after the latest dip. Futures activity increased in response to the price decline, indicating traders were quick to rebound. When leverage is reintroduced into the market during times of volatility, this type of behavior is frequently observed. ETH trading volume supports this trend, with over $23.8 billion recorded in the last 24 hours.

The asset might also be close to a technological turning point. Data from a weekly chart shared by Mister Crypto shows the Stochastic RSI moving into its lower range. Historically, these conditions have been followed by price bounces.
It’s interesting to note that the chart indicates that past readings at comparable levels have coincided with market reversals. The current setup appears to mirror earlier cycles where oversold conditions were followed by recoveries, suggesting the potential for a shift in momentum.

ETH has held steady against Bitcoin despite its decline. A support zone between 0.03150 and 0.03250 BTC is where ETH/BTC is currently located.

Michaël van de Poppe observed, “[ETH is nicely consolidating… remaining flat against Bitcoin.” The pair is holding above its 50-day moving average, and volume is still steady.

The price increased by more than 140 percent from this same region earlier this year. If the current range holds, Van de Poppe continued, “Ethereum is likely to outperform, and Bitcoin is bottoming.”

Vanguard’s Epic U-Turn: XRP ETFs Unlocked for $11 Trillion – Retirement Funds Incoming?

Posted on by Olumide Adesina

Bitwise’s XRP exchange-traded fund is now available for Vanguard clients, according to a recent social media post by chief executive officer Hunter Horsley.

Vanguard, the world’s second-largest asset manager with over $11 trillion in assets under management, has long been a conservative powerhouse in traditional investing. It has completely prohibited cryptocurrency-related products on its platform for many years. It even blocked access to spot Bitcoin ETFs when they launched in January 2024.

Over 50 million Vanguard clients will be able to begin trading specific cryptocurrency ETFs and mutual funds that contain cryptocurrency assets. In late September, rumors surfaced that Vanguard would completely reverse its stance on cryptocurrency.

Hence, it did not come as a complete surprise, which explains a rather muted crypto rally. The $10 trillion behemoth still has no intention of following rival Blac despite the significant reversal.

 

Leverage Carnage: Crypto Crash Liquidates $1B in Bets as Bitcoin Tumbles Below $84K

Posted on by Olumide Adesina

Nearly $1 billion of leveraged crypto positions were liquidated during a sharp fall on Monday, fueling a huge selloff. Bitcoin dropped as much as 8% to $83,824, representing a 30% decrease since early October.

Bitcoin is in trouble after its latest decline.

Ether has declined 36% over the past seven weeks and fell as much as 10%, reaching as low as $2,719. Smaller, less liquid tokens, often favored by traders due to their higher volatility and tendency to outperform during rallies, have been especially affected by the market downturn.

MarketVector index tracking the bottom half of the top 100 digital assets has fallen by nearly 70% this year. Data from tracker Coinglass shows the cryptocurrency market remains fragile after a weeks-long selloff that started in early October when President Donald Trump’s threats of higher tariffs rattled markets, wiping out about $19 billion in leveraged bets.

Traders analyze liquidation data to assess leverage, gauge risk appetite, and determine whether a market wipeout has truly cleared out excess speculation. However, these numbers may be incomplete, as industry insiders say exchanges restrict full liquidation data, making it difficult for traders to know the true extent of leverage in the system.

“It’s a risk-off start to December,” said Sean McNulty, APAC derivatives trading lead at FalconX. The lack of dip buyers and minimal inflows into Bitcoin ETFs are primary concerns. We expect these structural headwinds to persist this month.

Digital assets are also influenced by broader macro shifts impacting global markets, as US equity traders begin the week on the defensive. As Bank of Japan Governor Kazuo Ueda signaled a likely rate hike this month, Japanese stocks declined, and the yen strengthened.

Investors Step In, Buying Oversold MSTR Stock After BTC Weakness, Target $700

Posted on by Skerdian Meta

The MSTR stock started the week substantially lower due to persistent weakness in Bitcoin and the wider cryptocurrency complex, hence MicroStrategy’s attempt to recover last week was short-lived. Continue reading “Investors Step In, Buying Oversold MSTR Stock After BTC Weakness, Target $700” →

BMNR Stock Slips Below $30 As ETH Dives, but There’s Support As Bitmine’s Fundamentals Strengthen

Posted on by Skerdian Meta

BitMine’s recent volatility parallels the latest crypto market collapse, however major financial and strategic pillars continue to underpin its long-term narrative.
Continue reading “BMNR Stock Slips Below $30 As ETH Dives, but There’s Support As Bitmine’s Fundamentals Strengthen” →

XRP’s Triumph: SWIFT’s 90% ISO 20022 Shift Hands Ripple the Cross-Border Crown

Posted on by Olumide Adesina

SWIFT anticipates that by the beginning of 2026, 90% of all transactions will transition to ISO 20022.

XRP Eyes $5 Target Soon as Institutional Access Expands

The organisation responsible for overseeing ISO 20022 compliance is the Registration Management Group (RMG), which includes a range of members or parent companies associated with well-known Layer 1 blockchains. Notable members include Algorand (ALGO), Hedera Hashgraph (HBAR), Stellar Lumens (XLM), and Ripple (XRP), the latter two of which joined in 2020.

Stellar’s participation has provided both original altcoins with an opportunity to improve interoperability with SWIFT and other major financial institutions.

Financial giants like BlackRock and JPMorgan are actively acquiring ISO 20022-compliant coins. Stellar (XLM) has notable partnerships with companies like MoneyGram and IBM World Wire; however, its trading volume is lower than XRP’s. Ripple has established active partnerships with over 300 banks and financial payment solutions, including Santander and SEB, and is working on integrating its own RLUSD stablecoin.

Ripple’s (XRP) spot market volume consistently exceeds $2 billion, making it reasonable for the altcoin to grow with relatively low transaction fees. However, this $2 billion in spot trading is quadrupled by its futures market volume. XRP’s demand in perpetual contracts has hit $8 billion in a single day, highlighting a new trend among traders seeking larger gains.

Stellar Lumens (XLM) generally maintains a daily trading volume between $100 million and $200 million, even though both Distributed Ledger Technology (DLT) chains process a block on average every five seconds. XRP’s ledger handles about 40 million transactions daily, significantly surpassing Stellar’s average of 7 million transactions daily

Zcash’s Brutal Rollercoaster: Why ZEC Keeps Crashing Despite the Bullish Big Picture

Posted on by Olumide Adesina

Zcash has lost more than 17% last week. The stagnation in shielded pools and the crowded retail demand- potentially acting as exit liquidity for large wallet investors aiming to take profits- are behind the privacy coin’s second consecutive bearish week.

 

Reduced demand is signalled by inactivity in shielded ZEC pools. The nearly 1000 per cent rally between September and October was driven by a surge in demand for ZEC as a privacy coin. Shielded ZEC tokens in the Orchard pool surged during the rally, according to ZECHUB data,  effectively reducing supply and creating a positive feedback loop to boost demand.

However, after reaching a peak of 4.21 million ZEC tokens on November 4, the Orchard pool has plateaued, indicating a decline in demand. If the plateau persists, ZEC prices might face further downward pressure due to a lack of new demand. Retail demand for Zcash is rising despite a decline in on-chain activity, allowing savvy investors to lock in profits.

According to CryptoQuant’s data, retail volume is overheating the futures and spot markets, leading to crowding in the purchase of privacy coins. Sharp corrections in cryptocurrency assets are often triggered by increased retail activity; this was seen during the cycle tops in May and November of 2021.

ZEC futures Open Interest (OI) has decreased 7.71 per cent over the past day, down to $977.4 million, according to CoinGlass data. A drop in futures OI indicates traders are reducing their capital exposure in case of a pullback or other uncertain events.