Overview of Cryptocurrency Futures Trading Volumes ©️
The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.
Binance Futures leads with $65.01 billion in 24-hour volume and $319.63 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $178.52 billion in weekly volume.
OKX Futures ranks third with $29.00 billion in 24-hour volume and $143.63 billion in weekly volume. Bybit Futures and Binance show $24.64 billion and $18.34 billion in 24-hour volume, respectively.
MEXC Futures also showed a significant weekly trading volume of $21.37 billion.
#Crypto #Cryptozard
The image presents data on the 24-hour and weekly trading volumes for various cryptocurrency platforms and futures.
Binance Futures leads with $65.01 billion in 24-hour volume and $319.63 billion in weekly volume. Poloniex Futures is in second place with $29.75 billion in 24-hour volume and $178.52 billion in weekly volume.
OKX Futures ranks third with $29.00 billion in 24-hour volume and $143.63 billion in weekly volume. Bybit Futures and Binance show $24.64 billion and $18.34 billion in 24-hour volume, respectively.
MEXC Futures also showed a significant weekly trading volume of $21.37 billion.
#Crypto #Cryptozard
CryptoQuant CEO Ki Young Ju predicts that the Bitcoin bull market will last until early 2025.
He advises traders to be cautious and use a dollar-cost averaging (DCA) strategy.
#BTC #Cryptozard
He advises traders to be cautious and use a dollar-cost averaging (DCA) strategy.
#BTC #Cryptozard
Chinese companies showcased their AI innovations at a conference in Shanghai despite US sanctions. More than 150 products and solutions were presented, including SenseTime, which launched the new large language model SenseNova 5.5, competing with GPT-4. 💡
🚨 Bitcoin price risks 'double top' — 5 things to know this week:
📉 Bitcoin's weekly close at a 4-month low sparks fears of further price drops.
😱 Crypto Fear & Greed Index dives into "extreme fear."
🐳 Many investors, including whales, are now underwater on its holdings.
🧐 Upcoming CPI, PPI data, and Fed Chair Powell's testimony may influence market trends.
“There is mild panic in the market due to the small-scale sales of Mt.Gox/Govt coins, but no one is talking about the unrealized losses of STH whales, which currently equal 218K BTC. I have no idea what will happen to the market if they lose their nerve.”
📉 Bitcoin's weekly close at a 4-month low sparks fears of further price drops.
😱 Crypto Fear & Greed Index dives into "extreme fear."
🐳 Many investors, including whales, are now underwater on its holdings.
🧐 Upcoming CPI, PPI data, and Fed Chair Powell's testimony may influence market trends.
“There is mild panic in the market due to the small-scale sales of Mt.Gox/Govt coins, but no one is talking about the unrealized losses of STH whales, which currently equal 218K BTC. I have no idea what will happen to the market if they lose their nerve.”
Spot or Futures: What to Choose
Spot trading and futures trading each have their own characteristics, advantages, and risks.
Spot Market
🔵 Simplicity: Buying and selling cryptocurrencies occur instantly at the current market price.
🔵 Long-term investments: Suitable for those who want to hold assets for a long time.
🔵 Low risk: Less risky compared to futures as there are no margin positions.
Futures
🔵 Hedging: Allows hedging risks by locking in the purchase or sale price of an asset in the future.
🔵 Speculation: The possibility of profit on both rising and falling prices.
🔵 High risk: Using leverage can lead to significant losses.
Choosing between spot and futures depends on your goals, risk level, and experience. Beginners are recommended to start with spot trading, while experienced traders can use futures for hedging and speculation.
#Spot #Futures #Cryptozard
Spot trading and futures trading each have their own characteristics, advantages, and risks.
Spot Market
🔵 Simplicity: Buying and selling cryptocurrencies occur instantly at the current market price.
🔵 Long-term investments: Suitable for those who want to hold assets for a long time.
🔵 Low risk: Less risky compared to futures as there are no margin positions.
Futures
🔵 Hedging: Allows hedging risks by locking in the purchase or sale price of an asset in the future.
🔵 Speculation: The possibility of profit on both rising and falling prices.
🔵 High risk: Using leverage can lead to significant losses.
Choosing between spot and futures depends on your goals, risk level, and experience. Beginners are recommended to start with spot trading, while experienced traders can use futures for hedging and speculation.
#Spot #Futures #Cryptozard
Bitcoin speculators hodl 2.8M BTC in 'worst performing' price cycle
Bitcoin long-term holders are refusing to sell in the current BTC price cycle’s “deepest correction.”
#BTC
Bitcoin long-term holders are refusing to sell in the current BTC price cycle’s “deepest correction.”
#BTC
Binance Nears Sale of Controlling Stake in South Korean Exchange Gopax.
According to South Korean media, Binance and local cloud service provider Megazone are in the final stages of negotiations to sell a controlling stake in the South Korean cryptocurrency exchange Gopax.
Binance plans to reduce its stake in Gopax from 72.6% to approximately 10%. This decision follows demands from South Korean authorities for Binance and Gopax to improve their exchange governance structures.
According to South Korean media, Binance and local cloud service provider Megazone are in the final stages of negotiations to sell a controlling stake in the South Korean cryptocurrency exchange Gopax.
Binance plans to reduce its stake in Gopax from 72.6% to approximately 10%. This decision follows demands from South Korean authorities for Binance and Gopax to improve their exchange governance structures.
🇩🇪The German Government received an anonymous #Bitcoin donation of $1.87 with a note attached:
"HFSP - Have Fun Staying Poor" ~Anon
"HFSP - Have Fun Staying Poor" ~Anon
The 3⃣rd largest Bitcoin address, rumored to be own by @RobinhoodApp bought the dip and picked up 3,400 $BTC [approx $200M] 👀
📈 Bitcoin hit $66,000 on July 17, gaining 15% in under a week despite sell-side pressure from Mt. Gox-related coin movements.
Traders are optimistic but note significant resistance near all-time highs, with $100 million in asks up to $70,000 on Binance.
🇺🇸 Market analysis suggests sustained buyer pressure is needed to push higher. U.S. spot Bitcoin ETFs saw $422 million in net inflows on July 16, reflecting strong investor interest.
Traders are optimistic but note significant resistance near all-time highs, with $100 million in asks up to $70,000 on Binance.
🇺🇸 Market analysis suggests sustained buyer pressure is needed to push higher. U.S. spot Bitcoin ETFs saw $422 million in net inflows on July 16, reflecting strong investor interest.
Nansen Launches Analytics Dashboard for Ethereum ETFs.
Blockchain analytics provider Nansen has announced the launch of a specialized analytics dashboard reflecting the quotes and trading volumes of Ethereum ETFs. Nansen stated that the free tool will track the performance metrics of investments in spot Ethereum ETFs and display real-time crucial data for traders, such as an interactive flow chart and the overall balances of ETF issuers.
Blockchain analytics provider Nansen has announced the launch of a specialized analytics dashboard reflecting the quotes and trading volumes of Ethereum ETFs. Nansen stated that the free tool will track the performance metrics of investments in spot Ethereum ETFs and display real-time crucial data for traders, such as an interactive flow chart and the overall balances of ETF issuers.
Bitcoin rebounds to $67K ahead of Trump’s speech in Nashville
Bitcoin has jumped 4.3% as future traders skew toward long positions ahead of Donald Trump’s speech at the Bitcoin Conference.
Bitcoin has jumped 4.3% as future traders skew toward long positions ahead of Donald Trump’s speech at the Bitcoin Conference.
📈 Bitcoin's price rally toward $70,000 could boost interest in $XRP, $KAS, $STX, and $JASMY
If Bitcoin reaches $70,000, it may trigger buying in these altcoins:
$XRP: Consolidating between $0.57 and $0.64. A break above $0.64 could push it to $0.74.
$KAS: Forming a bullish pattern, targeting $0.24 if it breaks above $0.19.
$STX: A bullish crossover suggests potential gains, with targets at $2.50 and $2.65.
$JASMY: Bulls need to overcome $0.033 for a move to $0.039.
If Bitcoin reaches $70,000, it may trigger buying in these altcoins:
$XRP: Consolidating between $0.57 and $0.64. A break above $0.64 could push it to $0.74.
$KAS: Forming a bullish pattern, targeting $0.24 if it breaks above $0.19.
$STX: A bullish crossover suggests potential gains, with targets at $2.50 and $2.65.
$JASMY: Bulls need to overcome $0.033 for a move to $0.039.
Activity on the Bitcoin network has increased significantly, with daily coin circulation reaching its highest level since March, according to data from Santiment.
#BTC
#BTC
🗣Solana Outperforms Ethereum in Trading Volume for the First Time
Crypto journalist WuBlockchain reported that in July 2024, the Solana ecosystem surpassed Ethereum in trading volumes on decentralized exchanges, with $55.8 billion compared to $53.8 billion.
Colin Wu attributes this growth to the hype around meme tokens based on Solana, particularly ten meme coins with market capitalizations of up to $100 million, competing for investors’ attention.
Crypto journalist WuBlockchain reported that in July 2024, the Solana ecosystem surpassed Ethereum in trading volumes on decentralized exchanges, with $55.8 billion compared to $53.8 billion.
Colin Wu attributes this growth to the hype around meme tokens based on Solana, particularly ten meme coins with market capitalizations of up to $100 million, competing for investors’ attention.
Bitcoin price eyes $60K reclaim as gold hits fresh all-time high
Bitcoin joins gold in rising as markets see a bigger chance of a 0.5% interest rate cut.
Bitcoin joins gold in rising as markets see a bigger chance of a 0.5% interest rate cut.
🗣The U.S. SEC added new accusations to its lawsuit against Binance, focusing on illegal trading of assets like AXS, FIL, ATOM, SAND, and MANA.
#Binance
#Binance