In A Nutshell The anticipation surrounding Bitcoin’s upcoming halving event, set for April 20, 2024, has sparked a notable increase in market volatility. Recent analytics have highlighted a significant rise in the Implied Volatility of Bitcoin options contracts expiring in April, jumping from 62% to 75% over a single weekend, as reported by Kaiko. This…
In A Nutshell The impending Bitcoin halving event, scheduled to occur in less than three days, has garnered significant attention, particularly concerning its impact on miners. With historical patterns suggesting a potential increase in Bitcoin’s value post-halving, miners have been gearing up by investing in more efficient machinery and liquidating holdings to prepare for the…
In A Nutshell: Web3 Investment Surges in Q1 2024 The first quarter of 2024 has witnessed a significant uptick in Web3 investments, with a 55% increase compared to the previous quarter. This resurgence in venture capital (VC) interest is further underscored by a 36% rise in Web3 VC investment deals. The spotlight has been on…
In A Nutshell The Bitcoin market is currently witnessing a significant tug-of-war between buyers and sellers as bid liquidity increases near the $60,000 mark. This increase in liquidity is particularly noticeable following a substantial liquidation of long positions, which has led to a pressing need for a price bounce. With bid orders congregating just below…
In A Nutshell Bitcoin’s upcoming 2024 halving event stirs a mix of predictions and analyses from leading industry executives Arthur Hayes and Will Clemente. They delve into the unique pre-halving activities, the burgeoning impact of Bitcoin ETFs, and the broader economic factors shaping Bitcoin’s future trajectory. Amidst a blend of optimism and caution, the conversation…
In A Nutshell Recent analyses by cryptocurrency traders suggest a potential near-term downside for Bitcoin’s price based on the movements within its Bollinger Bands, a popular technical analysis tool. Despite this short-term volatility expectation, the overall sentiment remains bullish on the long-term prospects of Bitcoin, anticipating continuous growth post-correction. Understanding Bollinger Bands and Bitcoin’s Position…
In A Nutshell Polygon (MATIC) is currently facing a crucial resistance level at $0.73, which could significantly impact its ability to reach the $0.85 price target. With a current trading price of $0.68, the token has experienced a 25.56% correction over the last week. Liquidity data suggests a high level of open positions could be…
In A Nutshell The digital currency XRP has been facing a significant downfall in its price, accompanied by a decline in key on-chain metrics since April 12, leading to a 32% drop within a short span. This has resulted in XRP hitting the lows of an 8-month range, raising concerns among investors and traders about…
In A Nutshell Investors have withdrawn over $74 million from the Solana-based real estate betting platform, Parcl, following its recent airdrop. This significant outflow of funds occurred after Parcl announced the distribution of its native PRCL tokens to eligible participants, marking a notable decrease in the platform’s total value locked. The event has sparked discussions…
In A Nutshell The BNB Chain, a leading smart contract and decentralized application (dApp) supporting blockchain, has observed a significant decrease in revenue, coinciding with a drop in the Binance Coin (BNB) price. Amid fluctuating market conditions, this development marks a pivotal moment for the network, inviting a closer inspection of the underlying factors and…