Tag: bitcoin rates

Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens
9Mar By adminNo Comments
Technology

Cryptoverse: Hooked on growth, bitcoin investors turn to smart tokens

[ad_1] For investors living on the digital edge, bitcoin is starting to look a little old-fashioned.Hooked on high growth, some are turning away from the original cryptocurrency - designed as an alternative to regular cash - in favor of its descendants created as native tokens of blockchain platforms that host smart contracts and apps. MarketVector's Smart Contract Leaders Index, which tracks major tokens of this kind - including ether, dot and solana - is up 36% in 2023, outpacing even bitcoin's 33% rise. Solana's token is up 76% this year. Bundeep Rangar, CEO of crypto-focused investor Fineqia, said he expected the biggest crypto returns to come from smart contract tokens on platforms that support decentralized finance (DeFi) apps."Those are ones that you will find capital appreciati...
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Bitcoin Traders Set Sights on $30,000 Even as Momentum Wanes
2Mar By adminNo Comments
Technology

Bitcoin Traders Set Sights on $30,000 Even as Momentum Wanes

[ad_1] Crypto investors are scooping up call options betting on a Bitcoin rebound to $30,000, even as momentum in the digital-asset market stalls. Bitcoin options open interest rose in February to $9 billion, according to Bloomberg Intelligence's Jamie Coutts, who cited Glassnode data. The last time it was at this level, the coin had been trading around $45,000, whereas it's currently hovering around $23,700. It's the largest 14-day rate of change in its history, and is a record high when measured as a percentage of market cap, he said. “Too much leverage has been funneled into this asset in the short-term,” Coutts tweeted. Bitcoin advanced 2.5% as of 10:15 a.m. in London on Wednesday. Meanwhile, most of the open interest is made up of calls with a $30,000 strike price, meaning ...
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