Increasing Open Interest and negative Funding Rate placed BNB in place to hit $630. BNB might continue to outperform SOL despite the negative sentiment around it. Based on AMBCrypto’s assessment, the funding rate for Binance Coin (BNB) on Binance derivatives exchange became negative on the 22nd of April, suggesting that more traders held short positions … Read more
Crypto coins and tokens are often spoken about interchangeably, leading to confusion and misconceptions within certain communities. While these two technologies may share qualities, they both differ in terms of use and function. Moreover, knowing the difference between the two is essential if you plan on ever using crypto or tokens. In this piece, I’d … Read more
During the latest Bitcoin (BTC) halving, a significant moment in the cryptocurrency world, influential figures within the crypto sphere voiced their varying opinions on its potential impact across various aspects of the market. April 20 marked the fourth Bitcoin network reduction, where mining rewards decreased from 6.25 Bitcoins per block to 3.125 Bitcoons following the … Read more
Analysts see $60K as the 2024 cycle’s correction bottom. However, price consolidation could extend for longer. The previous week presented significant challenges for markets, particularly for riskier assets such as Bitcoin [BTC]. US stocks ended the week with declines. In April, BTC experienced weekly losses similar to before, reaching a low of $59.6K. This occurred … Read more
Thai officials have chosen to prohibit unauthorized cryptocurrency trading platforms from functioning within the borders of the country, aiming to curb money laundering and other illicit online activities. The Thai Securities and Exchange Commission (SEC) intends to provide a report to the Ministry of Digital Economy and Society detailing crypto exchanges operating in Thailand without … Read more
Bitcoin’s new halving period kicks off with a strong start as the price approaches $70,000, bringing bulls one step closer. The price of Bitcoin may be regaining momentum following the productive “halving” event, marking a new phase or era in the cryptocurrency’s development. After a turbulent week where Bitcoin dipped to its lowest point in … Read more