The research arm of a top crypto exchange is warning traders to keep an eye on open interest (OI) while trading altcoins. In its latest Alpha research findings, Bitfinex says that a drop off in OI has helped many altcoins, like SUI and AAVE, rally tremendously. “We believe that a risk-on sentiment and the ability […]
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Bitfinex says it’s a “challenging time” for Bitcoin traders as the US Fed’s widely expected rate cut could lead to a drop in Bitcoin’s price and not a boost as hoped by the market.
A long-awaited United States Federal Reserve interest rate cut could push the price of Bitcoin down — the opposite direction of many market participants’ expectations — and possibly cause it to dive to levels not seen since February, analysts say.
“If we were to speculate, we would caution to expect a 15-20 percent decline when rates are cut this month, with a bottom of $40-50k for BTC,” Bitfinex analysts wrote in a Sept. 2 note.
Bitfinex’s analysts backed up their claims by reiterating that September has historically been a “volatile month” for Bitcoin (BTC), and the anticipated Fed rate cut only adds another “layer of complexity, potentially exacerbating the market’s volatility.”
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices following a rate cut,” the Bitfinex analysts said. Bitfinex Predicts Bitcoin […]
Research from crypto exchange Bitfinex warns that reactions to recent rate cut news could bring down crypto prices in September. In its latest research, Bitfinex speculates that Bitcoin (BTC) could fall as low as $40,000 over the coming weeks. “If we were to speculate, we would caution to expect a 15-20% decline when rates are […]
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Research from crypto exchange Bitfinex says that appetite for risk assets is heating up once again. In its latest research report, Bitfinex says that Bitcoin (BTC) is showing a stronger correlation with US equities, indicating a return of risk-on sentiment in crypto. Bitfinex also says that the significant amount of liquidations that occurred during the […]
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Binance, Coinbase, Bitfinex and 73 other crypto firms have applied for crypto asset service provider licenses in Turkey. In June, the Turkish government enacted a new digital asset regulatory regime that requires crypto firms to secure permission to operate from the Capital Markets Board (CMB) of Turkey, the country’s financial regulator. The CMB published a […]
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As the Turkish Capital Markets Board continues to update the list and companies work to meet regulatory requirements, the Turkish crypto market is poised for significant changes.
The Turkish cryptocurrency landscape is experiencing a major transformation as prominent companies like Coinbase and KuCoin compete to obtain business licenses in the country.
This surge in applications follows regulatory updates by the Turkish Capital Markets Board (CMB), marking a critical juncture for the nation’s burgeoning crypto sector.
On Aug. 9, the CMB announced that 47 cryptocurrency companies had initially applied for licenses under new regulatory frameworks. This list, however, has now expanded to 76, with notable additions such as Coinbase, KuCoin and Gate.io.
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local bottoms,” the report states. Bitfinex Report Analyzes Bitcoin’s Rebound and Potential Local Bottom Crypto exchange Bitfinex […]
Turkey’s Capital Markets Board has issued an update on crypto asset service providers following new regulations. The provisional lists include 47 operational companies and three that are planning to liquidate. Current crypto service roviders are required to apply for permits or proceed with liquidation by specified deadlines, with legal repercussions for noncompliance. Turkey’s Capital Markets […]
A popular on-chain analyst thinks the US government will eventually return nearly 100,000 seized Bitcoin (BTC) to their rightful owners. Late last month, former President Donald Trump said in the Bitcoin2024 Conference that his administration will keep “100% of all the Bitcoin the US government currently holds or acquires into the future.” But analyst Willy […]
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