Bitcoin Traders Scale Back Bets as Spot ETF Inflows Wane and Halving Hype Fades: Bloomberg Report

A recent Bloomberg News article suggests that optimistic Bitcoin traders are dialing back their bets on the leading cryptocurrency as two significant driving forces – robust inflows into U.S. spot Bitcoin ETFs and the hype surrounding the Bitcoin halving event – lose steam. As reported by Bloomberg, the Bitcoin funding rate, which represents the premium […]

Morgan Stanley Reportedly Is Preparing to Allow Its Brokers to Recommend Spot Bitcoin ETFs to Clients

Morgan Stanley, one of the leading financial giants on Wall Street, is set to empower its 15,000 brokers with the ability to actively recommend Bitcoin exchange-traded funds (ETFs) to their clients, according to a report by AdvisorHub, cited by an article in CoinDesk. This decision marks a significant shift from the bank’s previous policy, which […]

Markets

Cardano Price Analysis

Cardano (ADA/USD) Price Analysis – 6 July 2023

Introduction This report provides a technical analysis of Cardano (ADA) for 6 July 2023. The analysis includes an overview of the price and volume and a detailed examination of the daily and monthly technical indicators and moving averages. This report aims to provide traders and investors with insights into ADA’s short-term and long-term market trends. […]

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XRP XRP Ledger

XRP Ledger’s Decentralized Exchange Sees Total Value Locked Soar Over 7.5 Million $XRP

The total value locked (TVL) in on the XRP Ledger’s recently launched automated market makr (AMMs) has surpassed 7 million $XRP, according to data from DeFi analytics platform DeXfi. The figure represents a significant increase in just a few weeks,as noted by dUNL validator Vet, who co-founded the non-fungible token (NFT) marketplace xrpcafe on the […]