Bitcoin’s value has been on an impressive rise over the past month, and by the start of the week, the leading digital currency surpassed the $ 57,000 range for the first time since Nov. 2021. This upward trend in value has stimulated bitcoin-based derivatives, causing open interest in bitcoin futures to hit an unprecedented …
Bitcoin Breaks $54,000 Barrier for First Time Since 2021, Eyes Historic Highs Ahead of Halving Event
A 2021 Crypto Fund Manager’s Tale of Surviving the ‘Widowmaker Trade’
Offering a unique insider perspective, David Choi chronicles his encounter with arguably the most notorious trade in crypto’s history. Unpacking the ‘Widowmaker Trade’ That Upended the Crypto Industry In the annals of cryptocurrency’s roller coaster history, 2021’s so-called ‘widowmaker trade’ stands out for many reasons, including the amount of veterans it caught by surprise and […]
‘Extreme Greed’ — Bitcoin’s Price Rise Leads to Highest Fear and Greed Index Level Since 2021
Hovering just below the $ 47K mark, bitcoin’s price rise has coincided with the Crypto Fear and Greed Index (CFGI) reaching a notable 76 on Jan. 9, 2024. This signals a phase of “extreme greed,” a sentiment intensity not witnessed since the cryptocurrency’s previous bull run in November 2021. Soaring Bitcoin Drives Greed Index …
Nigerian Central Bank Lifts February 2021 Crypto Prohibition Order
The Nigerian central bank has reversed its Feb. 5 order which barred banks and financial institutions from extending their services to crypto entities. The central bank said new guidelines align with the Financial Action Task Force’s updated recommendation 15, which calls for the regulation of virtual asset service providers. Guidelines Align With FATF’s Recommendation On […]