Category: All time high

January sees $237 billion in monthly stablecoin volume thus far, breaking prior record

January sees $237 billion in monthly stablecoin volume thus far, breaking prior record

January has seen more than $230 billion in on-chain stablecoin volume since the start of the month, according to data collected by The Block. That figure — $237.2 billion as of January 25 — represents the highest monthly amount of its kind, surpassing December’s total of $178.3 billion by 33%.  USDT (Tether) had seen the […]

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Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

Global Chip Shortages Disrupt Bitcoin Mining Rig Production: China’s Dominant Position as Hash Rate Leader Under Threat

The ongoing global shortage of chips that are used in the production of bitcoin mining rigs is now causing manufacturing disruptions. According to one report, these disruptions are causing a shortage of rigs on the market and subsequent price increases. Already, the report suggests that the prices of new mining rigs have doubled while second-hand […]

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Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion

Crypto Derivatives Surge, Bitcoin Options Open Interest Climbs to $9.6 Billion

Bitcoin options open interest has reached $9.6 billion according to derivatives market data as the metric is nearing the high captured on January 7, 2021. Moreover, the aggregate open interest in bitcoin futures is steadily nearing all-time highs. While cryptocurrency spot markets have consolidated, bitcoin-based derivatives markets have seen continuous action. At the time of […]

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Etoro Warns Customers to Brace for Suspension of Crypto Buy Orders due to an ‘Unprecedented Demand’

Etoro Warns Customers to Brace for Suspension of Crypto Buy Orders due to an ‘Unprecedented Demand’

Etoro, a trading and investing platform, has warned its customers to brace for possible limitations on their buy orders this coming weekend. The company says it might be forced to take this and other steps if the anticipated and unprecedented surge in demand for cryptos occurs. Unprecedented Demand and Limited Liquidity The Israeli company’s warning […]

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Monday was a record-breaking day for Coinbase and Binance

Monday was a record-breaking day for Coinbase and Binance

Cryptocurrency exchanges Coinbase and Binance broke their all-time highs for volume on Monday, according to data compiled by The Block.  Coinbase reached $9.56 billion in daily exchange volume — about a 57.9% increase from its $6.05 billion previous peak in January 7, 2021. On the same day, Binance reached $30.66 billion. That’s roughly 38% greater […]

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December was a record volume month for Ethereum options

December was a record volume month for Ethereum options

December of 2020 beat out the previous month’s all-time high for Ethereum options trading volume, according to data compiled by The Block. November generated $1.83 billion worth of options while December had $2.24 billion — a 22.4% increase.  Deribit had 83.4% of the Ethereum options trading volume. Next was OKEx with 13.9% of the volume, […]

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December saw the highest monthly volume for Ethereum futures to date

December saw the highest monthly volume for Ethereum futures to date

The volume for Ethereum futures reached $257.06 billion in December, according to data compiled by The Block. December’s total was $10.8 billion (4.4%) more than November 2020, which was the previous high, per Skew data. Huobi reportedly the largest volume share at 32.8%. Binance came in with a close second at 32.1% of Ethereum futures […]

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Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin Price Taps $41,970, Morgan Creek Partner Says ‘BTC Is a 10x Improvement on Gold’

Bitcoin’s price continues to move northbound, as the crypto asset’s value has touched another all-time high (ATH) this week reaching $41,970 per coin on Friday morning (EST). The digital asset bitcoin is now the 7th most valuable asset worldwide with an overall market valuation of around $778 billion today. Cryptocurrencies across the world have seen […]

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Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager Bill Miller Lauds BTC- Says ‘Bitcoin Could Be Rat Poison, and the Rat Could Be Cash’

Fund Manager and founder of Miller Value Partners, Bill Miller says holding bitcoin is better than holding cash because the digital asset is immune to the bad policies of the U.S. Federal Reserve. Writing in the 2020 Q4 Market Letter, Miller explains that some companies are already converting to bitcoin in order to avoid incurring […]

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BTC Reaches a Whopping $40,000, Industry Exec Says ‘Bitcoin Rises in the Eye of a Perfect Storm’

BTC Reaches a Whopping $40,000, Industry Exec Says ‘Bitcoin Rises in the Eye of a Perfect Storm’

The price of bitcoin has astonished the masses once again surpassing $40,000 per coin across crypto exchanges worldwide. With well over $28 billion in global trade volume, the leading crypto asset’s overall market valuation is now a whopping $728 billion in value. This post has been updated at 1: 50 p.m. (EST) to reflect the […]

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