Crypto News

Key Takeaways: - Bitcoin is trading above $96,000 at the start of the year - Traders are taking a cautious approach - Funding rates are staying subdued Why Bitcoin is Trading Above $96,000 Bitcoin, the world's largest cryptocurrency, is starting the new year on a strong note as it continues to hold above the $96,000 mark. This is a positive sign for the market, indicating that the momentum from the end of 2021 is carrying over into 2022. The Cautious Approach of Traders Despite the positive start to the year, traders are taking a cautious approach towards Bitcoin. This is reflected in the relatively subdued trading volumes and funding rates. Many are still waiting to see if Bitcoin can maintain its current level or if it will experience a correction. Subdued Funding Rates Funding rates, which are the fees for holding long or short positions on margin, have also stayed subdued in the first few days of the year. This indicates that traders are n...

XRP/USD Technical Analysis The XRP/USD pair started a downside correction after trading as high as $0.5407. The pair broke the $0.5250 support level and tested the $0.5120 zone. A low was formed near $0.5122 and the price is currently recovering. Key Support Levels: $0.5120, $0.5100, $0.5080 Key Resistance Levels: $0.5320, $0.5350, $0.5400 The current price action suggests a possible bullish continuation above the $0.5250 and $0.5320 resistance levels. If there is an upside break above $0.5320, the price could accelerate towards the $0.5400 and $0.5450 levels. On the downside, the $0.5120 level is a key support, below which the price could test $0.5100. Bitcoin Dominance Continues to Rise The crypto market has been experiencing a surge in Bitcoin dominance in the past few weeks, with the leading cryptocurrency's market share currently above 60%. This has led to a decline in altcoin prices, including XRP, as investors shift their focus to Bitcoin. Trending Hashtags: #...

Bitcoin (BTC) Options Expiry: What to Expect As the cryptocurrency market continues to gain mainstream attention, the expiration of Bitcoin options contracts has become an important event to watch. Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price on or before a specific date. In the case of Bitcoin, options contracts typically expire on the last Friday of each month. What are Traders Saying? Traders in the cryptocurrency market are closely monitoring the expiration of these options contracts, as it could potentially lead to a shift in market sentiment and volatility. Some analysts believe that the expiration of these contracts could cause a short-term dip in Bitcoin's price, while others argue that it could lead to a price surge as traders close their positions and take profits. The Impact of Options Expiry on Crypto Prices The expiration of options contracts can have a sig...