The bull market of 2024 has lost steam. Bitcoin’s price, which was initially pushed up by ETF flow and the momentum surrounding its halving, has been slowly retreating since it briefly reached a new all-time high in March this year. Altcoins are mostly experiencing a depressing market in 2024. Except for a brief memecoin frenzy, the prices of most projects have steadily declined since early in the year. The market is slowing down. This is especially visible in the…
An Echo Bubble is not a concept familiar to traditional finance traders. In Crypto, the concept was popularised by the famous trader known as GCR. It’s the idea that a mini-bubble ‘echoes’ a previous big bubble in a subsequent time period. In 2019, Crypto markets saw a short-lived echo-bubble that followed the 2017 rally. Given how immense the 2021 market grew, many traders anticipated a significant Echo Bubble. Many expected an echo bubble in 2024,…
We are excited to announce that Coinrule has integrated support for Bybit Futures, enhancing our platform’s offerings and giving our users even more flexibility to automate their Futures trading strategies efficiently. What Does This Mean for Coinrule Users? Leverage Trading: Bybit Futures support introduces one of the largest leverage trading exchanges to Coinrule users, allowing them to control larger positions with smaller capital. Leveraged trading can amplify profits, and Coinrule users can now explore…
A day in crypto can be like a week in ‘normal life’. Since we last wrote this column, the SEC all but approved an ETH ETF. The first major bill to regulate Crypto, known as FIT21, went through Congress with bipartisan support. Republican Presidential Candidate Donald Trump started accepting donations in Cryptocurrency and publicly voiced support for the industry. President Biden’s administration, concerned to be alienating pro-crypto voters for no obvious gain, quickly followed suit…
A few weeks of limited volatility and ranging between the $60k and $67k range for Bitcoin are keeping traders in suspense. This was well captured by a few days of relatively low inflows/outflows to the Bitcoin ETFs over the last week. The trend seems to have turned however as this week saw $726m of inflows so far. In times of little price action, crypto traders tend to become macro-economists and Federal Reserve lip-readers. One topic…
After rallying to a new Bitcoin all-time high in March, markets had looked without momentum for weeks. New catalysts such as an Ethereum ETF approval look very unlikely. The launch of new Bitcoin and Ethereum ETFs in Hong Kong has not attracted meaningful volumes. The much-anticipated announcement of the Eigenlayer token in the Ethereum ecosystem led to more disappointment than excitement. On the downside, increasing US government crackdowns against crypto privacy tech and decentralized finance…
When you are reading this, Bitcoin’s fourth halving is imminent. The reward that miners will receive for each block every 10 minutes will drop from 6.25 Bitcoins to 3.125 Bitcoins. Bitcoin’s halving will result in a reduction of the annual Bitcoin supply from 1.6% to 0.8%. But this halving will also bring the launch of the highly anticipated protocol and Bitcoin Token Standard “Runes”. Runes allows the creation and trading of altcoins on Bitcoin. Unlike Ordinals, which essentially are…
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We’re thrilled to announce that Coinrule has integrated support for OKX Futures, expanding our platform’s capabilities and offering our users even more opportunities to automate their trading strategies effectively. What Does This Mean for Coinrule Users? Leverage Trading: OKX Futures support also introduces the concept of leverage trading on OKX to Coinrule users. With the Coinrule integration, you can build automated trading strategies for Perpetual Futures on OKX. Leveraged trading enables traders to control larger…
The last few months have been a spaceship for those of us lucky enough to be trading crypto. The Bitcoin ETF has been approved. Markets have gone up multiples. Bitcoin hit a new all-time high. Airdrops of newly launched projects like Celestia, Dymension, Jupiter, Ethena and Wormhole have filled the pockets of power users. On top of it all, so-called memecoins such as dogwifhat (WIF) and others quickly rallied to reach millions and even billions…