A few weeks of limited volatility and ranging between the $60k and $67k range for Bitcoin price 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. Bitcoin price trend seems to have turned however since the bitcoin ETF was approved, as this week saw $726m of inflows so far. In times of little price action, crypto traders tend to…
After rallying to a new all-time high in March, the bitcoin market 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…
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 halving will result in a reduction of the annual BTC 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…
OKX & Coinrule Campaign: Deposit & Trade 500 USDT to win 50 USDT + Get 20% off Trading Fees + Get 25% Off Coinrule Plans! Campaign Period: Apr 12 2024 00:00 UTC – May 31 2024 23:59 UTC To celebrate the launch of OKX Futures, Coinrule is thrilled to announce an exciting campaign that we are running together with OKX. This is your chance to win 50 USDT in the form of futures credits, grab…
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…
Ethereum has had some very turbulent weeks. For one, its price has finally been rallying. After months of underperforming versus new-narrative chains like Solana, Ethereum had started to steadily approach its All-Time High. One of the drivers of the excitement: The Dencun upgrade was introduced last week. The upgrade reduced the transaction costs for Ethereum Layer 2s, such as Arbitrum, Base, and Optimism. Transaction costs on Ethereum Layer 2s can now, in theory, start competing…
There is one thing that beginner traders rarely understand about bull markets. Traders can lose money in a bull market as much as in a bear market. This week reminded us about the brutal volatility that makes crypto both loved and feared. The market briefly went into a tailspin after a rejection just above the $69,000 previous all-time high. The Bitcoin price then found its feet again and marched back up. But not without liquidating many…
Last week OpenAI CEO Sam Altman expressed his desire to raise $7 trillion or 3.5 times the total crypto market capital to fund chip design and manufacture to meet increasing demand for artificial intelligence (AI) technology. This investment is so large that it has inspired participants to think more in terms of exponential growth. Why are we talking about this in a Crypto-focused newsletter? Because crypto traders understand exponential growth well. Also, because the Crypto-AI narrative has…
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It is rare that this column starts with a chart of Ethereum. On first glance, now seems to be an even stranger time to do so. While BTC has seen a >2x run-up and projects like Solana grew multiples, ETH stood out as the so-called ‘most hated coin’ of the cycle so far. However, it seems that the time for this narrative to change is approaching fast. Four main drivers stand out. First and foremost,…
A popular market saying advises to buy the rumour and sell the news. Much of the debates prior to the Bitcoin Spot ETF approval centred on the question whether the eventual approval will turn out to be such a sell the news event. With Bitcoin’s drop to below $40k, after a brief peak when it touched $50k, the ETF rally has clearly run out of pace. At least in the short-term, the ETF approval turned…
Crypto tax reporting can be a cumbersome process due to the high volume of transactions and multiple wallets involved for a given user. To make things easier, Coinrule has partnered up with CoinLedger, the highest-rated crypto tax software, to bring free tax reporting capabilities to our users. All Coinrule users who signed up prior to December 31st, 2023, will receive an email with a link that will enable you to claim your free CoinLedger tax…
It only took 10 years, a lawsuit won on appeal and financial giants like BlackRock and Fidelity getting involved for the SEC to finally admit defeat and approve a Bitcoin Spot ETF. Of course by now we know that little concerning crypto happens without drama. On Tuesday, Hackers took over the X/Twitter account of the SEC and announced that the ETF was approved. The statement was quickly retracted by the SEC only for the approval…
The market speed-run of the last few months has seen many new narratives emerge in a short space of time. The imminent approval of a Bitcoin ETF is a major catalyst but the re-emergence of Solana as a leading Smart Contract Layer 1 has also played an important role in the mania. With high speed and slick UX, it has attracted a lot of crypto traders. Generous airdrops have helped drive interest. With all the…
The probably most often repeated saying in this newsletter is that history does not repeat but it rhymes. This is even more true when it comes to markets. November and December 2023 have treated Crypto markets exceptionally well. Bitcoin is well above $40k and many Altcoins have been following. It also does not just feel like ’empty’ euphoria. Actual technological innovation is fuelling some of the run. Bitcoin’s Taproot upgrade has added actual programmability to…
Investing in financial markets has significantly seen massive growth in Nigeria, especially forex and cryptocurrency trading. Nigeria is one of the most active countries in Africa in the forex and cryptocurrency trading space. On top of that, there are more and more traders joining financial markets in an attempt to make a profit from trading various assets. In this review, we are going to take a look at the direction trading is taking in Nigeria…
As the festive season approaches, Coinrule is launching its Christmas Campaign with Bitget! This is your chance to share in a spectacular $20,000 prize pool and grab a 10% discount on Futures trading fees! Campaign Period: 1st Dec (20:00 UTC) – 31st Dec (20:00 UTC), 2023 Steps to unlock the rewards: 1. Register & Trade to Win $20 Trading Bonus: Win a 20 USDT trading bonus by signing up for a Bitget account via Coinrule’s referral…
Bitget Futures is now available on Coinrule! This new exchange is a significant milestone in our journey to provide you with the most dynamic and comprehensive trading experience. To start trading with Bitget Futures, follow these steps to connect it to Coinrule. Don’t forget to also check out the Coinrule & Bitget Christmas campaign. This is your chance to share in a spectacular $20,000 prize pool and grab a 10% discount on Futures trading fees!…
Algorithmic trading has revolutionized financial markets in recent years. It has introduced efficiency, speed, and accuracy into trading strategies. Additionally, it gets rid of human emotions that can be a hindrance to sticking to trading strategies. As technology continues to advance, the future of algorithmic trading holds even more promise. Currently, there are emerging trends and developments poised to reshape the landscape of financial markets. This article will look at the future of algorithmic trading…