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,…
The world of Cryptocurrency trading is currently undergoing a transformative shift, brought about by the integration of Artificial Intelligence (AI). Beyond being a passing trend, this development shows a sign of a fundamental paradigm shift. AI’s unparalleled ability to swiftly and accurately analyze a lot of datasets gives it a unique advantage in a crypto market marked by high volatility and unpredictability. In this evolution, AI has now become more than a tool; it is…
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…
After nearly a year of swirling rumours, the threat of US regulatory and criminal enforcement against Crypto’s biggest Exchange Binance was still hanging over the market. These rumours can now finally be put to bed. The US Justice Department fined Binance $4.3bn in penalties and forfeitures. The exchanges’ iconic CEO CZ pleaded guilty to money laundering charges and has stepped down from his position. Markets quickly reacted to the news. After an initial drop, bulls…
Get ready to turbocharge your trading with the most awaited deal of the year! The Black Friday campaign with KuCoin is now live and runs through November 30th 2023. Qualified traders can enjoy up to 40% cashback on trading fees: ✅Prize 1: Trade at least $100k through Coinrule on KuCoin Spot or Futures, and get 20% of your net trading fees as cash-back ✅Prize 2: Trade at least $1M through Coinrule on KuCoin Spot or…
The past weeks have felt like the good old times have returned. 2020/21 Flashbacks come in strong with BTC and ETH up double digit percentages since September. On the back of this rally, other Crypto majors like Solana have risen even stronger. Are we back yet? Among the most recent price drivers have been positive news regarding the approval of Crypto ETFs. As the pathway is clear for a now inevitable Bitcoin ETF, the implications…
In a week marked by substantial financial developments, none have captivated the attention of investors quite like the unfolding saga of BlackRock’s Bitcoin ETF. The focus began to shift back onto the ETF topic after the iShares Bitcoin Trust was officially listed on the Depository Trust & Clearing Corporation (DTCC), a crucial component of the U.S. market infrastructure. Adding to this momentum, BlackRock has made amendments to its ETF filing to indicate the possibility of…
As the market enters the final stretch of 2023, the cryptocurrency market—once considered a paragon of high-risk, high-reward investing—is sending mixed signals that defy traditional market logic and leave even seasoned investors scratching their heads. Bitcoin and Ethereum continue to show vulnerability to negative market forces. This vulnerability has been markedly intensified by the release of recent U.S. nonfarm payrolls (NFP) data, which exceeded market expectations by coming in at +336,000 versus the projected +170,000.…
Welcome to Coinrule’s inaugural “Trader of the Month” feature, where we sit down with Travis, a Coinrule user & CrossFit Coach turned Crypto Connoisseur. This exclusive interview showcases how Travis employs principles of discipline, strategy, and adaptability to navigate the dynamic world of (automated) crypto trading. Whether you’re a seasoned trader or a crypto newbie, Travis’s unique perspective offers a holistic understanding of performance and success. Making it a must-read for anyone interested in…