Is this week’s price performance setting the stage for Bitcoin’s fabled Q4 rally?The global crypto market cap is $2.64 trillion with a 24-hour volume of $102.98 billion. The price of Bitcoin is $66,420.71 and the BTC dominance is at 47.5%.
by Ana Grabundzija Following the signaled approval of a futures ETF from ProShares, Bitcoin (BTC) entered this week above $60,000. And whether it will touch the fabled $100,000 this year will depend on the next few days, analysts say.
More news ⏬Bifrost launches on Kusama-based Karura Swap with 200,000 BNC in rewardsKarura Swap, the AMM-style decentralized exchange on Kusama, has joined forces with Bifrost Finance to introduce its newest trading pair BNC/kUSD. How the innovative use of crypto NFTs can help battle climate changeThe pressure is mounting on countries to cut emissions and limit global warming to 1.5 degrees. Proshares Bitcoin ETF logs over $1 billion in trading volumeIn an indication that the crypto community has been waiting tirelessly for a Bitcoin exchange traded fund (ETF), available data has shown that Proshares Bitcoin futures ETF, the first of its kind in the United States, saw a trading volume of over $1 billion in its first day of trading. New Cosmos (ATOM) partnership seeks to expand blockchain gaming for players worldwideTendermint, the software development company behind Cosmos, and the Interchain Foundation (ICF), have announced a partnership with Forte, an organization building a blockchain platform for video games. Here’s why Cardano (ADA) average transaction fees are up 1,500% in the past yearData from Messari shows, over a year, average transaction fees on the Cardano network have increased from $0.03 to $0.47 – this represents a 1,466% increase. Why a 6-month-high Bitcoin open interest could spell troubleData from blockchain intelligence firm IntoTheBlock shows Bitcoin perpetual swap open interest (PSOI) hit close to $18 billion on Monday – a level not seen since mid-April, marking a 26 week high. Huobi Trust Hong Kong provides safe, secure custody servicesAs the blockchain and virtual asset space continue to grow with the rise of cutting-edge applications, large companies, and institutional investors are tapping into the space. Brazilians bought over $4 billion worth of crypto in 2021Brazil’s Central Bank has released data showing that its citizens have spent a total of $4.27 billion on cryptocurrency alone since the beginning of the year. Op-Ed: Can crypto help reduce environmental impact?The advent of cryptocurrencies has revolutionized the work of businesses and industries all over the world, including the finance, banking, and retail sectors. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. 🔥 Trending Sectors
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