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A previous period of gains in the crypto currency world saw Bitcoin (BTC) rise in value, which hasn’t gone unnoticed by investors and trading platforms alike, with news of Robinhood launch ing BTC and crypto trading in the EU and UK. The commission-free trading app enabling investors to trade stocks, options, popular crypto currencies, and ETFs has expanded its offerings in response to the increasing competition in the market. In the most recent expansion of its offerings, this company has decided to extend its services to EU and UK traders. As reported by Robinhood in their Q3 report on November 7. The report saw this trading platform’s shares dipping approximately 10% post-announcement, reflecting more cautious investor responses that may be the reasoning behind this future expansion into new markets to stave off drawbacks from the previous adverse events. Cryptocurrency Is the crypto rally overachieving? Insights from JPMorgan Cryptocur...

October marks a significant uptick in cryptocurrency trading , with volume s hitting a seven- month peak driven by major digital asset rallies and ETF speculation. In a recent update from the cryptocurrency market analytics firm CCData, a notable surge in trading volumes on centralized digital asset platforms was observed for October. This marks a significant change in the trend after a period of reduced trading activity, with the reported volume reaching $632 billion. The increase is a striking 87.2% jump from September’s figures. The analysis from CCData highlighted that the volume of spot trading in October scaled heights untouched since March. Centralized exchanges haven’t witnessed such an amount of monthly spot trading since March 2023, with the leap from the previous month being the most pronounced since January 2021. You might also like: U.S. SEC reviewing BlackRock Bitcoin ETF application; Polkadot, Cosmos, and new coin may soar on approval Data fr...

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While the global crypto market is rallying towards a $1.1 trillion cap following Grayscale’s SEC win, FLEX, HEX, and others report substantial losses. The global crypto market took a U-turn since the announcement of Grayscale’s win against the U.S. Securities and Exchange Commission (SEC) on Aug. 29. Despite the bullish market momentum, some crypto assets have still registered notable declines over the past 30 days. According to data provided by CoinMarketCap (CMC), the recent market-wide hike came after two weeks of a deep bear market. Per CMC the global crypto market capitalization is approaching the $1.1 trillion mark. Here are the top five losers of August 2023: Top 5 losers in August 2023 | Source: CoinMarketCap FLEX leads the top losers ’ list despite its good performance over the past month. The asset consolidated between $5 and $7 for almost the whole month but witnessed a deep dive on Aug. 29.  You might also like: Top 10 crypto in August 2023: SEI toke...

Revolut’s suspension of cryptocurrency services in the United States will affect 1% of their total global user base, the firm said. Cryptocurrency-friendly trading neobank Revolut is wrapping up its crypto services in the United States amid the ongoing regulatory uncertainty. Soon after announcing a partial delisting of certain digital assets from its platform, Revolut took a decision to suspend all crypto services for U.S. users, the firm said in a statement to Cointelegraph on Aug. 4. Together with its U.S. banking partner, Revolut will be working to suspend access to crypto through its platform starting from Sept. 2, 2023. The firm then will completely shut down crypto services on Revolut on Oct. 3, a spokesperson for the online bank said, adding: “The access to cryptocurrencies through Revolut will be fully disabled and US customers will no longer be able to buy, sell, or hold any cryptocurrencies.” The Revolut representative emphasized that the decision to leave the U.S. marke...

BTC price performance goes sideways but Bitcoin bulls retain $30,000 as support after the weekly close. Bitcoin (BTC) circled $30,500 at the June 26 Wall Street open as bulls held newfound support. BTC/USD 1-hour chart. Source: TradingView Bitcoin ETF hype puts demands on U.S. session Data from Cointelegraph Markets Pro and TradingView showed BTC price action retaining $30,000 around the weekly close. The largest cryptocurrency began the week on a stable note as U.S. markets began trading, with observers hoping for a copycat move from the week prior. Then, the U.S. had provided the lion’s share of buyer interest, following multiple announcements of institutional product applications based on the Bitcoin spot price. “Last week, most action and buying pressure, happened during the US Stock Market Open Hours,” popular trader Daan Crypto Trades noted on the day. Fellow trader Skew agreed, calling the June 26 U.S. trading session “important.” $BTC Aggregate CVDs & Delta Spot buying l...

Ether’s 78% price recovery since July 2022 is at risk of exhaustion due to an unconvincing volume profile. The price of Ethereum’s native token, Ether (ETH), has recovered 78% since June 2022. But this doesn’t guarantee further upside, particularly with declining trading volumes suggesting that the risk of a major correction is high.  Ether volume profile drops 90% since March 2020 A “volume profile” indicator displays trading activity across prices, with the blue indicating buying volume and the yellow indicating sell volume.  Illustration of a volume profile bar. Source: TradingView In March 2020, when the market bottomed, Ether’s volume profile on a weekly chart showed about 160 million ETH trades across the $85–$270 price range. At the time, the selling volume was greater than the buying volume by around 4 million ETH. But Ether buying volume regained momentum after ETH price rallied above $270 in July 2020. Notably, between July 2020 and November 2020, the Ether volume profile ...

There may be no single reason for BTC’s 39% January price gain, but some suspect institutional investors. Can their impact be quantified, though? Bitcoin experienced the second-strongest January in its history — and the best since 2013 — rising nearly 40% amid wide reports that institutional investors were back on board. Zhong Yang Chan, head of research at CoinGecko, told Cointelegraph that there were “net institutional inflows into digital asset funds in January 2023, particularly in the last two weeks, with Bitcoin the largest beneficiary.” Meanwhile, a Jan. 30 CoinShares blog noted that the total assets under management in digital asset investment products — a good gauge of institutional participation — had risen to $28 billion, led by Bitcoin (BTC), which was up 43% from November 2022’s low point in the current cycle. The reasons for this bullishness varied depending on whom one asked, ranging from macro factors like a pause in inflation growth to more technical reasons like a s...

Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin. Institutional investors are “not giving up on crypto,” with recent data pointing to as much as 85% of Bitcoin buying being the result of American institutional players, according to Matrixport’s chief strategist.  Markus Thielen, the head of research and strategy at the financial services firm, told Cointelegraph the evidence shows that institutions are not “giving up on crypto” and is an indicator that we might be entering a new “crypto bull market now.” The data was shared in a Jan. 27 report from Matrixport, which suggests that it can be distinguished whether a digital asset is more favorable by retail or institutional investors at any given time based on whether that asset is performing well in the United States or Asian Trading hours. The report stated that if an asset that trades 24 hours “performs well” during U.S. trading hours, it indi...