Coinbase shares are once again benefiting from Bitcoins strong rally, highlighting the close but imperfect relationship between COIN stock and the worlds largest cryptocurrency. Unlike Strategy (MSTR), Coinbase does not primarily gain Bitcoin exposure by holding large amounts of the cryptocurrency on its balance sheet. Instead, the crypto exchange generates much of its revenue from […]
Category: News
XRPs sharp rally has drawn leveraged traders back into the derivatives market, increasing the risk of heightened volatility as the cryptocurrency begins to retreat from recent gains. XRP surged about 44% over the past week, outperforming many major cryptocurrencies. According to CryptoQuant data, the estimated XRP leverage ratio on Binance has climbed to roughly 0.21, […]
Crypto market sentiment has rapidly shifted from fear to greed as Bitcoins strong rally and sharp gains across altcoins revive investor appetite for risk. The Crypto Fear Greed Index climbed to 74 on Tuesday, a dramatic increase from 27 on Aug. 12, before slipping to 65 on Wednesday. The index had remained in fear territory […]