By Mandy Williams Bitcoin’s latest rally appears to be driven partly by short covering rather than fresh leveraged positions, according to QCP Research. Open interest has fallen as BTC advanced, while strong spot ETF inflows have provided additional demand, the firm noted. Spot demand is also strengthening, with QCP noting that ETF inflows are nearing […]
Tag: BTC
By Mandy Williams A bizarre error that mistakenly credited Bithumb customers with roughly 620,000 BTC is now producing victories for the South Korean exchange in court. The Seoul Central District Court has ordered one customer to return about $140,400 (194 million won) after they sold BTC mistakenly credited to their account. The court ruled Thursday […]
By Dimitar Dzhondzhorov The second-largest cryptocurrency rose by 2% over the past 24 hours, thus once again jumping beyond the $2,500 milestone and adding fresh fuel to analysts’ prevailing bullish outlook. However, not everyone shares that optimism, with one market observer warning of a potential 40% collapse ahead. Modest and Ridiculous Targets ETH’s increase to […]