Day: January 15, 2024

Bitcoin Long-Short Ratio Surges to Multi-Month High on Binance

The long-short ratio for Bitcoin on Binance Futures has reached a multi-month high, reflecting investor optimism in the cryptocurrency market. This ratio serves as a vital indicator of market sentiment, with a higher long-short ratio indicating a more bullish outlook for Bitcoin’s future price performance. Over the past 24 hours, the long-short ratio has experienced […]

AI-Based Crypto Rating Agencies Could Help Identify ‘Dodgy’ Projects

In the wake of high-profile crypto collapses such as Terra, FTX, and Celsius in 2022, industry leaders are revisiting the role of crypto rating agencies in managing risks within the crypto industry. Over a year has passed since these infamous incidents rocked the crypto world, and executives are discussing the potential of AI-based rating agencies […]

JPMorgan Predicts Inflows of $36 Billion into Spot Bitcoin ETFs

J.P. Morgan has shed light on the potential capital inflows into newly created spot Bitcoin exchange-traded funds (ETFs). While the exact amount of fresh capital remains uncertain, the bank anticipates substantial investments from existing crypto products, such as the Grayscale Bitcoin Trust (GBTC). The market’s reaction to the U.S. Securities and Exchange Commission’s (SEC) cautious […]