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Bitget emerges resilient in Q3 2023, recording a significant 9.43% market share and exceptional performance for its native token BGB, despite challenging market conditions. Crypto derivatives and copy trading platform Bitget has weathered a challenging Q3 market with noteworthy resilience, according to its latest transparency report. While the overall industry saw a decline in spot and derivative trading volumes, Bitget’s market share climbed to an impressive 9.43% in September. Bitget's latest Transparency Report: Q3 saw growth in market share , $6.7M+ profitable trades via Copy Trading, 69 new assets & BGB in Top 5 platform tokens. $368M Protection Fund & 200% PoR ensures safety. Expansion to Middle East & focus on DeFi & Web3. https://t.co/FAbzqQIIB5 — Bitget Trading Club UK (@BitgetUK) October 20, 2023 Exceptional token performance Bitget’s native token, BGB, emerged as one of the top five platform tokens by market cap, registering a...

Bitcoin’s failed breakout to the upside shows that the range-bound action could continue for some time but that may not hinder the bullish possibilities in TON, LINK, MKR, and XTZ. Bitcoin (BTC) tried to break out of its range in the first half of last week but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indicating uncertainty about the next directional move. Although it is difficult to predict the direction of the breakout, the downside could be limited in the near term on expectations that the United States Securities and Exchange Commission (SEC) may eventually approve one or more pending applications for a spot Bitcoin exchange-traded fund. Former commission chair Jay Clayton sounded confident when he said in a recent interview that “an approval is inevitable.” Crypto market data daily view. Sourc...

Bitcoin (BTC) recently broke above the $28,000 mark after 12 days. CryptoQuant attributes this upsurge to the derivatives market rather than the traditional spot exchanges.  The CryptoQuant report highlighted some key factors that likely propelled this price rally. The report further calls for caution amid the growing FOMO (fear of missing out) creeping into the market. The recent $BTC rally was driven by Derivatives Exchanges, not Spot Exchanges "There is a tendency for prices to change significantly even with small trading volumes because the overall liquidity in the cryptocurrency market has decreased." by @mac_d46035 Link… pic.twitter.com/7dNkioAP0B — CryptoQuant.com (@cryptoquant_com) August 30, 2023 Interestingly, a comparison of the trading volumes of spot and derivatives exchanges indicates a decrease in the role of spot exchanges in driving the price up. This suggests that the surge in BTC price yesterday was not primarily driven by spot exchanges, per t...

As the global crypto market capitalization fell below the $1.15 trillion mark, Bone ShibaSwap (BONE) witnessed notable highs and lows over the past week.  BONE, ShibaSwap’s governance token, registered a 17% loss over the past week and plunged by 13% in the past 24 hours alone. While the downward movement continues, Bone whales have been making accumulation moves. BONE price, whale activity, active addresses, and exchange outflow – Aug. 17 | Source: Santiment According to data provided by the market intelligence platform Santiment, whale transactions consisting of at least $100,000 worth of BONE have doubled over the past two days — rising from only 19 trades on Aug. 15 to 38 transfers on Aug. 16. You might also like: BONE sees 25% weekly gains as daily addresses surge Moreover, Santiment data shows that BONE’s exchange outflow has doubled in the same timeframe — surging from 1.18 million tokens to 2.36 million over the past two days. Quite similarly, the num...

Cardano (ADA) shark and whale addresses have amassed more tokens amid the persistent downturn, accumulating $116 million worth of ADA in two months. This accumulation trend coincides with a consistent rise in on-chain volume. Santiment disclosed on Aug. 8 that whale and shark addresses holding between 100,000 and 10 million ADA have been buying the dip. As a result, the rate of ADA’s circulating supply collectively held by these addresses has surged to levels not witnessed since September 2022.  As #Cardano sits just above $0.29, whales and sharks holding between 100K-10M $ADA have accumulated back to their highest level since September, 2022. Additionally, #onchain transaction volume has been rising nearly every week for the past 6 months. https://t.co/x9mUHDIhnx pic.twitter.com/X9WphDpPvy — Santiment (@santimentfeed) August 8, 2023 Similarly, transaction volume has continued to rise over the past six months. Following the low in February, transaction volume gai...

Bitcoin and select altcoins are showing signs of a possible recovery in the near term but higher levels may continue to attract sellers. As the year comes to an end, investors will be keenly watching for a Santa Claus rally on Wall Street as many believe that if the rally does not happen, the next year may either remain flat or turn negative.  Jurrien Timmer, director of global macro at asset management giant Fidelity Investments, tweeted on Dec. 19 that the United States equities Markets may remain “sideways” and choppy in 2023. He expects “one or more retests of the 2022 low, but not necessarily much worse than that.” Daily cryptocurrency market performance. Source: Coin360 The cryptocurrency market has been largely correlated with the S&P 500 in 2022. Unless both markets decouple, the sideways or negative action in the equities markets may not bode well for the cryptocurrency market. Analysts remain divided on the future price action for Bitcoin (BTC). While some expect a recov...