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Bitcoin (BTC) experienced a sharp 6.6% drop, resulting in an 11% market cap loss. The trigger for this plunge came from rising concerns surrounding Trump’s trade tariffs, which sent tremors throughout global financial markets and sparked fear in the cryptocurrency sector. However, Bitcoin has since staged a remarkable recovery, bouncing back with an 8% gain…
A Bitcoin futures contract is a financial agreement that allows buyers and sellers to trade Bitcoin at a predetermined price on a specified future date. This mechanism is commonly used for risk management (hedging) and speculation on price movements. Understanding how these contracts work is crucial for investors looking to leverage Bitcoin’s volatility while managing…
The cryptocurrency market has recently taken a hit, losing around 2.25% of its valuation in just 24 hours. With a trading volume of $190.85 billion, the global crypto market cap is currently at $3.22 trillion. Bitcoin (BTC), the largest cryptocurrency by market cap, is hovering around the $98,000 mark, signaling a heightened bearish sentiment. Short-Term…