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All about Bitcoin Ordinals, fees, hash rates and more

The decline in Ordinals inscriptions has impacted the fees on the Bitcoin network. The hash rate and Miner revenue have recently increased despite the drop in fees. Bitcoin [BTC] made a notable entrance into the NFT scene, demonstrating its significance beyond being just another participant. The surge in NFT popularity not only influenced transactions but […]

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What does rising funding rates mean for Bitcoin

Bitcoin’s annualized funding rate reached a two-month high, impacting trading activity and volatility. Whale interest surged and MVRV ratio declined. In the last few days, Bitcoin[BTC] faced a brief slump, breaching the $27,000 mark. Despite this, the prevailing sentiment regarding cryptocurrency was predominantly positive. Read Bitcoin’s Price Prediction 2023-2024 Funding rates grow One notable development

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Bitcoin and Ethereum’s price drop sparks options expiry and negative rates

The combined notional value of BTC and ETH options set to expire is around $820 million. BTC and ETH witnessed negative funding rates below -0.1 for the first time in over seven months. According to data from Greeks Live, more than $500 million worth of Bitcoin [BTC] options contracts are nearing their expiration. A similar

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