In recent months, the crypto community has begun to see an open gap trading strategy on the bitcoin futures chart on the CME exchange increasingly. Over the past weekend, one of the largest gaps in the history of the CME Bitcoin Futures chart has been formed which has over 900 points.
In this article we are going to figure out what are the gaps, how do they form, and what their varieties are. We will also determine the pattern of development of gap trading strategy in the cryptomarket.
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In this article we are going to figure out what are the gaps, how do they form, and what their varieties are. We will also determine the pattern of development of gap trading strategy in the cryptomarket.
Read article
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Dear users, we had to perform unplanned reboot of the frontend servers. System will be back in a minute. Sorry for inconvenience.
Bitcoin went down to $5550 within 1 hour.
Bitcoin fell by 24% in a moment of intensive panic in the market reaching $5550 - the May last year price. In one hour of market decline, a record sum of $2.3 billion in liquidations was registered. At the same time, the cryptocurrency market lost over $50 billion in just few hours.
This was the second strongest market decline since November 2018.
Bitcoin fell by 24% in a moment of intensive panic in the market reaching $5550 - the May last year price. In one hour of market decline, a record sum of $2.3 billion in liquidations was registered. At the same time, the cryptocurrency market lost over $50 billion in just few hours.
This was the second strongest market decline since November 2018.
The Most Interesting News in Our Digest
Capitalization: $140 billion
Trade volume (24h): $242 billion
BTC Dominance: 64.4%
BTC: $5,116 (-32,9%)
Bitcoin has lost 50% of its value in the last 24 hours falling to $3,780 on Binance, thus updating the 12-month minimum. At the moment of the fall, Bitcoin broke through the trend line formed since 2015. Now the price has returned to the area of $5,000, but possibly further strong movement.
🔹The World Health Organization (WHO) has declared coronavirus pandemic in the world.
🔹CME Group announced that after the end of the working day on March 13, the trading floor will be closed due to the coronavirus pandemic. Traders were aware of this in advance as evidenced by the minimum Bitcoin futures trading volume.
🔹The Bank of England has made an emergency reduction of the base interest rate in terms of the risks associated with the coronavirus. The rate was lowered by 50 (0.25%) basis points.
🔹According to new OXT research, the PlusToken pyramid laundered $1.3 billion in cryptographic currency through OKEx, Huobi and other trading platforms. At the moment, scammers have 37725 BTC. And 33872 coins had already been passed through the "mixers".
🔹Analytical startup ByteTree has developed a Mining Rolling Stock Indicator (MRI) to assess the confidence of miners in market growth.
#3C_digest
Capitalization: $140 billion
Trade volume (24h): $242 billion
BTC Dominance: 64.4%
BTC: $5,116 (-32,9%)
Bitcoin has lost 50% of its value in the last 24 hours falling to $3,780 on Binance, thus updating the 12-month minimum. At the moment of the fall, Bitcoin broke through the trend line formed since 2015. Now the price has returned to the area of $5,000, but possibly further strong movement.
🔹The World Health Organization (WHO) has declared coronavirus pandemic in the world.
🔹CME Group announced that after the end of the working day on March 13, the trading floor will be closed due to the coronavirus pandemic. Traders were aware of this in advance as evidenced by the minimum Bitcoin futures trading volume.
🔹The Bank of England has made an emergency reduction of the base interest rate in terms of the risks associated with the coronavirus. The rate was lowered by 50 (0.25%) basis points.
🔹According to new OXT research, the PlusToken pyramid laundered $1.3 billion in cryptographic currency through OKEx, Huobi and other trading platforms. At the moment, scammers have 37725 BTC. And 33872 coins had already been passed through the "mixers".
🔹Analytical startup ByteTree has developed a Mining Rolling Stock Indicator (MRI) to assess the confidence of miners in market growth.
#3C_digest
Decentralized Finance (DeFi) as an alternative to the banking system.
DeFi is a set of new financial instruments based on decentralized systems and networks. DeFi-applications quickly increased funds on contracts, user base and can become the main trend of 2020.
In this article we are going to consider what decentralized finance is and what caused such a hype around this phenomenon.
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DeFi is a set of new financial instruments based on decentralized systems and networks. DeFi-applications quickly increased funds on contracts, user base and can become the main trend of 2020.
In this article we are going to consider what decentralized finance is and what caused such a hype around this phenomenon.
Read article
Market Situation Overview
Last week crypto market faced one of the worst decline for all the history of crypto-industry. Bitcoin became an object of the biggest sale loosing $70 billion and falling lower than $4000. Market capitalization decreased by $100 billion.
The positive aspect is that sales pressure comes not from the crypto-ecosystem, but from traditional financial economics and external factors. Unlike stock exchange companies, Bitcoin is falling because of panic reactions, not because of some fundamental factors affecting its value.
In this article we will analyze the main reasons of market decline over the past week.
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Last week crypto market faced one of the worst decline for all the history of crypto-industry. Bitcoin became an object of the biggest sale loosing $70 billion and falling lower than $4000. Market capitalization decreased by $100 billion.
The positive aspect is that sales pressure comes not from the crypto-ecosystem, but from traditional financial economics and external factors. Unlike stock exchange companies, Bitcoin is falling because of panic reactions, not because of some fundamental factors affecting its value.
In this article we will analyze the main reasons of market decline over the past week.
Read article
#BLOG
The Most Interesting News in Our Digest
Capitalization: $149 billion
Trade volume (24h): $113 billion
BTC Dominance: 63.5%
BTC: $5,194 (-0,07%)
After the Fed's decision, Bitcoin reacted with a rapid 15% growth. However, the growth did not last long. Just an hour later, when Wall Street futures opened in red, Bitcoin returned to the $5300 range.
Bitcoin continues to trade in a wide range (4500-6000) and has high daily volatility, which is the reason for many liquidations on exchanges.
🔹Fed has lowered the base rate again, this time almost to zero. The decision to reduce the rate to 0 - 0.25% was made in response to the negative impact of the coronavirus pandemic on the global economy.
🔹The Bitcoin correlation with the S&P 500 index reached its highest level ever. This was stated by Arcane Research analysts. Just in that one day the correlation progressed from an insignificant level of 0.1 to more than 0.5. Despite the fact that the drop of the correlation will drop sharply again, there is no doubt that investors are no longer considering the cryptocurrency as a "safe haven" due to problems in the global economy.
🔹 The Bitcoin price is still within the Stock-to-Flow model values. It was stated by the creator of the PlanB-model on his Twitter noting that the extremely high volatility within the predicted interval is caused by vulnerable investors.
🔹 Bakkt CEO Adam White has announced new payment integration with Starbucks. Some users of Starbucks app have the opportunity to pay for their purchases with "Bakkt Cash" along with other options.
🔹BitMEX was attacked by DDoS during the market decline. Trading on the BitMEX Cryptocurrency Derivatives Exchange was interrupted on March 13 during the market decline. In the result, a total sum of 40 BTCs ($200,000) was paid to the victims of the attack.
BitMEX CEO Arthur Heiss reported in company's blog that DDoS attacks were organized on March 13. The orders setup on the stock exchange has slowed down significantly and worked incorrectly due to the attacks resulting the losses on 156 exchange accounts.
#3C_digest
Capitalization: $149 billion
Trade volume (24h): $113 billion
BTC Dominance: 63.5%
BTC: $5,194 (-0,07%)
After the Fed's decision, Bitcoin reacted with a rapid 15% growth. However, the growth did not last long. Just an hour later, when Wall Street futures opened in red, Bitcoin returned to the $5300 range.
Bitcoin continues to trade in a wide range (4500-6000) and has high daily volatility, which is the reason for many liquidations on exchanges.
🔹Fed has lowered the base rate again, this time almost to zero. The decision to reduce the rate to 0 - 0.25% was made in response to the negative impact of the coronavirus pandemic on the global economy.
🔹The Bitcoin correlation with the S&P 500 index reached its highest level ever. This was stated by Arcane Research analysts. Just in that one day the correlation progressed from an insignificant level of 0.1 to more than 0.5. Despite the fact that the drop of the correlation will drop sharply again, there is no doubt that investors are no longer considering the cryptocurrency as a "safe haven" due to problems in the global economy.
🔹 The Bitcoin price is still within the Stock-to-Flow model values. It was stated by the creator of the PlanB-model on his Twitter noting that the extremely high volatility within the predicted interval is caused by vulnerable investors.
🔹 Bakkt CEO Adam White has announced new payment integration with Starbucks. Some users of Starbucks app have the opportunity to pay for their purchases with "Bakkt Cash" along with other options.
🔹BitMEX was attacked by DDoS during the market decline. Trading on the BitMEX Cryptocurrency Derivatives Exchange was interrupted on March 13 during the market decline. In the result, a total sum of 40 BTCs ($200,000) was paid to the victims of the attack.
BitMEX CEO Arthur Heiss reported in company's blog that DDoS attacks were organized on March 13. The orders setup on the stock exchange has slowed down significantly and worked incorrectly due to the attacks resulting the losses on 156 exchange accounts.
#3C_digest
Introducing Cross Leverage — a New Feature in the Futures Smart Trade Terminal
🔹 We have added a new feature for Bybit and Bitmex futures trading. Set the amount you want to use for the trade, and the leverage will be calculated automatically.
Example:
- You have $100, but you want to trade using $245
- Choose "Cross" as Leverage type
- In the Units field, enter the amount you wish to trade with, in this case, $245
- Upon creation and execution of the trade, you will have an open position of $245 with a leverage of x2.45
Available for Bybit and Bitmex exchanges on the Pro subnoscription plan.
🔹Market movement prediction:
Vote for BTC, ETH, and other popular coins. Press like button if it's time to Buy, Sell or Hold.
Check real-time cryptocurrency rankings.
🔹 We have added a new feature for Bybit and Bitmex futures trading. Set the amount you want to use for the trade, and the leverage will be calculated automatically.
Example:
- You have $100, but you want to trade using $245
- Choose "Cross" as Leverage type
- In the Units field, enter the amount you wish to trade with, in this case, $245
- Upon creation and execution of the trade, you will have an open position of $245 with a leverage of x2.45
Available for Bybit and Bitmex exchanges on the Pro subnoscription plan.
🔹Market movement prediction:
Vote for BTC, ETH, and other popular coins. Press like button if it's time to Buy, Sell or Hold.
Check real-time cryptocurrency rankings.
Notice of Removal of Trading Pairs on Binance
AMB/BNB, DUSK/USDC, NULS/BNB, QSP/BNB, RCN/BNB - 2020/03/20
https://binance.zendesk.com/hc/en-us/articles/360040740472
AMB/BNB, DUSK/USDC, NULS/BNB, QSP/BNB, RCN/BNB - 2020/03/20
https://binance.zendesk.com/hc/en-us/articles/360040740472
Bitcoin’s Deflationary Model and its Impact on the Price
"Moderate inflation is good for the economy while deflation leads to stagnation" — this statement is so widespread that most people do not even bother to evaluate its fairness. But Bitcoin’s supply is limited, therefore, its economy is deflationary.
This article will work through the differences between deflation and inflation as well as if Bitcoin’s deflation will lead to it’s long-term price increase.
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"Moderate inflation is good for the economy while deflation leads to stagnation" — this statement is so widespread that most people do not even bother to evaluate its fairness. But Bitcoin’s supply is limited, therefore, its economy is deflationary.
This article will work through the differences between deflation and inflation as well as if Bitcoin’s deflation will lead to it’s long-term price increase.
Read article
#BLOG
MarketCap: $178,170,034,801
24h Mcap Change: 20.73%
Bitcoin Dominance: 64.1%
Active Cryptos: 2,354
24h Volume Change:34.12%
24h Volume:$117,373,962,717Here’s our digest with the latest news:
Capitalization: $175 billion
Trade volume (24h): $170 billion
BTC Dominance: 64.6%
BTC: 6,199$ (+16,54%)
Bitcoin is once again in an upward trend and has climbed above the 50-day moving average. Despite last week's huge losses, the asset is starting to recover above $5700. At current value, Bitcoin witnessed a 40% rise from its March 13 low. If the upward trend continues, the key resistance level is in the $5900-$6000 range and the support level is in the $4600-$4800 range.
🔹Tether starts its printing press once again. During the last three months USDT supply has grown by 13.5%. Over the last week alone, the company printed USDT 180M worth $180M. Prior printing often led to market growth and tended to be a good signal for the BTC ecosystem.
🔹BitMEX published a study on the impact of Coronavirus on the economy and financial markets. Analysts believe that the epidemic will cause major changes in the economic regime, which will lead to inflation. They also noted that Bitcoin may show positive performance during such a difficult financial situation for the markets.
🔹The number of "Buy Bitcoin" requests in Google Trends spiked to YOY record highs during the market crash.
#3C_digest
Capitalization: $175 billion
Trade volume (24h): $170 billion
BTC Dominance: 64.6%
BTC: 6,199$ (+16,54%)
Bitcoin is once again in an upward trend and has climbed above the 50-day moving average. Despite last week's huge losses, the asset is starting to recover above $5700. At current value, Bitcoin witnessed a 40% rise from its March 13 low. If the upward trend continues, the key resistance level is in the $5900-$6000 range and the support level is in the $4600-$4800 range.
🔹Tether starts its printing press once again. During the last three months USDT supply has grown by 13.5%. Over the last week alone, the company printed USDT 180M worth $180M. Prior printing often led to market growth and tended to be a good signal for the BTC ecosystem.
🔹BitMEX published a study on the impact of Coronavirus on the economy and financial markets. Analysts believe that the epidemic will cause major changes in the economic regime, which will lead to inflation. They also noted that Bitcoin may show positive performance during such a difficult financial situation for the markets.
🔹The number of "Buy Bitcoin" requests in Google Trends spiked to YOY record highs during the market crash.
#3C_digest
Accelerating a Transaction In a Clogged Network
Many users have been in a situation where it was necessary to speed up the transaction. On March 19, for example, the Ethereum network was so clogged that the number of "stuck" transactions reached 75 thousand, and many users’ transactions awaited confirmations for over a day.
In this article we'll consider ways to speed up and cancel transactions on both Bitcoin and Ethereum blockchains, as well as analyze the sources, providing the relevant transaction fees information in order to increase the confirmation speed.
Read article
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Many users have been in a situation where it was necessary to speed up the transaction. On March 19, for example, the Ethereum network was so clogged that the number of "stuck" transactions reached 75 thousand, and many users’ transactions awaited confirmations for over a day.
In this article we'll consider ways to speed up and cancel transactions on both Bitcoin and Ethereum blockchains, as well as analyze the sources, providing the relevant transaction fees information in order to increase the confirmation speed.
Read article
#BLOG
Here’s our digest with the latest news:
Capitalization: $186 billion
Trade volume (24h): $142 billion
BTC Dominance: 65.7%
BTC: 6,685$ (+2.72%)
Over the past 24 hours, Bitcoin has continued showing strong growth, adding over 15% to its value and solidifying at $6700. Cryptocurrencies market is gradually beginning to recover after the bleeding and is entering the green phase, having increased by $12 billion over the past two days.
🔹USD starts to weaken amid new large-scale support measures from the Fed, aimed at providing dollar liquidity. Analysts believe that QE will have a positive impact on bitcoin’s price in the long term.
🔹Correlation between Bitcoin and S&P 500 reached a historic high last week — Arcane Research analysts stated, noting that this connection is most visible during the sharp decline in the value of the cryptographic currency.
🔹The U.S. suggested using a cryptocurrency to fight COVID-19. House Democrats stated that digital dollar issuance would help restore the economy and accelerate social payments to citizens.
🔹The largest mining company Bitmain announced the official sales launch of the next-gen Antminer S19. Sales are kicking off in China with international sales following soon.
🔹China’s Central Bank has posted a statement, noscriptd “Protection of Financial Consumption Rights and Interests”. The document provides information on the risks of investing in Bitcoin and other cryptocurrencies. The Central Bank named three main problems associated with cryptocurrencies: trading volumes manipulation, multiple technical failures and money laundering.
#3C_digest
Capitalization: $186 billion
Trade volume (24h): $142 billion
BTC Dominance: 65.7%
BTC: 6,685$ (+2.72%)
Over the past 24 hours, Bitcoin has continued showing strong growth, adding over 15% to its value and solidifying at $6700. Cryptocurrencies market is gradually beginning to recover after the bleeding and is entering the green phase, having increased by $12 billion over the past two days.
🔹USD starts to weaken amid new large-scale support measures from the Fed, aimed at providing dollar liquidity. Analysts believe that QE will have a positive impact on bitcoin’s price in the long term.
🔹Correlation between Bitcoin and S&P 500 reached a historic high last week — Arcane Research analysts stated, noting that this connection is most visible during the sharp decline in the value of the cryptographic currency.
🔹The U.S. suggested using a cryptocurrency to fight COVID-19. House Democrats stated that digital dollar issuance would help restore the economy and accelerate social payments to citizens.
🔹The largest mining company Bitmain announced the official sales launch of the next-gen Antminer S19. Sales are kicking off in China with international sales following soon.
🔹China’s Central Bank has posted a statement, noscriptd “Protection of Financial Consumption Rights and Interests”. The document provides information on the risks of investing in Bitcoin and other cryptocurrencies. The Central Bank named three main problems associated with cryptocurrencies: trading volumes manipulation, multiple technical failures and money laundering.
#3C_digest
📱Dear friends, we've updated 3Commas iOS app
What's new:
🔹New design of login and registration screen.
🔹Updates on the "Dashboard" screen. Now tap on the exchange account displays the number of coins, their price, amount in $, and price change in $.
🔹Some updates in the "Summary" section, here you can see information about all the coins on your exchanges.
🔹Now you can connect new exchanges on the "My Exchanges" section.
🔹New section where you can view and compare all available subnoscription plans.
🔹Bots and Smart Trade section — offers more information for easy viewing. Tap on a deal or trade for more details.
🔹Bot details sections — more accessible than ever, you can now see deal start conditions.
🔹To contact support, go to the “Settings” screen, select “Help Center” and start a dialogue in right corner at the bottom of screen.
✉️We are looking forward to your feedback, contact us via mobile@3Commas.io. If you like the 3Commas app, please rate us on the App Store.
🛒 Download 3Commas app from App Store ➡️ https://apps.apple.com/us/app/3commas-cryptocurrency-tool/id1370977008
A notification to update your active app will come in 7 days.
What's new:
🔹New design of login and registration screen.
🔹Updates on the "Dashboard" screen. Now tap on the exchange account displays the number of coins, their price, amount in $, and price change in $.
🔹Some updates in the "Summary" section, here you can see information about all the coins on your exchanges.
🔹Now you can connect new exchanges on the "My Exchanges" section.
🔹New section where you can view and compare all available subnoscription plans.
🔹Bots and Smart Trade section — offers more information for easy viewing. Tap on a deal or trade for more details.
🔹Bot details sections — more accessible than ever, you can now see deal start conditions.
🔹To contact support, go to the “Settings” screen, select “Help Center” and start a dialogue in right corner at the bottom of screen.
✉️We are looking forward to your feedback, contact us via mobile@3Commas.io. If you like the 3Commas app, please rate us on the App Store.
🛒 Download 3Commas app from App Store ➡️ https://apps.apple.com/us/app/3commas-cryptocurrency-tool/id1370977008
A notification to update your active app will come in 7 days.
Forwarded from Dericlientbot
TIME CONFIRMATION
🛠 SCHEDULED MAINTENANCE - THURSDAY 26 MARCH 2 PM UTC (pending market volatility)
Expected downtime 5 - 15 minutes.
Type: Various functionality improvements, new security measures and bug fixes. See change list here: https://www.deribit.com/pages/information/Releases
Client impact: No protocol impact, however the system will be down for around 5-15 minutes. Client systems will not be able to communicate with Deribit during this time.
‼️ALL USERS LOGGED IN VIA FRONTEND ARE REQUIRED TO LOGIN AGAIN AFTER RELEASE.
🛠 SCHEDULED MAINTENANCE - THURSDAY 26 MARCH 2 PM UTC (pending market volatility)
Expected downtime 5 - 15 minutes.
Type: Various functionality improvements, new security measures and bug fixes. See change list here: https://www.deribit.com/pages/information/Releases
Client impact: No protocol impact, however the system will be down for around 5-15 minutes. Client systems will not be able to communicate with Deribit during this time.
‼️ALL USERS LOGGED IN VIA FRONTEND ARE REQUIRED TO LOGIN AGAIN AFTER RELEASE.
Margin Trading: “Big money comes with significant risks”
Volatility demonstrated by the cryptocurrencies market allows traders to profit during both bear and bull markets through margin trading.
This article elaborates on margin trading, as well as the main advantages and disadvantages of working with this tool.
Read article
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Volatility demonstrated by the cryptocurrencies market allows traders to profit during both bear and bull markets through margin trading.
This article elaborates on margin trading, as well as the main advantages and disadvantages of working with this tool.
Read article
#BLOG
Notice of Removal of 15 Trading Pairs on Binance
AE/BNB, APPC/BNB, BCPTBNB, CMT/BNB, DNT/ETH, DUSK/PAX, MTH/ETH, NXS/BNB, OMG/BNB, PHB/BNB, POE/ETH, RDN/BNB, SKY/BNB, WPR/ETH, XLM/PAX
https://binance.zendesk.com/hc/en-us/articles/360041076472-Notice-of-Removal-of-Trading-Pairs-2020-03-27
AE/BNB, APPC/BNB, BCPTBNB, CMT/BNB, DNT/ETH, DUSK/PAX, MTH/ETH, NXS/BNB, OMG/BNB, PHB/BNB, POE/ETH, RDN/BNB, SKY/BNB, WPR/ETH, XLM/PAX
https://binance.zendesk.com/hc/en-us/articles/360041076472-Notice-of-Removal-of-Trading-Pairs-2020-03-27