Bitcoin News Thebittimes.Com

The Bitcoin futures' premium surge is having traders ask whether this is excitement or a return to the average after a multi-month bear market. The Bitcoin (BTC)  futures ' premium has reached its highest level in 18 months on July 4. But traders are now questioning whether the derivatives metrics indicate "excessive excitement" or a "return to the mean" after a prolonged bear market. BTC price gains capped by regulators, macroeconomics Bitcoin's price has been trading in a narrow 4.4% range since June 22, oscillating between $29,900 and $31,160 as measured by its daily closing prices. The lack of a clear trend might be uncomfortable to some, but that is a reflection of the opposing drivers currently in play. For instance, investor sentiment was negatively affected by the historic reversion of the U.S. Treasury yield curve, which reached its highest level on record. U.S. 10-year / 2-year spread. Source: Real Investment Advice The closely monitored inve...

Tron’s price has been quite volatile on FTX. Long wicks extending above candlesticks on the short time frame charts have been registered by the altcoin, indicating that buyers have been trying to push up the price. However, most of their attempts seem to be futile, for Tron has dropped by more than 47% since 21:00 UTC. In the same time period, TRX was down by only 3.2% on Binance. Around that time, the asset created a local high of $0.44 on FTX [right]. However, on other exchanges, Tron was trading with an extra zero of around $0.05830 [left]. Resultantly, the premium stood at 654.717%. At press time, the 15th-ranked crypto was priced at $0.232 on FTX, while it was trading at $0.056 on Binance, the world’s largest exchange. Source: TradingView The number of transactions executed on Tron, nonetheless, remain to be flat, indicating that the majority of market participants are currently exercising caution by not overindulging in the blockchain. Source: tronscan.io ...