Altcoin News Official TheBitTimes.com

According to CryptoQuant data, Bitcoin (BTC) open interest has climbed to a new all-time high of nearly $44.5 billion. The rise in BTC’s open interest came amid a price dip, which has raised some concerns about the asset’s performance. The development could signal a rise in leverage and higher risks of volatility and price swings. A 2021 study found that a rise in open interest amid a price dip could introduce a 30% rise in volatility. A similar pattern was observed in 2017, when BTC experienced a rise in open interest and was followed by a 70% correction within weeks. Exchanges could automatically sell off collateral to cover their losses. Source: CryptoQuant Will BTC Face A Correction? Source: Mynewsdesk.com While historically, Bitcoin (BTC) has faced corrections when similar events have taken place, a lot has changed over the last year. The ETF products have brought a lot of institutional money into BTC. This aspect of the equation was absent during the 2017 dip. BTC...

The world’s largest crypto exchange platform by trading volume is abruptly adding support for one decentralized finance (DeFi) application (DApp), causing its native token to skyrocket. In a new announcement, Binance says it is adding support for DeFi App (HOME), a DApp that aims to simplify decentralized trading as well as make it more accessible. After the addition, HOME skyrocketed, going from a low of $0.0201 on June 10th to a peak of $0.038 just two days later. The token has since retraced and is trading for $0.033 at time of writing, a gain of 10.3% during the last 24 hours. HOME was also added to Binance’s HODLer airdrops, a program launched in June 2024 that rewards investors holding Binance’s native asset BNB with crypto assets based on previous snapshots of their balances. On its official webpage, the developers behind DeFi App state that the project aims to address several challenges faced by crypto users, including the risk of errors...

Back on November 20, semiconductor leader Nvidia (NASDAQ: NVDA) released its Q3 FY 2025 earnings report. It showed that, like in most recent quarters, the Jensen Huang-led venture saw meteoric growth and expansion. However, the markets were not satisfied. Nvidia stock has been on a pretty lengthy and strong rally for two years now — and after such impressive capital appreciation, it becomes increasingly hard to impress investors, who cannot be blamed for locking in their profits. On a year-to-date (YTD) basis, NVDA stock has seen prices increase by 163.07% to $130.28 at press time. Picks for you $7 billion wiped from XRP in a day 1 hour ago WhiteBIT Sets a New Benchmark: Crypto Exchange Achieves $2.7 Trillion in Annual Trading Volume and $...

The Stellar price has skyrocketed 48% in the last 24 hours to trade at $0.2016 as of 10 p.m. EST on a 397% jump in trading volume to $2.9 billion. Stellar (XLM) is riding the wave after Ripple (XRP) soared past the $1 mark. These two digital currencies, renowned for their roles in smoothing global financial transactions, each carve out unique paths. Ripple focuses on streamlining global payments for banks, while Stellar reaches out to individuals and businesses, particularly those underserved by traditional banking. With lightning-fast transaction speeds of 3-5 seconds and impressively low fees, both tokens have captured the attention of investors worldwide. However, the spotlight on XLM has grown even brighter since Coinbase Derivatives launched XLM futures contracts alongside Silver (SLR) on November 11. This announcement sparked a flurry of activity, with XLM holders seizing the opportunity to expand their portfolios and bet on Stellar’s future. Stellar Price May Continue...

A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA). The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui (SUI) is set to rip after breaking out from the upper boundary of an ascending channel on the four-hour chart. Bluntz also says that the breakout is coinciding with a surge in trading volume. “SUI is seriously gonna continue to rip so hard from here, it’s legit free money in my opinion. These slow grinding-up channel breakouts on volume almost always signal a strong impulse is underway. The leaders continue to lead.” Source: Bluntz/X Based on his chart, it appears that Bluntz is suggesting that SUI could surge to over $2.40, a gain of around 75% from the current level. Sui is trading at $1.37 at time of writing, up by 58% from a low of $0.867 r...