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Has Bitcoin Bottomed Out? Celsius Network CEO Reveals What’s Coming Next for BTC After Dip

Celsius Network CEO Alex Mashinsky says he’s bullish on Bitcoin despite BTC’s brief dip below $35,000 amid heightened tensions between Russia and Ukraine. In a Kitco News interview, the head of the crypto lending platform says Bitcoin has likely found strong support around the $30,000 price and is now set on an upward trajectory. “Yes, I […]

The post Has Bitcoin Bottomed Out? Celsius Network CEO Reveals What’s Coming Next for BTC After Dip appeared first on The Daily Hodl.

Polkadot Pulls Back From Support Level, Will It Hit Next Resistance Or Support Level?

Polkadot Pulls Back From Support Level, Will It Hit Next Resistance Or Support Level?

Since the beginning of the year, the crypto market is experiencing a bearish run disappointing the traders and investors. It’s

The post has appeared first on thenewscrypto.com

GALA: Will the next couple of months usher in an uptrend

GALA: Will the next couple of months usher in an uptrend?Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice In November, GALA rocketed from $0.074 to $0.744 and registered around 1000% gains in a matter of two weeks. Since mid-November, the price has been retracing most of those gains and had established a downtrend […]

Bitcoin, Tether, Ethereum Trade for Premiums in Ukraine, Hryvnia BTC Price $3K Higher Than Global Average

Bitcoin, Tether, Ethereum Trade for Premiums in Ukraine, Hryvnia BTC Price $3K Higher Than Global AverageAfter Ukraine’s central bank imposed a limit on cash withdrawals, Kuna, a cryptocurrency exchange that provides trades in ruble and hryvnia saw a notable surge in volume. Moreover, to this day, crypto-assets being swapped on Kuna such as bitcoin, tether, and ethereum are trading for a significant premium. Crypto in Ukraine Sees Premiums The ongoing […]

Bitcoin Cash Price Prediction: BCH/USD May Cross Above $320

Bitcoin Cash Price Prediction – February 26 The Bitcoin Cash price prediction shows that BCH price is preparing to cross above the moving average to [...]

Pantera Capital Believes Bitcoin Could Rally Higher Soon

Pantera Capital believes Bitcoin could rally higher soon thanks to the consequences of the Fed policies and the taxation policies as we can see more today in our latest bitcoin news. Despite the many turbulences in the crypto market, Pantera Capital believes tht Bitcoin could soon rally higher in the next few weeks. According to […]

Ethereum’s Futures Premium Hit 7-Month Low: Price Analysis

Ethereum’s futures premium hits a 7-month low as the price reaches $2800 today according to the charts that we have in our latest Ethereum price news. ETH price dropped 30% in two weeks and the derivatives data shows traders are getting bearish even with the rally leading it back to $2800. ETH reached a local […]

Polygon (MATIC) Price Prediction: MATIC Downtrend Expected To Extend By 17% From Current Level

Polygon (MATIC) price fails to capitalize on the previous session’s gains. MATIC opened higher but could not sustain the higher levels. The current price action could extend by another 10% to $1.35 before polygon set any directional basis. Polygon (MATIC) trades lower with significant losses. A decisive break below $1.26 could trigger a fresh round

The post Polygon (MATIC) Price Prediction: MATIC Downtrend Expected To Extend By 17% From Current Level appeared first on CoinGape.

Video: Pokémon UNITE Championship Series February Finals are now live, watch them here

The Pokémon Company has officially announced the Pokémon UNITE Championship Series. Read on below to learn more: https://www.youtube.com/watch?v=RRu40rl9jHE LATAM Finais de Fevereiro | Pokémon UNITE Championship Series Bem-vindos as Finais de Fevereiro LATAM da série de campeonatos de Pokémon UNITE! Hoje os 16 melhores times da região competem por Pontos de Campeonato e direitos de … Continue reading Video: Pokémon UNITE Championship Series February Finals are now live, watch them here

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study Claims

China Mining Ban Worsened Bitcoin’s Carbon Footprint, Study ClaimsContrary to some expectations, Beijing’s crackdown on the crypto mining industry has increased Bitcoin’s carbon emissions, researchers have alleged. Leaving China, miners also left behind its eco-friendly hydropower and are increasingly relying on energy generated by fossil fuels, they claim. Bitcoin Mining Allegedly Less Green Since Miners’ Exodus From China Cryptocurrency mining has become a […]

Bitcoin (BTC) regains crucial support despite intensified military confrontations in Ukraine

After falling sharply in today’s session, Bitcoin (BTC) has for now regained a crucial…

The post Bitcoin (BTC) regains crucial support despite intensified military confrontations in Ukraine appeared first on Coin Journal.

All you Should Know About Cryptocurrency Arbitrage

All you Should Know About Cryptocurrency Arbitrage

Cryptocurrencies such as Bitcoin and Ethereum are traded on hundreds of various exchanges globally, and the price of a cryptocurrency on one exchange may differ from that on another exchange. Cryptocurrency arbitrage is a method in which traders purchase a cryptocurrency on one exchange and quickly sell that cryptocurrency for a higher price on another exchange.  This is where the old Wall Street tactic of ‘arbitrage’ comes into play. ‘Capturing the arb’ refers to profiting from the fact that an asset is selling for a low price in one exchange but a greater price in another. Traders use crypto arbitrage to take advantage of cryptocurrency’s lower price on one exchange by buying and selling it instantly for a higher price on another exchange.  Why are the Prices of Cryptocurrencies on Crypto Exchanges so Different? Centralized Exchanges The first thing to understand is that cryptocurrency pricing on centralized exchanges is determined by the order book’s most recent bid-ask matched order. So, the most recent price at which a trader buys or sells a digital asset on an exchange is termed the exchange’s real-time price. For example, if the most recently matched market order on an exchange is to buy bitcoin for $40,000, this price becomes the platform’s newest bitcoin price. The next matching order will determine the cryptocurrency price after that. Therefore, price discovery on exchanges is a constant process of deciding a cryptocurrency market price based on its most recent selling price. Decentralized Exchanges On the other hand, decentralized crypto exchanges utilize a different approach to price crypto assets. This is referred to as an ‘Automatic Market Maker’ approach since it relies on crypto arbitrage traders to keep prices consistent across exchanges. Decentral exchanges use liquidity pools rather than using an order book system to match buyers and sellers to trade cryptocurrencies at a specific price and volume. A separate pool must be set up for each cryptocurrency trading pair. What Are Different Types of Cryptocurrency Arbitrages? The most popular cryptocurrency arbitrage techniques used by crypto traders are discussed below: Deterministic Arbitrage This is the most common arbitrage technique. It entails traders purchasing and selling a digital asset on two exchanges at the same time to profit from market inefficiencies. The trader finds arbitrage opportunities on two different exchanges, buys the asset on the lower-priced platform, then sells the asset at a higher price on the higher-priced platform. Triangular Arbitrage It is also possible to profit from the uncorrelated pricing of three cryptocurrency pairs on an exchange, particularly if one of the cryptocurrencies is underpriced on the platform at the time. A trader may, for example, exchange BTC for ETH, convert ETH to SOL, and then trade SOL back to BTC. To summarise, this procedure entails shifting funds between BTC/ETH, ETH/SOL, and SOL/BTC combinations to accumulate more BTC. Decentralized Arbitration Traders use this approach to perform arbitrage trades on decentralized exchanges (DEXs) like Uniswap, Balancer, and Curve. Arbitrageurs can buy and sell pooled digital assets undervalued or overvalued on these various DEX platforms. These activities inevitably lead to price uniformity across Dexes like centralized crypto exchanges.   Statistical Arbitrage   This entails leveraging quantitative data models and algorithms to profit from large-scale arbitrage possibilities. Because the process is automated, an arbitrageur can make hundreds of deals in a matter of minutes, significantly increasing his or her profit potential.    Risks involved in Cryptocurrency Arbitrage  Losses   To be successful in crypto arbitrage, traders must execute trades fast so that they can profit from cryptocurrency price disparities across exchanges while they are still profitable.   A trader must be careful not to boost the buying price and decrease the selling price of a token by their own trades, especially in the thinly traded types of crypto that provide the widest spreads. Volume All crypto exchanges work similarly, and the pricing of crypto depends on the exchange’s most recent trade. It is important to remember that all trades are not made equal. Some trades happen with massive amounts of money, while others don’t trade with larger amounts. The trading volume on each influences the liquidity and accessible prices on a given exchange. Low volume could indicate that the exchange cannot execute a large enough trade to generate an investor’s profit. Low volume could also indicate that the trade is doable but will take too long to execute. Costs of Transactions Simultaneously, traders must watch the transaction fees associated with buying cryptocurrencies on different trading platforms. These fees will continue to fluctuate as the cryptocurrency markets develop, changing from exchange to exchange. Hacks & Fraud The cryptocurrency industry is mainly unregulated. There are also more chances of hacking, fraud, and monetary collapse. As a result, storing cryptocurrency safely is a hot topic among investors.

The post All you Should Know About Cryptocurrency Arbitrage appeared first on Cryptoknowmics-Crypto News and Media Platform.

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