UntagMoney

DYOR! As the cryptocurrency market continues to evolve at a breakneck pace, understanding the intricate details of trading volumes and market dominance becomes ever more crucial for investors and enthusiasts alike. In the volatile world of digital currencies, certain coins stand out not just for their technological innovations or community support, but for their sheer market presence and trading activity. Here, we present the top performers in both trading volume and market dominance, providing a snapshot of the current crypto landscape. This analysis excludes stablecoins, which often skew market perceptions due to their unique role in providing liquidity and stability. Instead, we focus on the major players that drive the market’s dynamism and volatility. Bitcoin (BTC) Trading Volume: $15,406,307,676 Dominance: 53.03% Current Price: $69,195.15 Ethereum (ETH) Trading Volume: $9,915,440,976 Dominance: 17.50% Current Price: $3,747.51 BNB (BNB) Trading Volume: $1,390,387,787 Domi...

The USA Announces Bitcoin Purchase: How Will It Impact the Crypto Market?

The recent announcement by the U.S. government to officially purchase Bitcoin has sent shockwaves through the global cryptocurrency market. This decision marks a pivotal moment in the history of cryptocurrencies, with significant implications not only for Bitcoin but also for the broader crypto ecosystem. In this post, we'll explore how this groundbreaking move is likely to shape the market. 1. A Surge in Market Value The U.S. government's Bitcoin acquisition is poised to serve as a massive bullish signal for the market. Such a substantial institutional investment is expected to drive demand for Bitcoin, leading to sharp price increases. Analysts predict that this move could push Bitcoin to all-time highs, with some even suggesting it might break the million-dollar mark. The market's anticipation of such an institutional entry alone is enough to generate significant upward momentum. 2. Boost in Institutional Confidence When a government as influential as the United States e...

Understanding the Difference Between Monthly and Perpetual Futures Contracts

When it comes to trading futures, there are two main types to understand: monthly (or standard) futures contracts and perpetual futures contracts. Both are popular in cryptocurrency and traditional markets, but they differ in key ways. Here’s an overview of how each works, along with their unique advantages and drawbacks. 1. Monthly (Standard) Futures Contracts Monthly futures, also known as standard futures contracts, are agreements to buy or sell an asset at a predetermined price on a specific date. They are called “monthly” because these contracts have set expiration dates, often occurring on a monthly or quarterly basis. On the expiration date, the contract is settled, meaning that either physical delivery of the asset takes place (in commodities markets) or the contract is cash-settled (in cryptocurrency and financial markets). Key Features of Monthly Futures: Expiration Date : Each contract has a set expiration date, which could be a monthly, quarterly, or another predetermined p...