NFT News Today TheBittimes.com

XRP open interest surged on Monday, October 13, as the crypto rebounded nearly 8% over the previous 24 hours and regained roughly $32 billion in market cap lost during last Friday’s market collapse. The daily trading volume also rose 40%, to $10.7 billion, suggesting renewed buying sentiment following a wipeout sparked by President Donald Trump’s declaration of a 100% tariff on Chinese imports, which triggered $19 billion in crypto liquidations within minutes.  As of the time of writing, daily XRP open interest, the total value of outstanding futures and options contracts that have not been settled, is up 2.38%, sitting at approximately $1.36 billion, according to data Finbold retrieved from CryptoQuant . XRP 24-hour open interest. Source: CryptoQuant This spike indicates a sharp and quick uptick in leveraged positioning, as traders re-enter the market to capitalize on the increased volatility. More precisely, increasing percentages following a sudden price reb...

Avalanche (AVAX) is experiencing quite a price surge, while the larger crypto market consolidates after the recent correction. According to CoinGecko statistics, AVAX’s price has surged 7.3% in the daily charts, 17.9% in the weekly charts, 27.9% in the 14-day charts, and 24.4% over the previous month. AVAX’s price seems to be moving contrary to Bitcoin (BTC), which seems to be plateauing at the $115,000 mark. Avalanche’s (AVAX) latest upswing follows Bitwise’s recent S1 application to the SEC for a spot ETF. Source: CoinGecko Will Avalanche Hit a New All-Time High Amid Bitwise’s ETF Application? Source: Securehindi ETFs have played a vital role in the current crypto market cycle. Bitcoin (BTC) has hit multiple all-time highs after the SEC approved 11 spot ETFs last year. Ethereum (ETH) also hit a new all-time high earlier this year, thanks to corporate treasuries and ETF inflows. A similar pattern could emerge for Avalanche (AVAX) as well, if the SEC approv...

Bitcoin is closing on $100,000 after US President Donald Trump teased a major trade deal that’s set to be announced today, likely with the UK. In a Truth Social post, Trump promised a “BIG NEWS CONFERENCE” at 10 a.m. from the Oval Office, where he said he will unveil a “MAJOR TRADE DEAL WITH REPRESENTATIVES OF A BIG, AND HIGHLY RESPECTED, COUNTRY. THE FIRST OF MANY!!!” The post sparked a surge in crypto markets, propelling Bitcoin past $99,000 for the first time in nearly two months. Though Trump didn’t name the country, the New York Times reported that it would be the UK, and the BBC reported that UK Prime Minister Kier Starmer would make an announcement today about a deal with the US on tariffs. Bitcoin Breaks Above $99K For The First Time Since Mid-Feb Bitcoin is trading at more than $99,500 as of 4:13 a.m. EST, the first first time BTC has risen above $99K since Feb. 21, according to TradingView.  Daily chart for BTC/USD (Source: Trad...