Traders longing ADA futures spike after Trump’s crypto reserve reveal: Bitrue

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Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3. 

As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from a daily average of roughly $15 million in late February, according to data from Bitrue. 

Of those open positions, nearly 92% are long, indicating a bet the price of ADA will rise, Bitrue said. 

“As a result of all this…



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Traders longing ADA futures spike after Trump’s crypto reserve reveal: Bitrue


Longing Cardano (ADA) futures has emerged as the fastest growing trade on Bitrue after President Donald Trump announced plans to add the altcoin to a US strategic cryptocurrency reserve, the crypto exchange said on March 3. 

As of March 3, Bitrue traders hold ADA futures worth more than $26 million in notional value, up from a daily average of roughly $15 million in late February, according to data from Bitrue. 

Of those open positions, nearly 92% are long, indicating a bet the price of ADA will rise, Bitrue said. 

“As a result of all this…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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