Category: Cryptocurrency Trading

The past week has seen a significant 40% drop in Open Interest on the XRP market. While some investors might perceive this as a bearish signal, there are several strategic moves traders can employ to capitalize on this scenario and trade XRP profitably.nnFirstly, it’s essential to remember that lower Open Interest doesn’t necessarily indicate a…

Cryptocurrency Spoofing: Understanding the Basics and Ensuring Securityn Cryptocurrency spoofing is an illegal activity where market manipulators create an illusion of a booming or crashing cryptocurrency market. They achieve this by placing multiple fake orders, misleading other traders about the supply and demand of a certain cryptocurrency.nn## How It Worksn Spoofers manipulate the market by…