Features TheBitTimes.com

Bitcoin (BTC) rallied during this week, moving from its lowest price of $26,814 on Sunday to trade for as high as $30,233 on October 20 (Friday). This move marks another uncorrelation between the leading cryptocurrency and the core stock market indexes. Notably, CryptoRank identified a major outperformance from Bitcoin related to traditional finance asset s and Ethereum (ETH) year-to-date (YTD). According to a performance analysis on October 20, Bitcoin outperformed Ethereum, Gold, NASDAQ’s index, and the SPY in 2023. Accruing over 4,000 basis points (bps) more than the second-best performing asset, ETH, both cryptocurrencies. Interestingly, with 79.7% and 34.9% accumulated gains YTD, Bitcoin and Ethereum outperformed NASDAQ (+26.9%) by 5,280 bps and 800 bps, respectively. The SPY and Gold were also left behind with accumulated gains of 13.2% and 7.03% each in 2023. BTC outperforms traditional finance assets in 2023. Source: CryptoRank Bitcoin is a “flight to quality” vs. trad...

Price slippage occurs in both centralized and decentralized exchanges, but what are the causes and risks associated with it? Price slippage is a constant risk in trading on centralized exchanges (CEXs) and decentralized exchanges (DEXs) alike. It occurs when a trader’s order is executed at a different price than the one intended. It can happen due to high volatility, low liquidity or delays in order execution, resulting in a noticeable difference between the expected and actual transaction price. The DeFi ecosystem prioritizes decentralization and transparency, so the price slippage problem is more prominent than on centralized platforms. Price slippage on CEXs and DEXs On CEXs, price slippage is caused by factors such as low liquidity, high volatility and order book depth. CEXs are platforms that connect buyers and sellers of digital assets, with order books being a key element. An order book is a record of all buy and sell orders placed by traders for a particular cryptocurrency. It...