Kalshi Seeks Regulatory Approval for Perpetual Futures on Altcoins
- Perpetual Futures Filing: Kalshi has filed with the CFTC to self-certify perpetual futures linked to 12 altcoins, including XRP, Solana, and Dogecoin, indicating a strategic push into the crypto derivatives market and highlighting the growing interest in altcoin exposure.
- Increased Market Competition: This application positions Kalshi in a market traditionally dominated by offshore venues, competing against major players like Binance and Coinbase, which could reshape the landscape of crypto derivatives trading in the U.S.
- Concentrated Trading Volume: Despite rising demand for altcoins, open interest remains heavily concentrated in Bitcoin (approximately $54.9 billion), Ethereum ($31.5 billion), Solana ($5.5 billion), and XRP ($3 billion), reflecting investor preference for established assets amidst price volatility.
- Regulatory Scrutiny: The CFTC has stated it will evaluate each token on its own merits rather than granting blanket approvals, suggesting that Kalshi may face stricter regulatory scrutiny, which could impact its future market strategies and product launches.
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Technical Analysis for BCH
Technical Sentiment Analysis for Bitcoin Cash (BCH). As of , Bitcoin Cash (BCH) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BCH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BCH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin Cash (BCH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 146.32 | 169.01 | 189.22 | 211.91 | 232.12 | 254.81 | 275.02 |
| Fibonacci | 169.01 | 185.398 | 195.522 | 211.91 | 228.298 | 238.422 | 254.81 |
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