Category: Cryptocurrency News

Advertisment Tensions between the U.S. and Iranian administrations are believed to have triggered the most recent BTC price surge. Bitcoin prices surged monetarily on January 7 in anticipation of a situational escalation. It led to some investors seeking refuge in safe-haven financial assets to hedge against an imminent calamity. Bitcoin rates spiked to $8,168, a new high in 2020 from $6,946 before cascading to sub $8,000 figures. Iranians Didn’t Rush to Buy Bitcoin Some crypto pundits have hypothesized that Iranians Read more …

Advertisment In the crypto ecosystem, things change fast. Even though we may make predictions of different cryptocurrencies, some of the metrics that seem essential today may suddenly change in a matter of months. Nonetheless, as we enter a new decade, we’ll look at some important happenings that will likely shape the market in 2020. Given that the cryptocurrency market heats up, it is time to look at some of the promising altcoins. The reason we are focusing on altcoins is Read more …

If you’ve been on Crypto Twitter at all over the past few days, you’ve likely noticed the sentiment that “Ethereum will be the best-performing asset of the ongoing decade, the 2020s.” For some reason or another, this narrative has garnered much traction among cryptocurrency investors, who have notably without a full-fledged bull run for over two years now. The popularity of this sentiment may have something to do with the fact that Bitcoin was easily the best investment of the Read more …

A report published on Jan. 9 by cryptocurrency market research firm Arcane Research, Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% increase in a week at the start of 2020, with almost $1.5 billion traded just on Jan. 8. The report reads: “The market recovered sharply from the disappointing $192 million that were traded on Jan. 1.” Crypto market “certainly getting more bullish” The researchers Read more …

2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have a long way to go to catch up to the trade volumes retail bitcoin derivatives platforms have seen. Also Read: Mining Report Highlights China’s ASIC Read more …

Advertisment Bitcoin has been heralded as many things: Hard Money, Digital Gold, Uncensorable Banking, and Electronic Cash. As the technology powering blockchain becomes more understood and widespread, Bitcoin has also taken on the label of an “Uncorrelated Asset.” This means that it does not follow, or trade with any other publicly available stock or ETF. Bitcoin has also taken on the label of an “Uncorrelated Asset.” While this has been a common rallying call for Bitcoin enthusiasts, a deeper look Read more …

Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now. Even I saw some bullish momentum as outlined in last week’s analysis, but have we seen the bottom yet? Or is there more downside to come before we resume a bull trend? Daily crypto market performance. Source: Coin360.com The monthly MACD is bearish BTC USD monthly chart. Source: TradingView Working Read more …

The British Queen and Prince Harry are having crisis talks, after the latter said that he didn’t really want to be royal any more, and was moving to Canada with wife, Meghan. We cannot confirm or deny rumors that his real motivation might be more to do with cheap hydroelectric energy and atmospheric cooling for a planned Bitcoin mine. Bitcoin Price: Gaining Ground It’s been a fairly healthy week for BTC price; a bit of a rollercoaster, admittedly, but an Read more …

Bitcoin (BTC) has been caught within the throes of volatility over the past several days and weeks, with this turbulent price action leading the cryptocurrency to surge as high as $8,300 yesterday before incurring a significant amount of selling pressure that briefly pushed it below its key support at $8,000. Buyers were able to defend against further downside, however, which ultimately led BTC to rebound to its current price levels around $8,200. Analysts are now noting that the confluence of Read more …

According to JPMorgan managing director Nikolaos Panigirtzoglou, the activity of the CME bitcoin futures contract has increased in the past year. It indicates that the demand for BTC and new options contract for the dominant cryptocurrency is high. Institutional demand for bitcoin is critical in long-term The cryptocurrency market has grown throughout the majority of the past eleven years with the absence of institutions. The 2017 bull market was primarily fueled by retail investors in key markets like the U.S., Read more …

Cryptocurrency derivatives exchange FTX has launched Bitcoin (BTC) options trading on Jan. 11. FTX CEO Sam Bankman-Fried announced in a tweet yesterday that options were listed on the trading platform. Furthermore, later the same day he also claimed that options trading volume on the exchange reached $1 million in about 2 hours. Noteworthy volume While the announcement does not specify which crypto assets are supported by the options just launched on the platform, the website only shows Bitcoin-based options. According Read more …

Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus on crypto oversight. Further, China’s central bank has made digital currency a priority. Also read: Regs Roundup: SEC Actions, Crypto Tax-Free in Korea, New Chinese Laws SEC Compliance Office Focused on Crypto The Securities and Exchange Commission (SEC)’s Office Read more …