Bitcoin price slashes a chunk of the gains accrued since the weekend trading; sabotaging recovery above $10,000. BTC/USD is in the hands of the sellers but consolidation is likely between $9,400 and $9,600. Bitcoin price turned heads earlier this week with its majestic rise to highs above the critical $10,000. In fact, the crypto extended […]
Ethereum posted an intense breakout rally yesterday that allowed it to set fresh local highs This rally came about rather suddenly, with it coming about prior to any movement seen by Bitcoin or the aggregated crypto market Analysts are now noting that this uptrend may start to falter in the days ahead, as it is […]
Bitcoin has seen a notable price rise over the past week, bouncing from its recent lows of $8,800 that were set during its latest downtrend. The subsequent uptrend allowed the cryptocurrency to rally up to highs of $9,700 just a couple of days ago. The visit to this level was fleeting, as buyers quickly lost […]
Hut 8 Mining Corporation saw a bump in price and trading volume Friday ahead of next month’s bitcoin halving.
Fear of the Coronavirus pandemic infected investor confidence, leading Bitcoin price to crash by 50% but as this occurred retail demand for Bitcoin increased and institutions left. Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According […]
Bitcoin futures volumes on CME picked up the pace on Thursday as bitcoin extended the recent rally to levels above $7,200.
Futures linked to the bitcoin market experienced a spike in their volumes this Thursday as the cryptocurrency’s spot rate broke above $7,000. Crypto statist Skew highlighted that trading activity on CME’s and Bakkt’s bitcoin derivatives marketplaces surged by up to $595 million and $27 million, respectively. The move uphill left CME’s open interest as high […]
Earlier at the start of the year, the altcoin market broke through downtrend resistance spanning two years of crypto winter. The breakout caused an explosive rally that caused many crypto assets to double in value in just two months’ time. However, trading volume has only increased during the recent selloff, reaching a new all-time high […]
Chileans traded almost USD $300 million in Bitcoin over LocalBitcoins.com last week. This jump in over-the-counter trading points to greater shifts in the global economic status quo. Mass Adoption Clearly Underway The data shows a sharp increase in Chilean OTC Bitcoin transactions beginning in late 2016, and although volatile, demonstrates a sharp upward trend. The […]
Bitcoin’s recent bullishness has come to a grinding halt when BTC faced multiple firm rejections earlier today after attempting to break above the strong resistance that exists between $9,800 and $10,000. This intense resistance, however, has not yet catalyzed any notable sell-off, which seems to elucidate some underlying strength amongst the crypto’s buyers, and may […]
Bitcoin Futures have garnered a lot of attention from the crypto-industry, especially after the Intercontinental Exchange [ICE] rolled out its digital asset platform, Bakkt, back in September. After t The post Bakkt’s daily volume records new ATH as Bitcoin soars appeared first on AMBCrypto.
The past three days have been an absolute whirlwind for Bitcoin, with the price of the leading cryptocurrency whipping between $7,150, $6,400, and everywhere in between, seemingly without rhyme or reason. Related Reading: Goldbug Peter Schiff Calls For Bitcoin To Close 2019 at A Loss This latest bout of volatility hasn’t gone unnoticed. Institutions trading […]
Coinspeaker Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Yesterday the Bitcoin network saw about $9 billion being moved in over 20 transactions, all within an hour. It’s a new record. Bitcoin Sets New $9 Billion Record for Hourly Transaction Volume Continue reading at Coinspeaker
The turnover and volumes of Tether (USDT) boomed in the past days, while the market was crashing. USDT volumes are now above $31 billion, as sell-offs boosted the demand for stablecoins. Tether in the Top 4 USDT is now the fourth largest coin by market capitalization, lining up at the top as other assets slid. […]
BitMEX, the most active futures market, is slowing down as it grinds towards the end of the year. The BTC volume on the exchange has now dropped to the lowest levels in 2019. BitMex Slows Activity to Levels of November 2018 The current BTC volumes resembles the situation of November 2018, when BTC stagnated and […]
Bitcoin futures daily volumes on digital asset platform Bakkt have hit a new all-time high with 1,741 futures traded on Nov. 9. Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov. 9. Bakkt announced the new record, stating: “Today we set a […]
Bitcoin (BTC) hasn’t been doing too hot over the past 24 hours. As of the time of writing this piece, the cryptocurrency is down some 5% on the day — falling from yesterday’s peak of $9,250 to $8,700 — having lost the key $9,000 support level after holding strong above it for nearly two weeks’ […]
Ethereum (ETH) has been caught in a bout of consolidation within the mid-$180 region, which has been largely guided by Bitcoin’s inability to garner any momentum that pushes it away from the lower-$9,000 region, which is where it has been trading for the past several days. Now, analysts are noting that ETH may be positioned […]
Binance exploded onto the scene in late 2017 and quickly captured the lion’s share of the overall crypto market, even despite dominance from platforms like Coinbase. But a recent change in the regulatory climate forced Binance to move US investors off its flagship platform and onto a new US-based exchange. And just like the original […]
Bitcoin recorded one of the most massive comebacks as the cryptocurrency bounced from trading in the $7000 mark straight to $9000 mark within a few hours. This rally not only led to the entire market glimmering in green but also seems to have contributed to a significant boost of the Bitcoin futures market, with Binance […]
Many different factors can influence the future value of Bitcoin. Given the current circumstances, it seems rather unlikely that any major uptrend will materialize. The Bakkt Bitcoin futures are seemingly becoming more popular, but it seems plausible to assume that popularity will only trigger more bearish pressure in the foreseeable future. Bakkt is on the Move […]
Trading appears to be off to a positive start on Bakkt following its launch late yesterday. The same cannot be said for Bitcoin which at the moment is experiencing a lull in volume and volatility. Bakkt Bitcoin Volume to Increase Over Time Launching a major institutional investment product for a relatively new asset is not […]
Bitcoin has been facing a bout of sideways trading for the past several days, but today’s drop to below $10,200 may spell trouble for the cryptocurrency’s near-term price action and may point to the possibility that BTC will soon revisit its nearest level of major support at $10,000. This latest drop, although relatively minor, has […]