Learn How Trade Crypto
The weekly chart is holding support and could signal a return of positive momentum this month. Bitcoin (BTC) buyers are taking profits after a rally toward $42,000 over the weekend. The cryptocurrency appears overbought and could find support around $34,000, which is the midpoint of a two-month range. The intermediate-term uptrend is improving after a […]
Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. Bitcoin (BTC) and Ether (ETH) exposure has come to one of the world’s biggest automated investment firms. In a blog post on July 29, Wealthfront, which has $25 billion in assets, confirmed that it had […]
The “max pain point” for the July expiry was $35,000. Bitcoin faced selling pressure on Friday after Deribit, the world’s largest crypto options exchange by volume and open interest, settled monthly options contracts worth $1.6 billion. The cryptocurrency slipped from $39,800 to $38,500 after 08:00 UTC (4 a.m. ET), the designated settlement time on Deribit. A […]
According to one analyst, some $1 billion in trading positions were liquidated as prices surged. Bitcoin market analysts are speculating over what fueled the cryptocurrency’s price jump on Monday, and some of the experts say a short squeeze of heavily leveraged traders may have added to upward pressure on prices. Bitcoin and other cryptocurrencies have risen […]
Bitcoin (BTC) returned above $30,000 support during Asia hours as buyers reacted to oversold conditions. The next level of resistance is seen around $32,000 and $34,000 given the intermediate-term downtrend. The quick rebound above $30,000 is similar to the June 22 shakeout which preceded a brief price rally. Bitcoin was trading around $31,400 at press […]
Wall Street is seeing “too much froth” and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one analyst. Bitcoin dropped below $30,000, breaking below a trading range that had held for the past four weeks and potentially setting up the largest cryptocurrency for deeper price declines. The cryptocurrency […]
If $30,000 is broken, the next level of support is seen around $27,000. Bitcoin (BTC) is stuck in a month-long downtrend as traders experienced choppy conditions over the past few days. A break below $30,000 is likely given the loss of upside momentum and strong resistance on the charts. The cryptocurrency was trading around $31,000 […]
Bank of America, the second-largest bank in the U.S., has approved the trading of bitcoin (BTC, 0%) futures for some clients, according to two people with knowledge of the matter who spoke on condition of anonymity. Like most institutions, the bank has been conservative in its approach to the crypto sector, but due to the large amount of […]
The SEC instituted proceedings on whether to approve the WisdomTree bitcoin ETF application, effectively delaying any firm decision by a few months. The U.S. Securities and Exchange Commission (SEC) pushed a decision on WisdomTree’s bitcoin (BTC, +0.21%) exchange-traded fund (ETF) application to the autumn. In a Tuesday order launching proceedings on whether or not the agency should approve […]
The purchase provides the firm with indirect exposure to MicroStrategy’s more than 105,000 bitcoin reserves. Capital International Investors, a unit of Los Angeles-based investment firm Capital Group, has purchased a 12.2% stake in MicroStrategy (MSTR), a business-intelligence company that has invested heavily in bitcoin (BTC, -1.69%). According to a filing with the U.S. Securities and Exchange Commission on June […]