Learn How Trade Crypto
Last week’s launch of the ProShares Bitcoin Strategy ETF (BITO) was a smash hit by any measure. Yet, it may be that at least part of its success could be the result of how the instrument is structured rather than pure demand from buyers hoping for bitcoin exposure. In just a few hours, the futures-focused […]
Just days after launch, the first U.S. Bitcoin futures exchange-traded fund risks becoming too popular for its own good. The Proshares Bitcoin Strategy ETF (ticker BITO) is already on track to breach a limit on the number of futures contracts it is permitted to hold by the Chicago Mercantile Exchange, according to data compiled by Bloomberg. […]
Bitcoin’s hashrate is expected to climb back near its all-time highs, potentially helping mining profitability, as China’s grip on the sector subsides. The ”Fear, Uncertainty and Doubt” or FUD about China controlling the cryptocurrency is “now moot” as Bitcoin’s hashrate is expected to reach near all-time highs, according to a report by Luxor Technologies. The […]
Blockchain data shows recent surges in the days leading up to multimillion-dollar user acquisition programs. Experts offer some possible explanations as to why. “Buy the rumor, sell the news.” It is not surprising when a token sees a price pop after its underlying blockchain announces a multimillion-dollar program to attract new users. But in the […]
The max pain price for Friday’s bitcoin options expiry is $44,000. Bitcoin is again experiencing moderate price turbulence heading into the monthly options expiration. The cryptocurrency is trading at about $47,000 at press time, representing a 4.4% drop on the day, CoinDesk 20 data show. The decline has reversed Wednesday’s 2.7% gain and exposed bitcoin to […]
Bitcoin (BTC) buyers continued to take profits during Asia hours as short-term overbought signals appeared on the charts. The cryptocurrency is trading around initial support at $47,500 at press time and is down about 3% over the past 24 hours. A lower support zone between $42,000-$45,000 could stabilize the pullback. Bitcoin four-hour price chart shows […]
The dollar may depreciate after Friday’s event, triggering renewed inflows into bitcoin and equities. Bitcoin has chalked up an impressive rally ahead of the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., on Friday. Analysts say the virtual event could strengthen cryptocurrency’s bullish trajectory. Bitcoin was trading at a three-month high of $50,200 at press […]
“The institutional world is turning cautious on stocks and that is making cryptocurrencies look very attractive,” said one analyst. The world’s largest cryptocurrency is up 6% over the last 24 hours and has broken the $48,000 mark for the first time since May. At press time, bitcoin (BTC, +4.72%) was trading at $48,748 according to CoinDesk 20 data. […]
Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value. Bitcoin (BTC) is roughly flat over the past 24 hours as the rally near $45,000 appears exhausted. Short-term overbought signals could encourage profit-taking, although buyers will likely return around the $38,000 to […]
Bitcoin is under pressure, although buyers could return for a brief bounce. Bitcoin (BTC) sellers remained active during Asia hours as the cryptocurrency slipped further below $40,000 resistance. The next level of support is seen around $34,000-$36,000, which could stabilize the pullback. Bitcoin was trading around $38,000 at press time and is down 2% over […]