Data Shows Bitcoin’s Progression From Retail To Institutional Asset

Data Shows Bitcoin’s Progression From Retail To Institutional Asset

As Bitcoin matures, a wider range of investors begins to consider the asset as an investment to add to their portfolios. New data shows exactly how Bitcoin is stepping out of the shadows of niche communities and has entered into the mainstream, attracting not only retail investors but a steady amount of institutional investors as well. Crypto […]

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

The future is looking bright for Bitcoin, according to ETF and mutual fund manager VanEck. The firm many believe in the best position to first launch a BTC exchange-traded fund explains its positive outlook for the leading cryptocurrency in a new report. The asset management firm defines Bitcoin as having monetary value, rather than intrinsic value. [VanEck] […]

Bitcoin is Setting Up For a Violent Long Squeeze, Which May Trigger New Lows

Bitcoin is Setting Up For a Violent Long Squeeze, Which May Trigger New Lows

Bitcoin bulls across the crypto market have been celebrating their recent victories in pushing the leading cryptocurrency by market cap’s price higher and higher, busting through downtrend resistance and closing both the most recent weekly and monthly candles bullish. But the victory dance could soon turn to sobs of remorse if a violent long squeeze that […]

VanEck: Bitcoin Price Historically Increased Following Halving

VanEck: Bitcoin Price Historically Increased Following Halving

May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity. Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event. Halving Historically Leads to Massive Gains The […]

Bitcoin Futures Expiration, Soaring Open Interest Could Signal Major Move Ahead

Bitcoin Futures Expiration, Soaring Open Interest Could Signal Major Move Ahead

The institutional traders on CME Group’s Bitcoin futures trading desk and the retail traders and crypto whales trading on BitMEX often dominate the market and dictate where the market goes next. With Bitcoin futures contract expiry coming up this Friday, and with BitMEX open interest soaring to new highs every hour, an incredibly massive and volatile move […]

CME Takes Its Bitcoin Options Live, Competing With ICE’s Bakkt

CME Takes Its Bitcoin Options Live, Competing With ICE’s Bakkt

Options on CME’s bitcoin futures contracts launched on the CME Globex around 15:00 UTC Monday. Each contract, quoted in U.S. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. CME relies on trade flow data from several of the large bitcoin exchanges to accurately track bitcoin’s price. Bitcoin derivatives have been available on multiple […]

Bitcoin Makes Biggest Weekly Price Gain Since October

Bitcoin Makes Biggest Weekly Price Gain Since October

Bitcoin logged double-digit price gains last week, confirming a reversal from a six-month downtrend. The top cryptocurrency by market cap gained 11.2 percent in the seven days to Jan. 12, the biggest weekly gain since October, according to CoinDesk’s Bitcoin Price Index. Prices rallied by 16 percent in the third week of October. Since then, bitcoin […]

10M Bitcoins Haven’t Moved in More Than a Year, Highest Since 2017

10M Bitcoins Haven’t Moved in More Than a Year, Highest Since 2017

“HODLing” has returned to a major milestone: The total number of bitcoins that haven’t changed hands in more than a year has crossed the 10 million mark. About 10.7 million bitcoins haven’t moved in more than 12 months, according to Digital Assets Data, a fintech company building crypto data feeds. Considering the total number of […]