Bitcoin Approaching Short-Term Support at $34K-$36K

Bitcoin Approaching Short-Term Support at $34K-$36K

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 […]

$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients

$25B investment firm adds ‘riskier’ Grayscale GBTC and ETHE for clients

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 […]

Bitcoin Drops After $1.6B Monthly Options Expiry

Bitcoin Drops After $1.6B Monthly Options Expiry

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 […]

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

Bitcoin Rebounds Above $30K; Resistance Seen at $34K

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 […]

World’s biggest interdealer broker TP ICAP to launch crypto trading platform with Fidelity and others

World’s biggest interdealer broker TP ICAP to launch crypto trading platform with Fidelity and others

Quick Take World’s biggest interdealer broker TP ICAP will launch a crypto trading platform. TP ICAP has partnered with Fidelity, Standard Chartered’s Zodia Custody, and Flow Traders for the initiative. ADVERTISEMENT TP ICAP, the world’s biggest interdealer broker, is set to launch a crypto trading platform for institutional investors. The platform is being developed with […]

Ethereum Investment Funds Saw Record Outflows of $50M

Ethereum Investment Funds Saw Record Outflows of $50M

Investors are exiting digital asset investment products, including funds focused on bitcoin (BTC, +4.33%) and ethereum (ETH, +14.74%), as a wave of negative sentiment weighs on cryptocurrencies. Net outflows from cryptocurrency funds totaled $44 million for the week ending June 25, marking the fourth consecutive week of redemptions. Ethereum products suffered net outflows of $50 million last week, the largest […]

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

Market Wrap: Bitcoin Declines Into the Weekend, as Volatile Month Continues

The technical charts suggest further downside is likely as sellers react to extreme overbought conditions since March. Bitcoin traded lower on Friday as the price struggled near the $35,000 resistance level. The cryptocurrency was trading around $32,000 at press time and is down about 8% over the past 24 hours. Some analysts expect continued weakness […]

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

Bitcoin (BTC) returned above the $30,000 level on Tuesday after a volatile trading session. Buyers quickly stepped in as oversold conditions appeared on intraday charts. The next level of resistance is seen around $36,000, which could limit further upside. The world’s largest cryptocurrency by market value was trading around $34,000 at press time and is […]