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 […]

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin Eyes Price Breakout Amid US-Iran Tensions

Bitcoin is drawing bids amid heightened geopolitical uncertainty and could soon rise above key resistance at $7,580, confirming a short-term bullish breakout. The top cryptocurrency is currently trading at $7,530, representing a 1 percent gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index. Prices are now up nearly 10 percent from lows near $6,850 […]

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bullish Bitcoin Chart Pattern Still Intact Despite 7% Price Drop

Bitcoin has pulled back sharply over the last 48 hours, but is holding well above support near $6,850 keeping the short-term bullish bias intact. The top cryptocurrency is currently trading near $7,330, representing a 7.3 percent drop from the high of $7,870 registered on Friday. With the pullback, bitcoin has erased more than 45 percent […]

Bitcoin and Stocks Break 2019 Inverse Correlation Trend — Chart Data

Bitcoin and Stocks Break 2019 Inverse Correlation Trend — Chart Data

In many ways, Bitcoin (BTC) and the crypto markets as a whole live somewhat independently from traditional markets. The global crypto space never sleeps, operating at all hours of the day on a global scale. Traditional market price movements and conditions, however, may still have an impact on Bitcoin. If the economy is healthy, seeing rising prices […]

Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

Fiat-to-Crypto ‘Carry Trade’ May Tempt Traders Tired of Negative Interest Rates

With the era of negative interest rates well and truly here, return-hungry investors may increasingly borrow in low-interest fiat currencies and invest in higher-yielding cryptocurrency accounts. “The fiat-BTC carry trade is the next step in bitcoin growth,” tweeted popular bitcoin quant investor @100trillionUSD on Oct. 10. A carry trade is a strategy where a trader uses a low-yielding […]

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s Too Soon to Write Off Bakkt, Wall Street Analyst Tells ICE Investors

It’s too soon to write off Bakkt, despite the bitcoin futures market’s disappointingly slow start, analysts at Oppenheimer & Co. said. In an Oct. 1 research note, the equity research firm encourages investors to “not get upset” about the lackluster trading volume of Bakkt. For one thing, its parent company, Intercontinental Exchange, has plenty of other […]