Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength

Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength

BTC has remained in a consolidation phase since February. Bitcoin (BTC) is holding short-term support and was trading around $54,000 at press time. The cryptocurrency is now below the 50-day moving average as upside momentum continues to slow. Buyers will need to defend support around $51,000 to stabilize the long-term uptrend. The relative strength index […]

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Crypto Long & Short: Peter Thiel Defines Bitcoin’s Accidental Role in Global Politics

Thiel’s comments about China “weaponizing” bitcoin to hurt the U.S. are a warning about the cost of inaction. The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage […]

Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor

BTC held support around $50K and is approaching resistance around $56K. Bitcoin rose for the first time in three days as traders looked past Friday’s record $6 billion expiration of option contracts to a stronger market next week as April begins. “Returns after prior bitcoin options expiration dates have tended to be positive,” David Grider, strategist at Fundstrat, […]

Bitcoin Options Traders Position for Gains (to $80K?) in Historically Bullish April

Bitcoin Options Traders Position for Gains (to $80K?) in Historically Bullish April

Theoretically, the $80,000 call represents a bet that bitcoin would settle above that level on April 30. Some bitcoin options traders are betting this year’s price rally, which paused in recent weeks, will resume in April – historically a strong month for the market. Among options listed on the dominant Deribit exchange with an April […]

Bitcoin Rises Despite Dollar Strength as Elon Musk Adds BTC Payment Option

Bitcoin Rises Despite Dollar Strength as Elon Musk Adds BTC Payment Option

Tesla accepting bitcoin payments and running its own nodes is “massively bullish,” according to one analyst. Bitcoin (BTC) jumped early Wednesday after the Tesla CEO Elon Musk said the electric vehicle maker is now accepting the cryptocurrency as a payment option. Musk’s Twitter announcement overshadowed the dollar’s strength, helping the cryptocurrency stay bid. “You can now […]

Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase

Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase

“My speculative guess is that institutions are buying bitcoin’s price dip,” one analyst said. Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The […]

Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern

Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern

Bitcoin is falling, as caution ahead of the FOMC rate decision overshadows bullish chart pattern. Bitcoin is nursing losses ahead of a crucial Federal Reserve policy meeting that could reveal the U.S. central bank’s plans in the wake of rising inflation expectations. The top cryptocurrency, which is seen by many investors as a hedge against rising prices, […]

Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

Bitcoin Plunges Below $55K Amid Weak Institutional Inflows, Profit Taking

“This does not mean the bull run is over, it just means that profit taking is happening,” according to market analyst Lark Davis. Bitcoin is losing altitude on Monday amid weak buying pressure from institutional investors. The crypto market leader fell as low as $54,790.33 Monday morning, having reached a record high of $61,556.59 on […]

Watch Out for These Risks Before Investing in Bitcoin or Ether

Watch Out for These Risks Before Investing in Bitcoin or Ether

Twelve years after its creation, regulating bitcoin is still complicated in most countries. That’s just one of the investment risks. There are a number of risks associated with holding and investing in cryptocurrencies. In the latest CoinDesk Research report, we look at seven different risks, from the regulatory to the technological, that affect bitcoin (BTC, +0.59%) and ether (ETH, -1.43%), and […]