Tag Archives: Bitcoin

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Bitcoin Crowd Appears High on ‘Hopium’ as ‘Buy The Dip’ Trends

Pullbacks typically end with crowd chatter leaning bearish. As bitcoin nurses a weekly drop of 9%, the cryptocurrency’s social metrics indicate the retail crowd is high on hopium – a crypto slang for hopes of a quick recovery and a continued bull run. However, past data shows pullbacks or downtrends typically end when social chatter […]

Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

Bitcoin, Ether Lose Ground as Twitter CFO Rules Out Crypto Investment, Dollar Index Hits 16-Month High

Ned Segal’s comments likely provided a reason for traders to take some risk off the table in the wake of the rising dollar and U.S. tax reporting requirement. Bitcoin, ether and other major coins face selling pressure as anti-crypto comments from Twitter’s chief financial officer soured the market mood. The continued strength in the dollar […]

Bitcoin Retreats From All-Time High, Ether Follows

Bitcoin Retreats From All-Time High, Ether Follows

The shakeout appeared to coincide with a turn lower in U.S. stock markets. Bitcoin’s price is down 5% in the last 24 hours after peaking at an all-time high of around $68,950 on Wednesday. Bitcoin’s all-time high was reached just after the U.S. Consumer Price Index (CPI) report showed higher-than-expected inflation in October. The U.S. Department […]

The Crypto Bubble Isn’t A Bubble, It’s A…

The Crypto Bubble Isn’t A Bubble, It’s A…

I’ve written over 300 crypto related posts since I saw the crypto light on June 29th, 2017. After three months, on October 8th, 2017, I published my first thought piece “7 Thoughts On Blockchain, Cryptocurrency & Decentralization After Three Months Down The Rabbit Hole”. It’s still the most read/clapped post I’ve written. The 5th thought was “ It’s […]

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

SHIB Flippened DOGE With $160M in ‘Smart Money’ Backing Latest Pump, Blockchain Data Shows

A new force is behind shiba inu’s most recent price surge. Shiba inu, the self-proclaimed dogecoin killer, briefly surpassed DOGE in market value on Wednesday, according to data from CoinGecko. Both coins now have a market cap of over $31 billion and are toggling between 10th and 11th on CoinGecko’s rankings page. Blockchain data shows that while […]

Mastercard Is Integrating Crypto Payments Through a New Partnership With Bakkt

Mastercard Is Integrating Crypto Payments Through a New Partnership With Bakkt

The tie-up will allow merchants and banks to build cryptocurrency into their offerings. Mastercard and digital asset platform Bakkt are partnering to allow merchants and banks to build cryptocurrency into their offerings, the companies announced Monday. The two plan to also shake up the way consumers can collect loyalty rewards. Mastercard said in a statement that consumers […]

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

As the CME’s Volume Gets Pumped, the Bitcoin ETF’s Quirky Structure Could Explain Some of It

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 […]

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

First Bitcoin ETF Is Already in Danger of Breaching a Limit on Futures Contracts

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. […]

Investing giant Pimco is considering trading cryptocurrencies

Investing giant Pimco is considering trading cryptocurrencies

Pimco, a $2 trillion investment firm, could potentially begin trading spot cryptocurrencies, the firm’s chief investment officer Daniel Ivascyn confirmed to CNBC. The firm, which has engaged with the market via crypto-linked securities, is now looking at “trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental […]