Tag Archives: BTC

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 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 […]

Digital Currency Group to Put up to $250M Into Grayscale’s Bitcoin Trust

Digital Currency Group to Put up to $250M Into Grayscale’s Bitcoin Trust

The blockchain investment firm said it will buy the GBTC shares on the open market. Cryptocurrency and blockchain-focused investment firm Digital Currency Group (DCG) is to put as much as $250 million into shares of the Grayscale Bitcoin Trust (OTCQX: GBTC), its subsidiary’s flagship product. In an announcement Wednesday, DCG – which is also the parent company […]

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Crypto Chief Flags Institutional Demand Driving Boom

Goldman Sachs Group Inc. is seeing substantial demand for digital assets from institutions as it works to restart its cryptocurrency trading desk. In a survey of nearly 300 clients by the firm, 40% currently have exposure to crypto, according to Matt McDermott, global head of digital assets for Goldman Sachs Global Markets Division, speaking on […]

Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential

Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential

Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases. Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market capitalization potential. “When you think the market cap of Bitcoin […]

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

JPMorgan Says Investors Could Make Bitcoin 1% of Portfolios

JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios. Strategists have recently touted cryptocurrency as a way to hedge against significant fluctuations in traditional asset classes such as stocks, bonds and commodities. Rather than making any big bets on Bitcoin, they’ve […]

Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off

Tether Deal With New York State Brings Quick Reversal of Crypto-Market Sell-Off

The settlement over tether with the New York attorney general’s office appears to remove what might have been a systemic threat to cryptocurrency markets. Bitcoin and other cryptocurrencies recovered partially from their biggest sell-off in a month after the New York state attorney general’s office announced a settlement of a dispute involving the stablecoin tether (USDT) that […]

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Bitcoin Briefly Drops Below $48K as Analysts Say Rally Overdone, Yellen Comments

Analysts are mixed on how low bitcoin might go if a bigger pullback is seen. Bitcoin swiftly lost altitude early on Monday, dropping over 15% to below $50,000 before rebounding somewhat. The downward price movement came after bitcoin reached new record highs above $58,300 over the weekend. The drop seemed to accelerate as U.S. Treasury […]

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says

A Sudden Loss of Faith in Tether Would Pose Risk to Bitcoin, JPMorgan Says

“If any issues arise that could affect the willingness or ability of both domestic and foreign investors to use USDT, the most likely result would be a severe liquidity shock to the broader cryptocurrency market,” the report says. According to analysts at JPMorgan, the bitcoin market could face severe liquidity shock if traders were to […]