Tag Archives: BTC

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Bitcoin Extends Rally as Trading Volume for CME Futures Hits Three-Week High

Trading activity for bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) has picked up pace as bitcoin has extended its recent rally to levels above $7,200. CME traded $347 million worth of futures contracts Thursday – the highest since March 16. On that day, futures witnessed a trading volume of $414 million, according to data […]

Crypto Market Sentiment Improves for the Second Week in a Row

Crypto Market Sentiment Improves for the Second Week in a Row

The market sentiment has seen an improvement for the second week in a row. The combined moving average 7-day market sentiment measure, sentscore, for the top 10 coins, is up this week to 4.73, compared to last week’s 4.33/10, shows crypto market sentiment analysis service Omenics. Today we find all coins in the green for the past week, […]

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin Is a Safe Haven for a Worse Storm Than This

Bitcoin (BTC) was designed for many reasons, but one of the most important was to be a safe-haven asset during times of financial distress. From the genesis block’s coinbase parameter (“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”) to today, bitcoin’s fans have treated it as something worth owning when the market goes […]

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin, Gold Spike as Fed Unveils Unlimited Coronavirus Stimulus Package

Bitcoin’s (BTC) price shot up along with gold and stock futures after the U.S. Federal Reserve announced a quantitative easing package with no upper limit to support the economy amid the coronavirus crisis. Immediately after the 12:00 UTC announcement, bitcoin jumped from $5,860 to $6,628 in an hour, according to CoinDesk’s Bitcoin Price Index. Gold, a […]

Bitcoin Claws Back Over 40% of Recent Price Sell-off With Surge Above $6.8K

Bitcoin Claws Back Over 40% of Recent Price Sell-off With Surge Above $6.8K

Bitcoin’s (BTC) price recovery gathered pace on Friday, helping the cryptocurrency erase a significant chunk of the recent drop. The top cryptocurrency by market value jumped to an eight-day high of $6,943 at 10:30 UTC, having started rising from $5,400 Thursday, according to CoinDesk’s Bitcoin Price Index. The solid gains have seen bitcoin claw back a […]

Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison

Bitcoin To Explode By 80% Before Halving According to Past Cycle Comparison

Bitcoin and other cryptocurrencies are having a strong year thus far, however, the rally is only expected to continue with the asset’s halving on the horizon this May. But how much could Bitcoin spike ahead of the monumental event? According to historical analysis of previous market cycles in comparison to where the market may be right now, it suggests that […]

Binance Now Lets Users Borrow Against Crypto Holdings to Fund Futures Trades

Binance Now Lets Users Borrow Against Crypto Holdings to Fund Futures Trades

Malta-based Binance, one of the world’s top cryptocurrency exchanges by trading volume, now allows users put up their crypto holdings as collateral to fund futures trading. Launched soon before press time, the new “Cross Collateral” feature means users can trade futures contracts using assets stored in their Binance exchange wallet as collateral, without the need […]

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

$50 Billion Asset Manager Makes ‘The Investment Case for Bitcoin’

The future is looking bright for Bitcoin, according to ETF and mutual fund manager VanEck. The firm many believe in the best position to first launch a BTC exchange-traded fund explains its positive outlook for the leading cryptocurrency in a new report. The asset management firm defines Bitcoin as having monetary value, rather than intrinsic value. [VanEck] […]

VanEck: Bitcoin Price Historically Increased Following Halving

VanEck: Bitcoin Price Historically Increased Following Halving

May’s halving will reduce the amount of Bitcoin rewarded to miners, and in turn, increase the coin’s scarcity. Considering this scarcity – think supply and demand – as well as historical data of the previous two halvings, Bitcoin’s price may see a remarkable bump in the months following the event. Halving Historically Leads to Massive Gains The […]

Meet the Crypto Angel Investor Running for Congress in Nevada

Meet the Crypto Angel Investor Running for Congress in Nevada

“I would love to sit down with President Trump and have a discussion around bitcoin and cryptocurrency,” Lisa Song Sutton, an entrepreneur and bitcoin ATM investor in Las Vegas, told CoinDesk. Sutton might have a better shot than most at having such a conversation. She’s running for Congress in the Fourth Congressional District of Nevada, […]