Learn How Trade Crypto
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 […]
Historical experience shows that it might take until after noon ET for market makers to work out the price of the initial trade in a direct stock listing. While the cryptocurrency exchange Coinbase’s new shares technically could start trading with the overall U.S. equities market at 9:30 a.m. ET, don’t hold your breath: A very […]
The move could speed the use of crypto in day-to-day commerce. PayPal, which last year added the ability to buy, hold and sell cryptocurrency, is pushing it as a payment method across the 29 million or so online merchants connected to the fintech giant. Announced Tuesday, PayPal’s Checkout will allow bitcoin (BTC), ether (ETH), bitcoin cash (BCH) and litecoin (LTC) to be seamlessly […]
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, […]
BTC is moving sideways as its short-term uptrend slows. Bitcoin (BTC) has been stuck in a range of $54,000 to $60,000 over the past few days. The near 40% rise from the Feb. 28 low is slowing as traders continue to take profit from the March all-time high around $61,000. The 50-period volume weighted moving […]
There is “no good reason to own BTC unless you see prices going up,” the bank says, but it is intrigued by decentralized finance. “Bitcoin is the most talked about cryptocurrency but Ethereum [the blockchain] has more features, including being more flexible” in its hosting of decentralized finance (DeFi) than the Bitcoin blockchain, according to Bank of America. […]
Quick Take “If sized correctly,” bitcoin can be a portfolio diversifier, the bank told its private wealth clients in a new educational deck While the deck is for informational purpose only, it nonetheless reveals the growing interest from JPMorgan’s private clients in the asset class JPMorgan Private Bank has distributed an educational deck to clients […]
Bloomberg Intelligence analyst Mike McGlone, who correctly predicted bitcoin (BTC, -2.65%)‘s ascent this year to a price above $50,000, says recent market indicators suggest $100,000 could be the next threshold. McGlone wrote in a March outlook report that a recent drop below zero in the so-called Grayscale premium – a closely watched metric in cryptocurrency markets – could signal […]
Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC. Speaking to David Rubenstein at a Friday Bloomberg event, Corbat made clear CBDCs are an “inevitable” development in the future of money. Citigroup, the multinational banking giant, […]
Cryptocurrencies will now come under fresh regulations in Hong Kong as its Securities and Futures Commission (SFC) proposes to ban retail investors from trading in cryptocurrencies. The new rules also aim to force crypto exchanges in Hong Kong to obtain licenses. During the Hong Kong Fintech Week event on Tuesday, Chief Executive Officer of the SFC, Ashley […]