Tag Archives: cryptocurrency

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 […]

Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Big Money Apes Into Blockchain Gaming With $725M Fundraising for Forte

Forte will use the funding, which brings its total capital raised this year to more than $900 million, to expand its products and services. Major crypto players Andreessen Horowitz (a16z), Cosmos, Polygon Studios and Solana Ventures were among those that have invested an additional $725 million in funding to close a Series B round for […]

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 […]

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. […]

Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut

The latest rally appears fueled by the successful debut on Tuesday of the first U.S. bitcoin futures exchange-traded fund. Bitcoin, the world’s largest cryptocurrency by market capitalization, has hit a new all-time high above $65,000. The crypto broke above its previous high of $64,889 reached in April. Bitcoin is currently changing hands for around $65,607, […]