Tag Archives: Markets

Bitcoin, Ether Hit New All-Time Highs on Eve of Coinbase Listing

Bitcoin, Ether Hit New All-Time Highs on Eve of Coinbase Listing

Bitcoin and ether (ETH, +6.17%), the two biggest cryptocurrencies, surged to new all-time high prices on Tuesday, the day before the highly anticipated Coinbase listing on Nasdaq. Prices for bitcoin (BTC, +4.35%) (BTC), the oldest cryptocurrency and the largest by market value, rose 6% on the day, reaching as high as $63,661 around 15:40 coordinated universal time (11:40 a.m. ET), […]

Bitcoin Options Traders Position for Gains (to $80K?) in Historically Bullish April

Bitcoin Options Traders Position for Gains (to $80K?) in Historically Bullish April

Theoretically, the $80,000 call represents a bet that bitcoin would settle above that level on April 30. Some bitcoin options traders are betting this year’s price rally, which paused in recent weeks, will resume in April – historically a strong month for the market. Among options listed on the dominant Deribit exchange with an April […]

Bitcoin Traders Brace for Record $6B in Options to Expire Friday

Bitcoin Traders Brace for Record $6B in Options to Expire Friday

The record bitcoin options expiry could be bearish overhang on the market. They call it “max pain” in the bitcoin options market: How to make one’s trading counterparty suffer the most. Although the largest cryptocurrency was changing hands Wednesday around $56,500, traders were handicapping the odds of a plunge to about $44,000 by Friday, when a record […]

Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase

Bitcoin Transfer Worth $806M Might Reveal Big Institutional Purchase

“My speculative guess is that institutions are buying bitcoin’s price dip,” one analyst said. Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The […]

Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’

Bank of America Sees DeFi ‘Potentially More Disruptive Than Bitcoin’

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. […]

Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern

Bitcoin Drops 3% Ahead of Fed Meeting, Despite Bullish Chart Pattern

Bitcoin is falling, as caution ahead of the FOMC rate decision overshadows bullish chart pattern. Bitcoin is nursing losses ahead of a crucial Federal Reserve policy meeting that could reveal the U.S. central bank’s plans in the wake of rising inflation expectations. The top cryptocurrency, which is seen by many investors as a hedge against rising prices, […]

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 […]

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 […]

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

Bitcoin Poised for Short-Term Gains Past $51K as MicroStrategy Upsizes Debt Deal

Bitcoin’s rally could continue in the short term, analysts and traders said, after the largest cryptocurrency by market cap surged on Wednesday to a new all-time-high price above $51,000. The latest leg up came after CoinDesk reported that business intelligence firm MicroStrategy upsized a convertible-note offering to $900 million from an originally announced $600 million, with plans to […]