Derivatives data and trading volume show investors are still bullish on Ether price even after today’s drop to $596. On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that […]
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Fear returns to the markets after a new mutated strain of coronavirus has been reported in the United Kingdom. Bitcoin (BTC) price has been on a tear in recent months, leading to a new all-time high at $24,200. However, BTC saw a correction on Dec. 21 as the equity markets also opened in the red. […]
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A vote on $600 payments to Americans combines with bank buybacks as one analyst says that institutional buying could mean the Bitcoin bull run “never stops.” Bitcoin (BTC) surged to a new all-time high over the weekend, but what’s in store as a new week begins? With $24,000 still in play, Cointelegraph takes a look […]
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Large-cap altcoins are attempting to rally higher but first bulls need to flip $24,000 to support. When the price of an asset hits a new all-time high, momentum traders plow in as they sense an opportunity to ride the trade higher. The same was seen after Bitcoin (BTC) price broke above the $20,000 mark on […]
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Analysts debate whether the U.S. Treasury Secretary’s new rule about self-custodied wallets could place the current bull run in peril. This week various media reported that U.S. Treasury Secretary Steven Mnuchin was considering whether or not legislation governing self-custodied wallets should be implemented. This led some analysts and crypto pundits to speculate whether or not […]
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A handful of altcoins look ready to move higher as Bitcoin price enters a short consolidation phase. Christopher Wood, the global head of equity strategy at Jefferies, has dumped five percent of their physical gold position in order to buy Bitcoin (BTC). This move shows that a growing number of institutional investors consider Bitcoin to […]
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Bitcoin options open interest reached a record-high $6.5 billion as investors continue to increase their optimistic long-term bets. The open interest on Bitcoin (BTC) options contracts has reached a new all-time high at $6.5 billion on Dec. 17. That figure represents a three-fold increase from 90 days ago and is proof that the market has […]
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Bitcoin derivatives trading is on the rise; one platform is letting traders bet on a $100,000 BTC moonshot by Sept 2021. As of Thursday, Deribit users can bet on the flagship cryptocurrency reaching $100,000 via options contracts that expire on Sept. 24, 2021. The lofty strike price was established following a surge in daily trade […]
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Elrond is quietly becoming one of the best-performing altcoins in the current bull market. With Bitcoin (BTC) largely in the spotlight after hitting a new all-time high of nearly $24,000, other projects are starting to ride BTC’s coattails as well. One of the latest standouts is Elrond (EGLD), which is up 20% over the past […]
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Global investors cut gold exposure in favor of Bitcoin, but does the digital coin have any chance to cannibalize gold? Bitcoin’s (BTC) parabolic surge in 2020 will not hurt major traditional assets like gold, according to Goldman Sachs. One of the world’s biggest investment banks, Goldman Sachs reportedly sent a note to investors, reassuring its […]
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