Multiple indicators are signalling that professional traders are bullish on Bitcoin derivatives, suggesting that the $10,000 level could soon be tested. There are few indicators capable of accurately detecting professional traders’ sentiment on Bitcoin (BTC). To ascertain whether or not market participants are positioned in a bullish or bearish manner, analysts usually rely on technical […]
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Despite the benefits of crypto being in the hands of the few, the current crisis may be a harbinger of change. The COVID-19 pandemic has forced economies to a halt and stretched the central banking system. Central banks have been printing money on a scale like never before, which makes the 2008 financial crisis pale […]
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Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600. Bitcoin (BTC) has covered a considerable amount of ground over the past few years. Initially considered as an asset mostly used for unlawful activities, it has finally received the approval of the Office of the Comptroller […]
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A derivatives exchange wants to offer its users a way to hedge against and speculate on the changes of Dai’s Savings Rate. Delta Exchange, a crypto derivatives platform, announced the launch of an interest rate swap contract for DAI, MakerDAO’s dollar-pegged stablecoin. The contract will allow its purchasers to enter interest swaps on the Dai […]
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The price of Bitcoin faces a near-term pullback as Wall Street veterans warn of a Nasdaq bubble forming. Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin (BTC) and stocks in recent months, it could negatively affect the crypto […]
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The increasing institutional interest in Bitcoin is “not hard to see” as U.S. regulators green light custody this week. Bitcoin (BTC) will pass $20,000 if United States banks invest even 1% of their assets, one analyst believes. Discussing institutional uptake of Bitcoin on July 23, Capriole digital asset manager Charles Edwards said that it was […]
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Traders bought $720 December call options as Ethereum price rallied 17% this week, but what’s the likelihood of ETH rallying another 160%? Since the start of the week Ether (ETH) has gained more than 17% and the gains appear to be connected to increasing stablecoin use and the rise of DeFi applications. As reported by […]
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Bitcoin price surged 5% to $9,664 less than 24-hours after the Office of the Comptroller of the Currency announced U.S. banks can provide crypto custody services. The price of Bitcoin (BTC) is up 5% in the past 24 hours and currently trades at $9,600 after reaching a daily high at $9,664. The overnight increase in […]
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The price of Bitcoin surged by 4.6% overnight but some traders are turning cautiously bearish on BTC/USD for two main reasons. The price of Bitcoin (BTC) surged from $9,160 to $9,584 within the last 48 hours. But despite the 4.6% gain, some traders are turning short-term bearish on the top cryptocurrency. According to several technical […]
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Volatility is firmly on the radar as non-exchange balances suddenly decline by 700,000 ETH within just three days and resistance topples. Major investors in the biggest altcoin Ether (ETH) likely moved almost $200 million to exchanges in a fresh hint that price volatility will now hit. Data from on-chain analytics resource Santiment on July 23 […]
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