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Ethereum has been closely tracking Bitcoin’s price action throughout the past several days and weeks, which exposed it to some intense downwards pressure yesterday.It has been able to post a swift recovery from its daily lows, and has remained firmly within its long-held consolidation phase within the $230 to $250
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Quick take:Yesterday, Binance launched the BTCUSD Quarterly Futures Contract with a leverage of up to 125x.To promote the derivatives product, the exchange will offer users 30 days of maker fee rebates and taker fees as low as 0.020%.Within 24 hours of the launch, the product has traded over $100 million
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Bitcoin trading has become one of the major sources of profit for long years. With its very promising and lucrative features, many individuals have decided to
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[sociallocker id="55298"] The latest report from Bloomberg reveals that the company expects Bitcoin (BTC) to retest the record highs from 2017, and may even go as high as $28,000.COVID-19 & Institutions helping BitcoinThe report suggests that COVID-19 has accelerated Bitcoin’s maturation as an asset, showing its strength amid declining equities.
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Bitcoin has mounted a strong recovery since the lows seen last week. The leading cryptocurrency traded as high as $9,750 on Saturday, over 13% higher than last weekend’s lows. Even still, there remain textbook technical indicators suggesting there is a “high chance” BTC sees a correction in the coming weeks. According
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Bitcoin treaded water in the high $9,000 range Monday as stocks rallied and traders wondered when the cryptocurrency would break the five-digit barrier again.Stocks, meanwhile, got a boost a day after Federal Reserve Chair Jerome Powell talked about continued stimulus efforts for the U.S. economy during a television interview Sunday.At
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Bitcoin's attempt to scale the psychological resistance of $10,000 looks to have stalled again, even as gold soars to new highs.The top cryptocurrency by market value is currently trading around $9,630 at time of writing, representing an over 145% gain on the low of $3,867 registered March 12, according to
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The crypto news headlines at the start of May with regard to Kleiman v. Wright were mostly variations on the theme of Craig Wright’s Satoshi case going to trial. The two parties appear well entrenched in their positions, and lawyers for both sides have said they expect the trial to
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European crypto asset manager, CoinShares, announced the launch of its new trading business, CoinShares Capital Markets, or CSCM, on May 7.The subsidiary comprises a rebranding of GABI Trading, with CoinShares now entering into the final stages of acquiring the firm. In 2019, the firm processed more than $3 billion worth of
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Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX. Over the
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