Cryptocurrency Analysis and News Portal
Bitcoin’s lackluster trading over the past ten weeks is showing no signs of concluding anytime soon.Although the cryptocurrency has been able to see some volatility within its long-held trading range, it has not been able to develop any clear directionality throughout the past couple of months.The price action seen between
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The growth of the crypto derivatives market in 2020 has been a story of its own, mainly driven by Bitcoin (BTC) and Ether (ETH) options traded on exchanges such as the Chicago Mercantile Exchange, Deribit, OKEx, Binance and Houbi. Record Bitcoin options volumes are indicative of an increasing institutional interest in
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Estonian exchange, CoinMetro, has chosen to make their crypto sentiment analysis tool available to common users. This is the same tool that is used professionally by crypto hedge funds.Although the tool appears rather simplistic, CoinMetro CEO Kevin Murcko told Cryptox that the key here is that regular traders get access
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New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency
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The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped
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With Galaxy Digital now working on an educational course for financial advisers, founder Mike Novogratz told CryptoX he hopes it will help finally kick-start the institutional use of bitcoin, and turn around the asset manager’s fortunes. Novogratz, a Wall Street veteran, loves a compelling narrative. “Bitcoin specifically is a story about
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A growing number of indicators suggest that institutional players are continuing to enter the digital asset markets, which have been dominated to date by high-net-worth individuals and actively trading crypto enthusiasts. Case in point: Crypto markets are seeing all-time highs in futures contracts’ open interest at entities such as the
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The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. “We designed
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Reading Time: 2 minutes by Ash T on June 10, 2020 Bitcoin According to a press release issued on June 10, 2020, Bitcoin (BTC) trading platform Bakkt has joined forces with digital asset investment management firm Galaxy Digital to offer secure and efficient means of buying, selling, and storing the premier cryptocurrency for asset
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Reading Time: 2 minutes by Ash T on June 10, 2020 Bitcoin Citing results from a survey undertaken by Fidelity Investments, Bloomberg reported on June 9, 2020, that almost one-third of institutional investors hold crypto assets including Bitcoin (BTC) and Ether (ETH). The ‘Big Boys’ are Here With the tumultuous movement of the world economy, a
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