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Bitso raised $62 million to expand its Latin American footprint. One of the world’s oldest banks will issue a euro stablecoin on the Stellar blockchain. Elliptic, a blockchain analytics firm, found 13% of the proceeds from crime involving bitcoin travel through “privacy wallets.”Top shelfCornered market?Latin American crypto exchange Bitso has
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Fresh off of bitcoin’s record high in late November, leverage funds trading bitcoin futures on the Chicago Mercantile Exchange continue adding to their short positions as the leading cryptocurrency trades above $19,000.Update (Dec. 5, 17:38 UTC): This article has been updated to reflect the carry trade possibility for short OI increase
Read MoreAs Bitcoin (BTC) breaks the $12,000 resistance, derivatives markets are flirting with overly excessive bullish sentiment. The futures basis and the options 25% delta skew both reached the same levels seen now on October 12 when BTC briefly tested $11,700 but failed to maintain momentum.What differentiates the current situation from
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In recent months, there has been a considerable spike in institutional demand for Bitcoin (BTC) following several high profile investments. Over time, asset manager and 10T Holdings co-founder Dan Tapiero believes this could lead to a problematic shortage in BTC.Alongside investments from Square, MicroStrategy and Stone Ridge, Bitcoin inflows to
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Tesla stock rallied above $2,100 on Wednesday. Jeffries more than doubled their TSLA price target to a new high of $2,500 What’s really going on in this incredible stock? If Elon Musk thought Tesla (NASDAQ:TSLA) stock was too high at $750, what are Wall Street analysts doing calling for $2,500? The answer is
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Despite yesterday’s 8% crash in the price of Bitcoin (BTC) driving many BTC bulls from the markets, altcoin longs have only seen slight declines, with Ether (ETH) longs defying the trend with a slight rally test recent all-time highs on Bitfinex.However, altcoin bears are quickly emerging from the woods, with
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Just hours after Ethereum rocketed higher, so too has Bitcoin.The leading cryptocurrency recently reached $9,750, the highest price BTC has traded at in over a week. $9,750 is just over 13% higher than last week’s lows of $8,600, established as miners were seemingly dumping their coins in response to the
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Just a day after Goldman Sachs came out with a scathing presentation on Bitcoin, the asset is rallying. Investors are clearly shaking off the “FUD” the multinational bank through the cryptocurrency market’s way.Just minutes ago as of the time of this article’s writing, BTC shot higher to cross $9,600. It
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Just minutes ago, Bitcoin made its latest attempt at rallying to $10,000, reaching $9,950 after the close of Sunday’s candle. The cryptocurrency fell short of the key $10,000 price point, since retracing to $9,900.Bitcoin chart from TradingView.comThis move has not sparked much a reaction from the derivatives market, potentially because
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As the Bitcoin (BTC) price abruptly dropped from $9,500 to $8,100, some traders on Binance claimed that their winning short trades were unfairly cut short. A trader named AthenaBank wrote on May 10:Deleverage? Binance close my short after I make 7 times my investment. What's going on? Where is my short?
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