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Bitcoin teases weekly highs as traders eye BTC price leg up to $17.3K

Bitcoin (BTC) inched closer to $17,000 on Jan. 3 as the first Wall Street open of the year loomed.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewConsensus builds for fresh attack on $17,000Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching highs of $16,766 on Bitstamp — its best performance since

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Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted

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Pro traders added to shorts as Bitcoin price broke $12K — Data shows

As 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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Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour

After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. While it might be premature to predict a marketwide correction, the level of

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Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

[sociallocker id="55298"] Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin's head of market development Matthew Ficke. "Price movement like we saw yesterday typically attracts short-term traders trying to position for a larger

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Bitfinex’s New Social Network Seeks to Give Traders an Edge

Catering to the social realm of the digital sphere, crypto exchange, Bitfinex, announced its own social network, which opened today.  On the exchange's social network, called Bitfinex Pulse, customers can immerse themselves in the energetic world of trading, collaborating on concepts, and other market related activities, said a statement provided to

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