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Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull.Bitcoin (BTC) trading

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These 4 key Bitcoin price metrics clearly reflect traders’ bullish optimism

As Bitcoin (BTC) price tested the $17,580 low on Dec. 11, investors remained relatively calm despite some analysts issuing bearish estimates. Last week’s trading may have finished at the same level where it started, but the fundamentals for Bitcoin have become even stronger.BTC/USD 4-hour chart. Source: TradingViewEach time Bitcoin makes

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Here’s why pro traders barely flinched at today’s 8% Ethereum price drop

On Dec. 17 , Ether (ETH) price rallied to $677, its highest level since May 2018, and it seems the top altcoin’s price was driven by Bitcoin’s (BTC) swift move above $21,000. It’s also possible that the CME’s ETH futures launch announcement also played its part.Solid fundamentals and positive newsflow

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Wrapped Bitcoin ‘Burns’ Increase as Traders Rotate Capital Out of Cooling DeFi

Wrapped Bitcoin, the bitcoin-backed token on Ethereum now worth over $2 billion, has seen an increase in burns (or “unwrappings”) by some of its largest users as the Ethereum-based decentralized finance sector continues to cool.BitGo clients like Three Arrows Capital and Alameda Research are exchanging an increasing amount of their

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Market Wrap: Bitcoin Flat at $19K While Ether Options Traders Bet Bearish on 2021

Low volumes are keeping the bitcoin market in the $19,000 neighborhood; option traders expect a high ether price in December but aren’t so convinced about next year.Bitcoin (BTC) trading around $19,110 as of 21:10 UTC (4:10 p.m. ET). Gaining 0.60% over the previous 24 hours.Bitcoin’s 24-hour range: $18,360-$19,357BTC near its

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