Cryptocurrency Analysis and News Portal
Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time. According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month.Cryptocurrency market daily view. Source: Coin360The March
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Futures linked to the bitcoin market experienced a spike in their volumes this Thursday as the cryptocurrency’s spot rate broke above $7,000.Crypto statist Skew highlighted that trading activity on CME’s and Bakkt’s bitcoin derivatives marketplaces surged by up to $595 million and $27 million, respectively. The move uphill left CME’s
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Bittrex Global has listed two stablecoins and a utility token issued by ‘The Universal Protocol Alliance’ (UPA) after joining the UPA.The new listings comprise stablecoins Universal Dollar (UPUSD) and Universal Euro (UPEUR), in addition to the Universal Protocol Token (UPT).UPT rallies on Bittrex listingThe announcement appears to have comprised
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Ether (ETH) price lost more than 40% this week, even hovering around $100 on the day which is now being considered the new Black Thursday in crypto and traditional markets. In recent hours Ether has bounced back slightly to trade in the $120 to $130 range.Cryptocurrency market weekly overview.
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Over the past two years Bitcoin (BTC) futures trading on CME (Chicago Mercantile Exchange) has grown in importance for institutional investors. However, a popular misconception among traders is to attribute an unwarranted amount of importance to futures market activity and its impact of spot prices. It is important to
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Bitcoin (BTC) derivatives traders were anything but bearish during Monday’s crash, data reveals — options volumes set a giant $200 million all-time high.According to figures collated by monitoring resource Skew Markets, volatility which saw BTC/USD descend to two-month lows of $7,625 sparked a surge in options trading.BTC options near
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XRP gains from the month of February were erased over the past two weeks as the altcoin returned to its late January price at $0.23 today. The majority of the losses appear to be caused by the massive correction in traditional markets, which caused a sharp downturn for Bitcoin
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Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday.The record low came just three days after CME daily volume exceeded $1 billion for just the third time in
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Daily trading volume in bitcoin (BTC) futures listed on the Chicago Mercantile Exchange (CME) dropped to year-to-date lows on Friday. The volume hit $118 million, the lowest level since Dec. 31. On that day futures recorded volume of $112 million, according to Skew Markets. What’s worth noting is volumes have pulled back
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Bitcoin (BTC) price has been testing the $10,000 mark this month as online metrics like the number of tweets and Google searches mentioning Bitcoin show a two year-high.Cryptocurrency market weekly overview. Source: Coin360Several relationships have been established between external factors and Bitcoin price evolution. Most notably, social media metrics
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