The markets surrounding Bitcoin may be incurring increasing maturity, as the Chicago Mercantile Exchange (CME) is now opening that gates for traders to begin holding a significantly higher number of open BTC contracts than is currently allowed. This change comes about as Bitcoin’s hash rate just set a fresh all-time-high and may be emblematic of…
The world's largest ever bitcoin transaction has taken place, with just over $1 billion (£802 million) worth of cryptocurrency transferred between accounts. The single transaction of 94,504 bitcoins represents around 0.5 per cent of all bitcoins currently in existence, and it has left analysts confused by who made it and for what purpose. The semi-anonymous nature…
Bitcoin price has for months now been locked inside what many crypto analysts believe to be a triangle pattern. However, they are torn as to the type of triangle the pattern is – descending or symmetrical. Crypto investors themselves who are also watching the pattern are also torn, not by the shape of the formation,…
Each and every daily close on Bitcoin price charts is important, as the price level where the candle closes and even the shape of the candle can help crypto analysts predict future movements and trend changes. Today’s daily close one crypto analyst says is exceptionally important, and will likely choose the trend direction in the…
Binance has launched a new futures platform, where speculators can bet on bitcoin price going down or up, after announcing it earlier this year. And service is already witnessing trading volumes worth hundreds of millions of dollars. Looks like a strong start for Binance futures – $170mln trading in last 24h with max leverage 20x…
Three weeks back, the Bank of England Governor Mark Carney made an alarming comment on the global reserve currency, the US dollar. The economist said that the world’s reliance on the greenback “won’t hold” and a new global monetary and financial system backed by many more global currencies would replace it. Carney called the bundle…
The crypto industry has not been without its fair share of scams and cons. Bitcoin has battled this reputation since its inception and FUD-fueled mainstream media outlets do not help matters. Social media and search giants are equally to blame but that doesn’t stop the Bitcoin bashing. More Fake Google Results For Bitcoin Researchers have…
Bitcoin price remained well supported above the main $10,000 level against the US Dollar. The price is trading nicely above the $10,250 resistance, but it might struggle near $10,500. Yesterday’s highlighted key declining channel was breached with resistance near $10,140 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is…
Bitcoin (BTC) has been facing a long bout of consolidation ever since it was rejected at its 2019 highs of $13,800 earlier this summer. Simultaneously, the equities markets have also faced a period of consolidation throughout 2019, after trade tensions and global political instability slowed the market’s meteoric ascent. It is important to note that…
A monthly report published by exchange platform SFOX (San Francisco Open Exchange) identifies an air of uncertainty within the industry about cryptocurrency’s place in the future of finance. With both bullish and bearish news events occurring over the last month, the price still appears to be in limbo around the $10,000 mark. Conflicting Signals Leave…