After failing to break past $10,500, Bitcoin has posted weak performance after weak performance, failing to hold key support levels. Just last week, the price of the leading cryptocurrency fell off a cliff, so to say, breaking below key supports at $9,500, $9,000, and $8,700 as bulls provided no resistance to the selling pressure.This weakness…
Despite successful shows of force from CME Group and Bakkt’s Bitcoin options offerings, the majority of volume still goes through Deribit. This squashes fears that the new offerings would be in direct competition with the European firm, and highlights the fact that non-institutional investors seem to prefer unregulated exchanges.CME Group’s LaunchCME successfully launched Bitcoin options…
At long last, the CME — one of the first regulated institutions to offer Bitcoin futures — will be launching options for its BTC futures contracts. The launch will be taking place on January 13th (today, as of the time of publishing this).Related Reading: Ripple CEO: These 3 Key Reasons Are Why XRP is Not…
Ever since Bitcoin (BTC) started declining last July, falling as low as $6,400 by the middle of December, analysts have been wondering when bulls are going to step in and push cryptocurrencies higher once again.Related Reading: Why Analysts Think Bitcoin Price On Verge of Crash to $6,000According to institutional investment data in the form of the…
This Monday, a Bitcoin price gap opened in the CME futures between $7,200 and $7,450 due to weekend volatility in the cryptocurrency market. The thing is, on Monday, the leading cryptocurrency was trading at $7,600, even as high as $7,700, leading some to suggest that the asset was going to leave the CME futures gap…
Statistics show that the Bitcoin price may be on the verge of seeing a red week. No, by red I don’t mean Christmas, I mean a week in which the cryptocurrency falls, potentially to enter back in the range of the $6,000s.Related Reading: Lightning Works: Bitcoin Podcaster Finds Restaurant Shunning Banks for BTCBitcoin Futures’ Imply BTC…
If you’ve been on Crypto Twitter at all during 2019, you’ve likely heard the term “Bitcoin futures gap” mentioned again and again.For some context, a “gap” in a financial market is when an asset doesn’t trade at a certain price, leaving a gap in the order books and charts which is highly irregular. While gaps…
On Friday, the Chicago Mercantile Exchange’s cash-settled Bitcoin futures contract for the month of November was reported to have expired by a number of analysts. While these financial derivatives are cash-settled, analysis by a top cryptocurrency trader suggests that the expiry of the monthly futures means that BTC has a positive price trajectory into the…
Late last month, Bitcoin (BTC) saw a jaw-dropping trading session, with the cryptocurrency’s price gaining 42% in a 24-hour time frame; this was BTC’s best daily performance in over six years. This move, which brought the asset from $7,300 to $10,500, shocked many, with many seeing the surge as entirely non-sensical. Related Reading: Bitcoin Twitter…
The Friday before last, the Bitcoin futures contract on the Chicago Mercantile Exchange (CME) closed the week at $8,715. It was a strong performance, especially considering that on Wednesday of that week, the leading cryptocurrency had plunged to $7,300 in a flash crash event. The thing is, shortly after the CME closed up shop for…