As Bitcoin (BTC) has entered a launchpad-like state, finding itself in a lull as sentiment is beginning to trend positive again, institutions have started to accrue long positions of the cryptocurrency. This may imply that the crypto market is about to see its next leg higher. Related Reading: Crypto Tidbits: Bitcoin Stuck In $9,000s, Starbucks…
Despite the harrowing price drop seen in late September, institutions are expecting for the Bitcoin (BTC) price to soon head higher — at least for institutions involved in the Chicago Mercantile Exchange (CME) futures market. According to a recent Commitments of Traders report shared by Romano, traders that identify as either “asset managers” or “institutions”…
After bitcoin popped and fizzled last year, no institutional body was willing to touch it. Banking giant Goldman Sachs abruptly went quiet on its proposals to open a digital asset trading desk. Meanwhile, JP Morgan Chase head Jamie Dimon last October said that he does not “give a shit” about bitcoin. Deja Vu This year…
For a while now, investors have been waiting on futures for Ethereum (ETH), the second largest cryptocurrency by market capitalization. These expectations have been stifled though, with regulatory uncertainty and interest concerns about the crypto asset. But, according to a recent report from The Block, the CME Group, one of the world’s largest financial exchanges,…
This weekend has been nothing short of monumental for Bitcoin. Over the past two days the king of crypto has surged almost 15 percent to its highest price for 15 months. The big question now is will it carry on brushing resistance aside or is a pullback imminent? Over the past 24 hours Bitcoin reached…
Over the past year, crypto has struggled from a price standpoint. Thus, many investors that are looking to “HODL” have sought the light at the end of the tunnel that is institutional participation. But, one Wall Streeter, who has expressed some semblance of support for Bitcoin, recently claimed that this facet of the ecosystem just…
Holding onto and storing digital assets for clients has become one of the key criteria in offering crypto services, at least according to Goldman Sachs. The Wall Street banking giant said that it is not any closer to offering cryptocurrency products amid this year’s bear market according to Bloomberg. The bank’s head of digital asset…