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…
Bitcoin (BTC) hasn’t been doing too hot over the past 24 hours. As of the time of writing this piece, the cryptocurrency is down some 5% on the day — falling from yesterday’s peak of $9,250 to $8,700 — having lost the key $9,000 support level after holding strong above it for nearly two weeks’…
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…
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…
It seems that the now-infamous China pump of 2019 has awoken something in Bakkt’s Bitcoin futures. On the day of the jaw-dropping 42% pump last week, the exchange’s futures saw more than $10 million worth of volume traded, a new all-time high for the fledgling market. Since then, this volume has persisted. This growth, however,…
Just when crypto markets were in danger of falling below the crucial $200 billion market capitalization level a massive surge injected over $50 billion back in. The Bitcoin led rally is one of the largest in recent history and nearly all altcoins are enjoying big double digit gains today. Crypto Markets Surge 25% Bitcoin literally…
Trading appears to be off to a positive start on Bakkt following its launch late yesterday. The same cannot be said for Bitcoin which at the moment is experiencing a lull in volume and volatility. Bakkt Bitcoin Volume to Increase Over Time Launching a major institutional investment product for a relatively new asset is not…
Looking back at when derivatives products were launched for other asset classes may offer some insight as to what will happen to Bitcoin markets. Analysts have been doing just that and the results are extremely bullish on paper but there could be some differences with crypto assets. Bitcoin Futures Good or Bad? To draw comparison,…
Ethereum has been in the doldrums lately. Bitcoin has made all the moves generally lifting crypto markets and increasing its own dominance largely at the expense of the higher cap altcoins such as Ethereum and XRP. That all changed today when ETH finally got some good fundamentals to send it surging 12 percent. CTFC Ready…