Around $6 billion has been dumped out of crypto markets over the past few hours as the bears return again. Coincidentally it has happened again, right after Bakkt launched more institutional investment products for Bitcoin. Bitcoin Barrels Towards $7k BTC charts were looking positive during late trading yesterday but the Asian session changed all of…
Crypto and Bitcoin traders should prepare for another sharp leg up, especially if the coin breaks above the $35,750 to $36,000 resistance wall this week. According to an X user, Alex Thorn, the Head of Firmwide Research, the $250 zone between those prices is a crucial liquidation barrier that derivatives traders closely watch. If bulls have…
Ethereum (ETH), the second largest cryptocurrency by market cap, experienced a price drop of over 3% within the last 24 hours. The reason is presumably a significant sell-off carried out by a prominent whale. The whale deposited 25,000 ETH (worth around $47.24 million) on Binance, only to withdraw a significant amount of USDT shortly afterwards.…
Ethereum is nearing its former all-time high of $1,440 set back in 2018 at the peak of the crypto bubble. Those who hed the altcoin throughout the bear market are finally getting the comeback they have been waiting for. But according to the strike price of a December ETH options contract that just debuted, the…
The approval of Bitcoin ETF options marks a new era for the Bitcoin market. With leveraged exposure, exponential growth potential, and volatility unlike anything before, Bitcoin's synthetic notional value could skyrocket. The U.S. Securities and Exchange Commission has approved the listing and trading of options for asset manager BlackRock’s spot bitcoin exchange-traded fund on the Nasdaq.…
Este artículo también está disponible en español. Bitcoin (BTC) may experience increased volatility in the coming days, driven by speculation surrounding another Chinese fiscal stimulus announcement and the expiration of BTC options worth $1.1 billion. Chinese Stimulus Measures To Help Bitcoin? According to the State Council Information Office, China’s Finance Minister, Lan Fo’an, is expected…
The SEC has approved a NYSE Arca rule change that raises position and exercise limits for options on BlackRock’s iShares Bitcoin Trust, giving institutional traders more room to hedge and express larger views around the spot Bitcoin ETF market. The change increases limits for IBIT options from 250,000 contracts to 1,000,000 contracts, according to the…
The recent Bitcoin (BTC) jump from $7,300 to $9,700 has renewed bullish expectations. Just three days ago, you had analysts calling for a return to the $3,000 lows — gold bug Peter Schiff even noted that $2,000 was in the cards; now, all eyes are on new all-time highs for Bitcoin. Related Reading: Crypto SIM Hack:…