Markets

Retail Bought $3.7K Bitcoin Price Dip on Record $76B Volume: Report

Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time.  According to an exchange report released by CryptoCompare, Bitcoin (BTC) trading volume saw record-breaking numbers throughout the month. Cryptocurrency market daily view. Source: Coin360 The March 13 market crash …

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This Historically Accurate Pattern Suggests Epic Bitcoin Plunge to $3K

The short-term trend of the Bitcoin (BTC) price since its drop to $3700 shows an Elliot Wave pattern forming on lower time frames. While the pattern can reverse to a bullish trend, the declining volume of BTC suggests it is not likely. The Bitcoin price has been ranging in between $5,800 and $6,900, with an …

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2 Reasons a Deeper Correction in Stocks May End Bitcoin’s Rally to $8K

The Bitcoin price (BTC) rallied to around $7,300 on April 3, and BTC is still holding onto the $6,700 support level, meaning the price could push the dominant cryptocurrency to the $8,000 area. But, a highly accurate hedge fund manager’s stock market warning could rattle the cryptocurrency market in the short-term. Dan Niles, the founding …

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Ether-Bitcoin Price Volatility Spread Hits 4-Month Low

Cryptocurrency prices have always been roller coasters, and some rides are scarier than others. However, there may not be much difference in price volatility between the top two coins in the coming months, a key metric indicates. The spread between the three-month at-the-money implied volatility for ether (ETH) and bitcoin (BTC), a measure of expected relative …

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Looking for a Safe Haven Digital Asset? Try Gold

Olga Feldmeier is CEO and co-founder of SMART VALOR, a European digital asset platform for trading, staking and issuance. She previously held executive positions at UBS and Barclays.   The rapid spread of the coronavirus caught most of us completely unprepared, including most of us in finance.  Now is the time for most people to adjust their financial holdings. The …

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Manufacturers Mark Down Bitcoin Miners as Price Drop, Halving Change Calculus

Bitcoin mining machines are on sale. Last month’s crash in cryptocurrency prices has prompted manufacturers to sell inventories at a discount, in some cases as steep as 20 percent, over the past few weeks. Both the newest models and slightly older machines have been marked down. Complicating the matter is the imminent bitcoin halving in …

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Looking for a Halving Payday? Quick Wins in Investing Are Rare

Osho Jha is an investor, data scientist and tech company executive who enjoys finding and analyzing unique data sets for investing in both public and private markets.  Many bullish investment theses for bitcoin are grounded in expectations that the upcoming halving of block rewards will cause the BTC price to increase. Previous supply constrictions,  from …

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Bitcoin Takes Tumble, Traders Fret Correlation and Next Month’s Halving

Bitcoin and ether are trending down as traditional markets closed in the red Wednesday.  On a 24-hour basis, bitcoin (BTC) was in the red 4 percent Wednesday afternoon Eastern time and ether (ETH) was down 3 percent. Most other cryptocurrencies were off as well.  Notable assets down in the dumps on CoinDesk’s big board include …

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Online Black Markets’ Bitcoin Revenues Take a Hit Amid Pandemic

The coronavirus pandemic has touched every corner of the world economy – even the seedy underbelly of internet commerce. Customers spent fewer bitcoins at darknet markets over the last two months despite the slide in the cryptocurrency’s price, according to data from blockchain surveillance firm Chainalysis. Darknet markets are websites that facilitate the sale of illegal …

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Bitcoin Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis

Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities.  On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and ether (ETH) was up slightly as well. The performance of …

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