Prices

Market Update: Cryptocurrency and Gold Markets Fueled by Failing Global Economy

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The cryptocurrency economy has spiked significantly on July 26 into the overnight trading sessions capturing over $300 billion in value. Bitcoin is trading above the $10,360 zone while ethereum is swapping for $321 per coin. Meanwhile, the precious metals gold and silver have seen incredible gains as well on Monday. The Crypto Economy Surpasses $300 …

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Market Update: Crypto Cap Nears $300 Billion, BTC Hits $10K, ETH Rallies Hard

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The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is outpacing the top crypto measured by market valuation. At the time of writing, the …

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Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises

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700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com …

Market Outlook: Crypto Economy Sheds $10B Overnight, Exchange Inflow and Sell Pressure Rises Read More »

Market Update: Crypto Assets Slowly Gather Gains, Bitcoin Needs Capital Inflow, ADA Jumps 85%

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Cryptocurrency market prices have improved a great deal since our last market update, as the overall market capitalization of all 5,700+ coins has gained $16 billion since June 14. Most of the top digital assets have remained in a consolidated cycle and a great number of cryptos have been able to hold above their 50-day …

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Bitcoin Rises in Line With Stocks After Dip Below $9K

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Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.  As of 09:35 UTC, the leading cryptocurrency by market value is trading at $9,190, representing a 1.4% gain on a 24-hour basis, according to CoinDesk’s Bitcoin Price Index.  Meanwhile, major European equity indices are up at least 1.5% …

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Search For Yield Drives Ether’s Put-Call Ratio to One-Year High

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Investors’ search for yield has pushed a widely tracked ether options market metric to its highest level in 12 months.  The put-call open interest ratio, which measures the number of put options open relative to call options, rose to 1.04 on Thursday, a level last seen in July 2019, according to data provider Skew, a …

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Bitcoin’s Price Correlation With S&P 500 Hits Record Highs

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Ever since its inception, bitcoin has been dubbed “digital gold,” given it is durable, fungible, divisible and scarce like the precious metal.  However, while gold has a strong track record of rallying in times of stress in the global equity markets, bitcoin is yet to build a similar reputation as a safe-haven asset. In fact, …

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Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’

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Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more. …

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A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock

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A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent …

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Bitcoin Options Market Faces Record $1 Billion Expiry on Friday

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Bitcoin’s (BTC) derivatives continue to grow despite light spot trading  over the past two months. The cryptocurrency’s options market is on its way to a record $1 billion monthly expiry this Friday.  At press time, there are 114,700 option contracts (notional value of over $1 billion) set to expire on June 26 across major exchanges – …

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