Bitcoin has risen above $10,000 for the first time in almost a month as protests in U.S. cities continue to intensify. At around 23:05 UTC (7:05 p.m. Eastern Time), bitcoin (BTC) rose from $9,895 to around $10,429 over the course of 30 minutes as a new wave of volatility greeted the end of the daily …
Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities Read More »
Bitcoin’s price is gathering upward momentum as traders buy fewer put options, which are bearish bets on the top cryptocurrency. At press time, bitcoin was changing hands near $9,400, representing a 2% gain on the day, according to CoinDesk’s Bitcoin Price Index. On a week-to-date basis, the cryptocurrency is now reporting over 8% gains. Bitcoin’s …
Bitcoin Price Tests $9.4K as Demand for Put Options Drops Read More »
Bitcoin moved back over $9,000 earlier on Tuesday alongside signs of an improved risk appetite in the traditional markets. Prices rose to a high of $9,010 at 08:05 UTC, but quickly fell back below $8,900, pouring cold water over excitement generated by Monday’s 2.3% bounce from the two-week low of $8,630. At press time, the …
Bitcoin Bounce Stalls at $9K Amid 2% Rise in S&P 500 Futures Read More »
With bitcoin’s price losing altitude again, small investors appear to be seeking exposure to the top cryptocurrency by market value. Prices fell by 9.8% last week to register bitcoin’s biggest weekly decline since the second week of March, according to CoinDesk’s Bitcoin Price Index. A two-week low of $8,630 was registered early on Monday, with prices …
As Bitcoin Falls to 2-Week Lows, Small Investors Look to Be Buying Read More »
Bitcoin prices look to be struggling with buyer exhaustion, having put in a negative performance in the last 24 hours despite positive developments on both the macro and technical fronts. The top cryptocurrency by market value fell from $9,760 to $9,100 during Wednesday’s U.S. trading hours, even though major investment banks like JP Morgan and …
Bitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US Stimulus Read More »
On May 13, the San Francisco-based cryptocurrency exchange, Coinbase published a report that shows digital currency investors are investing in alternative cryptocurrencies despite bitcoin’s 67% market dominance. Data from Coinbase shows that customers with at least five crypto purchases, roughly 60% of them buy bitcoin first but only 24% remain exclusively loyal to the digital …
While bitcoin is fast reversing its pre-halving price drop, some miners still look to be leaving the network. At time of writing, the top cryptocurrency by market value is changing hands at $9,730, representing a 20% gain on the low of $8,100 observed Sunday – the day before Bitcoin underwent its third mining reward halving. …
Bitcoin’s Price Has Bounced But Miners May Still Be Switching Off Post-Halving Read More »
Open contracts on bitcoin options rose to record highs on Thursday as the cryptocurrency’s price rose into five figures. Data from major exchanges – Deribit, LedgerX, Bakkt, OKEx, and CME – shows that open interest on options rose above $1 billion, surpassing the previous all-time high of $70 million registered on Feb. 14, according to …
Open Positions on Bitcoin Options Pass $1B for First Time Read More »
Bitcoin looks to have decoupled from traditional markets as investors refocus on the network’s imminent mining reward halving. While the top cryptocurrency by market value has gained nearly 5.9% so far this month, gold, a haven asset, has declined by 1%. Meanwhile, as of Wednesday, the S&P 500, Wall Street’s equity index, was down 2.2% …
Bitcoin Outperforming Gold and Stocks so Far This Month Read More »
Bitcoin is up again Friday as losses are seen in U.S. stocks futures. Following a rise of 23% over the last two days, though, the rally looks overstretched and the gains may be short-lived. At press time, the biggest cryptocurrency by market value is trading near $8,860, representing a 2.8 percent gain on the day, …
Bitcoin Rises Back to $8.8K Even as Futures on U.S. Stocks Drop Read More »
