Prices

Bitcoin Rises Above $10K for First Time in 25 Days as Protests Roil US Cities

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 …

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Bitcoin Price Tests $9.4K as Demand for Put Options Drops

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 …

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Bitcoin Bounce Stalls at $9K Amid 2% Rise in S&P 500 Futures

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 …

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As Bitcoin Falls to 2-Week Lows, Small Investors Look to Be Buying

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 …

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Bitcoin Drops Over 3% Despite Golden Cross and Bank Calls for More US Stimulus

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 …

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Retail Investors Branch to Altcoins: ‘60% of Coinbase Customers Start With Bitcoin, Only 24% Stick Exclusively’

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 …

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Bitcoin’s Price Has Bounced But Miners May Still Be Switching Off Post-Halving

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. …

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Open Positions on Bitcoin Options Pass $1B for First Time

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 …

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Bitcoin Outperforming Gold and Stocks so Far This Month

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% …

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Bitcoin Rises Back to $8.8K Even as Futures on U.S. Stocks Drop

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, …

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