BTC Price

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth

Historically, activity surrounding the Bitcoin (BTC) monthly futures and options expiry has been blamed for weakening bullish momentum. A few studies from 2019 found a 2.3% average drop in BTC price 40 hours before the CME futures settlement date.  However, as Cointelegraph reported in June 2020, the effect faded away. While 2020 seems to have …

Data shows the ‘Bitcoin price drops ahead of CME expiries’ claim is a myth Read More »

Bitcoin bull run won’t end ‘any time soon’ as whale buying hints at new $52K floor

As Ether (ETH) passed $4,000 and multiple altcoins saw their own all-time highs on May 10, data showed that there is still more buying appetite to come. Traders prepare to sink funds into crypto A trading frenzy is gripping altcoins, while Bitcoin (BTC) continues to consolidate while showing signs that it is ready to tackle …

Bitcoin bull run won’t end ‘any time soon’ as whale buying hints at new $52K floor Read More »

Binance CEO says volatility ‘is not unique to crypto’: Data shows it’s Bitcoin’s jet fuel

During an interview with Bloomberg TV on May 3, Binance CEO Changpeng Zhao suggested that Bitcoin (BTC) “is probably less volatile” than the stock prices of Apple (AAPL) and Tesla (TSLA). Zhao argued that crypto’s volatility was not unlike the stock market, adding: that “volatility is everywhere” and that “it is not unique to crypto.” …

Binance CEO says volatility ‘is not unique to crypto’: Data shows it’s Bitcoin’s jet fuel Read More »

GBTC discount presents a unique challenge for Grayscale and investors

Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust’s convertibility and liquidity vastly differ from an Exchange Traded Fund (ETF). Trusts are structured as companies, at least in regulatory form, and are ‘closed-end funds’ which can initially only be …

GBTC discount presents a unique challenge for Grayscale and investors Read More »

MicroStrategy sees up to 52% revenue surge as Saylor confirms more Bitcoin buys ahead

MicroStrategy, the company which owns over 91,000 Bitcoin (BTC), saw an astounding surge in revenues in Q1, its latest figures confirm. In a press release on April 30, CEO Michael Saylor revealed that the company’s success had gone far beyond its Bitcoin profits. Saylor: Hodling BTC creates “substantial value” MicroStrategy has continued to hit the …

MicroStrategy sees up to 52% revenue surge as Saylor confirms more Bitcoin buys ahead Read More »

Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs

Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ag. Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and …

Bitcoin set to close first ‘red’ April in 6 years as Ethereum keeps hitting all-time highs Read More »

Sub-$60K monthly close will make Bitcoin’s $3.9B options expiry a non-event

Bitcoin’s (BTC) 2021 performance has been impressive, but traders waiting for a record-breaking monthly candle are likely to be disappointed this week.  After peaking at $64,900 on April 14, a jaw-breaking 27% correction followed, causing BTC price to drop to the $46,000 level. This downside move obliterated more than $9 billion long BTC futures contracts …

Sub-$60K monthly close will make Bitcoin’s $3.9B options expiry a non-event Read More »

Bitcoin funding rate flips negative after $48K retest — Was it a bear trap?

As Bitcoin (BTC) lost the $52,000 support on April 22, the futures contracts funding rate entered negative terrain. This uncommon situation causes the shorts, investors betting on price downside, to pay fees every 8 hours. While the rate itself is mildly damaging, this situation creates incentives for arbitrage desks and market makers to buy perpetual …

Bitcoin funding rate flips negative after $48K retest — Was it a bear trap? Read More »

New Bitcoin price concerns from JPMorgan at odds with ‘immense support’ at $52K

Bitcoin (BTC) is seeing a tsunami of new user adoption as a backdrop to prices likely bottoming at around $52,000, say analysts. In a series of tweets on April 20, statistician Willy Woo led calls for calm about Bitcoin’s recent price dip and subsequent lingering $9,000 below recent all-time highs. $1 trillion cap has created …

New Bitcoin price concerns from JPMorgan at odds with ‘immense support’ at $52K Read More »

Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry

Bitcoin (BTC) price is making a slow recovery after facing a sharp 16% correction in the early hours of April 18. While some analysts blame a 9,000 BTC deposit at Binance, others focused on the hashrate drop caused by a coal mining accident in China. Regardless of the reason behind the $51,200 low, options market …

Bitcoin bears have a $340M lead heading into Friday’s BTC options expiry Read More »