commodities

Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021

Crypto markets have reversed course across the board and are flashing green Friday. Bitcoin crossed over $32,000 and ether is rallying hard in 2021 so far. Bitcoin (BTC) trading around $33,608 as of 21:00 UTC (4 p.m. ET). Gaining 5.3% over the previous 24 hours. Bitcoin’s 24-hour range: $28,845-$33,873 (CoinDesk 20) BTC above the 10-hour …

Market Wrap: Bitcoin Back Above $33K While Ether Up 65% in 2021 Read More »

Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K

Trading action in the bitcoin market slowed Tuesday while ether’s price broke new ground. Bitcoin (BTC) trading around $36,483 as of 21:00 UTC (4 p.m. ET). Climbing 0.85% over the previous 24 hours. Bitcoin’s 24-hour range: $36,029-$37,876 (CoinDesk 20) BTC below the 10-hour but above the 50-hour moving averages on the hourly chart, a sideways …

Market Wrap: Bitcoin Hangs at $36.4K While Ether Flies to Over $1.4K Read More »

Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH

Bitcoin was slipping Friday on lower-than-average volumes for 2021 so far. In other news, while BTC and ETH are up this year, some DeFi tokens are doing even better. Bitcoin (BTC) trading around $35,610 as of 21:00 UTC (4 p.m. ET). Slipping 9.4% over the previous 24 hours. Bitcoin’s 24-hour range: $34,425-$39,673 (CoinDesk 20) BTC …

Market Wrap: Bitcoin Dips to $34.4K as Big-Name DeFi Tokens Trounce ETH Read More »

Market Wrap: Bitcoin Hovers Around $34.2K While Options Traders Pay Up for Possible ETH Upside

After a record day in spot volume, bitcoin’s price went up, down and back up. Meanwhile, most ether options traders are bearish, some are paying up in case it gets close to record highs. Bitcoin (BTC) trading around $34,278 as of 21:00 UTC (4 p.m. ET). Gaining 3% over the previous 24 hours. Bitcoin’s 24-hour …

Market Wrap: Bitcoin Hovers Around $34.2K While Options Traders Pay Up for Possible ETH Upside Read More »

Market Wrap: Bitcoin Crosses $41.9K as Ether Futures Interest Grows 85% So Far in 2021

Bitcoin hit a fresh all-time high Friday as investors continued to scoop up some of its limited supply. The ether futures market also hit records as derivatives traders check out the second-largest cryptocurrency by market capitalization. Bitcoin (BTC) trading around $39,304 as of 21:00 UTC (4 p.m. ET). Gaining 0.64% over the previous 24 hours. …

Market Wrap: Bitcoin Crosses $41.9K as Ether Futures Interest Grows 85% So Far in 2021 Read More »

Market Wrap: Bitcoin Reaches $40.3K While DeFi Value Locked Inflates to Over $22B

Large trading volumes in the bitcoin spot market are helping push prices upward to a fresh record high. Ethereum-based DeFi value locked is also setting records, with rising crypto values playing a part. Bitcoin (BTC) trading around $39,143 as of 21:00 UTC (4 p.m. ET). Gaining 8.4% over the previous 24 hours. Bitcoin’s 24-hour range: …

Market Wrap: Bitcoin Reaches $40.3K While DeFi Value Locked Inflates to Over $22B Read More »

Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options

Retail buying through PayPal is likely helping push bitcoin’s price higher while traders are hoping to get into an ether options market with potential volatility similar to March 2020. Bitcoin (BTC) trading around $36,122 as of 21:00 UTC (4 p.m. ET). Gaining 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $33,875-$36,122 (CoinDesk 20) BTC …

Market Wrap: Bitcoin Blows Past $36.1K While Traders Clamor for Ether Options Read More »

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day

Higher-than-average spot volume, even for the past month, is helping push bitcoin’s price upward at a time when traders are plowing into ether futures at a quick pace to open 2021. Bitcoin (BTC) trading around $33,987 as of 21:00 UTC (4 p.m. ET). Gaining 8.9% over the previous 24 hours. Bitcoin’s 24-hour range: $29,986-$34,220 (CoinDesk …

Market Wrap: Bitcoin Breaks $34K as Ether Futures Interest Jumps $350M in a Day Read More »

Market Wrap: Bitcoin Briefly Drops Close to $28K as Ether Futures Heat Up

Over-leveraged bitcoin investors in the derivatives market led to Monday’s sell-off while ether spot and futures markets are starting to get a lot more attention. Bitcoin (BTC) trading around $31,444 as of 21:00 UTC (4 p.m. ET). Slipping 5.7% over the previous 24 hours. Bitcoin’s 24-hour range: $28,154-$33,562 (CoinDesk 20) BTC slightly below its 10-hour …

Market Wrap: Bitcoin Briefly Drops Close to $28K as Ether Futures Heat Up Read More »

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish

Few seem to be bothered by bitcoin’s volatility on Tuesday, as the No. 1 cryptocurrency by market capitalization declined to the $26,000 level after its first-ever trades above $28,000 on Sunday. Many market participants are convinced retail and institutional investors will push bitcoin’s price higher after the holiday lull. Bitcoin (BTC) trading around $26,937.67 as of …

Market Wrap: Bitcoin Down to $26K but Traders Remain Bullish Read More »