Markets

Bitcoin now has a 7% chance of beating $20K highs in the next 2 months

Bitcoin (BTC) has a 7% probability of beating its $20,000 all-time highs by the end of this year, data shows. According to data from on-chain analytics resource Skew, as of Oct. 22, Bitcoin options were moving in favor of higher prices continuing in 2020. BTC odds “repricing quickly” At press time, the likelihood of BTC/USD …

Bitcoin now has a 7% chance of beating $20K highs in the next 2 months Read More »

Market Wrap: PayPal Powers Bitcoin Past $12.8K as Ether Dominance Drops

Bitcoin blows past its previous 2020 high while ether’s crypto market share dips from its 2020 high in September. Bitcoin (BTC) trading around $12,709 as of 20:00 UTC (4 p.m. ET). Gaining 6.4% over the previous 24 hours. Bitcoin’s 24-hour range: $11,863-$12,916 BTC above its 10-day and 50-day moving averages, a bullish signal for market …

Market Wrap: PayPal Powers Bitcoin Past $12.8K as Ether Dominance Drops Read More »

Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall to 3-Month Low

Bitcoin’s price passed $12,000 for the first time since September as Ethereum fees dipped. Bitcoin (BTC) trading around $11,910 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,673-$12,058 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp …

Market Wrap: Bitcoin Tests $12K; Ethereum Fees Fall to 3-Month Low Read More »

How Strong Is Bitcoin’s Push Above $12,000?

Who has the most recent bitcoin move right, the bulls or the bears?  Our main discussion: bulls vs. bears as bitcoin passes $12K Someone recently tweeted, “Bitcoin price has never been this high with such bearish sentiment.”  On this episode, NLW looks at the bullish case (growth in open interest on CME backed by strong …

How Strong Is Bitcoin’s Push Above $12,000? Read More »

Bitcoin price nears final hurdle at $12K before bull market euphoria

The price of Bitcoin (BTC) had to hold the crucial support level between $11,100-11,300, and it did. After this support test, the price of BTC continued to surge upward on Oct. 20, reaching the crucial resistance area between $11,900-12,200. This upward move came along with weakness in the dollar, as the U.S. Dollar Currency Index …

Bitcoin price nears final hurdle at $12K before bull market euphoria Read More »

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC

The cryptocurrency market has suddenly shifted back to Bitcoin (BTC) after several months of a decentralized finance (DeFi) frenzy. While market cap dominance remains below 60%, earlier this month, the trading dominance of BTC has spiked to levels not seen since 2017 when the price hit an all-time high at $20,000. The trading dominance of …

Bitcoin trading dominance hits 2017-levels not seen since $20,000 BTC Read More »

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance

Bitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September. Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,409-$11,839 BTC above its 10-day and 50-day moving averages, a bullish …

Market Wrap: Bitcoin Bounces to $11.8K; Over 10K BTC Locked in Harvest Finance Read More »

Bitcoin News Roundup for Oct. 19, 2020

With BTC transaction activity slowing and Filecoin miners striking, CoinDesk’s Markets Daily is back for your latest crypto news roundup! Bitcoin’s transaction activity has cooled amid the recent lull in price action – and that’s hurting miners’ earnings.  Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has …

Bitcoin News Roundup for Oct. 19, 2020 Read More »

Crypto Long & Short: The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure

This week saw more exchange drama rock the crypto markets.  OKEx, one of the industry’s largest crypto-fiat exchanges, suspended all cryptocurrency withdrawals, saying one of the exchange’s key holders has “been out of touch” with the exchange because they are “currently cooperating with a public security bureau in investigations.”  Coming hard on the heels of …

Crypto Long & Short: The OKEx Drama Exposes a Weakness in Crypto Market Infrastructure Read More »