Tag: Markets

Bitcoin Price Closes Its Third Best Q2 in History with 42% Gains

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Following an increase of 42% during Q2 2020, Bitcoin’s closing price of $9,140 was the third-highest position the asset has seen at the end of a quarter, trailing only to Q2 2019 and Q4 2017. On a yearly scale, BTC is also outperforming the S&P 500, WTI, gold, and the US dollar. Bitcoin Goes Up […]
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Binance Rolls Out 50x Leverage For Compound (COMP) While OKEx Adds Support For Spot Trading

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Binance, the world’s largest cryptocurrency exchange, has announced its plans to roll out a COMP/USDT Perpetual Contract. This is coming barely two weeks after the COMP governance token was launched by DeFi largest protocol, Compound Finance. Trading COMP With 50x Leverage Starting tomorrow, Tuesday, June 30 at 09:00 AM (UTC), Binance Futures traders will be […]
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Tone Vays: Bitcoin Price Won’t Break $10,000 This Year

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Bitcoin’s price will continue trading in a tight range between $6,000 and $10,000 until the rest of the year, believes popular BTC analyst Tone Vays. He also thinks that short-term breaches above $10k are insufficient since the asset heads back down almost immediately. BTC Between $6k And 10K The price of the primary cryptocurrency has […]
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Whales might be dumping Bitcoin on Grayscale, and a fund manager calls it “very bearish”

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Grayscale Trust, the institutional vehicle for accredited investors to get exposure to cryptocurrencies, has been making the rounds in crypto circles recently for seemingly cornering the Bitcoin market.
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Bitcoin Price Analysis: Will The 2015 Historic Support Line Save BTC From a Crash To $7000 – $8000?

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Only five days ago, the price of Bitcoin touched $9800, followed by another failure to break up the critical descending trend-line (marked yellow on the following daily chart). Since then, the primary cryptocurrency had been correlating with the plunging global markets, and as of writing these lines, Bitcoin is trading slightly above $9000. The Micro […]
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Chamath Palihapitiya: The US Has Become A Socialist Country, Buy Bitcoin To Protect Yourself

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Virgin Galactic Chairman and Social Capital CEO Chamath Palihapitiya recently doubled-down on his advice that people should allocate at least 1% of their portfolio in Bitcoin as protection. He believes that if the asset skyrockets in value, it would be because of rather damaging world events and the lack of proper countermeasures by governments. Palihapitiya: […]
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Blockchain integration: Towards equitable education for people in developing countries

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Blockchain integration is key to the success of any ecosystem. It is about the seamless functioning of several other systems, communication protocols, and technologies in real-time vis a vis each other. Big business and commercial projects are focused primarily on selling international standard equipment at international prices, as the bulk of their profits come from […] …

$1 Billion Bitcoin Options Expire On Friday: Upcoming Showtime For BTC Price?

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The notional value of Bitcoin options contracts set to expire tomorrow has reached a new record by exceeding $1 billion. With such a massive amount, the question remains how and if it will impact the price of the primary cryptocurrency. BTC Option Contracts To The Moon As CryptoPotato reported shortly after the mid-March panic sell-offs, […]
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The Next Hertz? Wirecard Files For Insolvency Following The Missing $2.1 Billion Fiasco

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Wirecard, a company whose subsidiary issues Crypto.com’s MCO Visa card and TenX’s Visa Debit Card, has filed for insolvency. This comes after it was reported that auditor Ernst & Young was unable to confirm that $2.1 billion appeared on the company’s trust accounts, and its former CEO was arrested. Wirecard Files for Insolvency As CryptoPotato […]
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Bitcoin Price Analysis: BTC’s Plunge To $9000 On Markets Collapse – Now This Level Becomes The Most Critical

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Two days ago, when everyone was bullish watching Bitcoin’s astonishing move breaking above the $9400 towards the $9800 in a matter of hours, we mentioned the importance of the $9800 level. That level created another touch in the descending trend-line, which is marked yellow on both charts below. This was the ninth (!) attempt to […]
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Bitcoin Price Analysis: Decision Time Facing Now Huge Resistance Area – Hidden Divergence?

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Over the past two days, Bitcoin (BTC) price maintained the same $9200 – $9500 trading area that followed its price action for quite some time. Bitcoin is known for its volatility and does not tend to stay at one place for long, or trade at a tight range of 3-4% for days already. As we […]
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Bitcoin Loses Key Support at $9,400 as Altcoins Bleed Slowly: Saturday’s Market Watch

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The past 24 hours saw Bitcoin losing an important support level at $9,400. At the same time, the entire market continues to slowly bleed out, as it has been doing for the past few days. Bitcoin Price Below $9,400 As CryptoPotato reported yesterday, Bitcoin continues to trade within a range between $9,200 and $9,500 for […]
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Bitcoin Price Stuck While NASDAQ Breaks All-Time Highs: The Weekly Crypto Report

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The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since.  Overall retail interest in the asset seems to […]
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CZ Highlights Anti-Addiction Notice After a 20-Year Old Committed Suicide For Losing $730K On Robinhood

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Changpeng Zhao, the CEO of the world’s leading cryptocurrency exchange, Binance, recently highlighted the importance of anti-addiction notices when trading high-risk products such as options. This comes days after a 20-year old tragically took his life after seeing a $730,000 negative balance on the popular retail trading app Robinhood. A Tragic Story On June 12th, […]
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Bybit Exchange Adds Customized Alerts Including Price And Trends Following

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Pro traders who eat, sleep, and swap Bitcoin 24/7 now have no excuse straying out of the loop. Derivatives exchange Bybit has introduced custom alerts for users of its trading app, providing on-the-go notifications around the clock. For traders whose edge is predicated upon executing trades seconds ahead of the market, the service should prove […]
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Bitcoin Price Analysis: BTC Sees Huge $700 Rebound, But Now Is The Real Test

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Quick recap: Bitcoin was trading inside a tight range over the weekend. Once the Monday’s Wall Street futures started trading on Sunday afternoon (U.S timezone) – Bitcoin price followed along. The futures forecasted a 2-3% significant declines. At that time, Bitcoin was fighting to stay on top of the $8900 – $9000 crucial support range, […]
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