Substantial spot volume, a favorable futures premium, and top traders buying the dip are all signals that Ethereum price should see continuation. After dropping 27% over three days, Ether (ETH) price finally reached a bottom at $1,040 on Jan. 22. The sharp correction liquidated $600 billion worth of future contracts but interestingly, Ether price rebounded…
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VanEck has filed with the SEC to launch the Digital Assets ETF related to the performance of top cryptocurrency companies. VanEck, a major American investment management firm, is making another attempt to launch a digital asset-related exchange-traded fund, or ETF. According to a Jan. 21 filing with the United States Securities and Exchange Commission, VanEck’s…
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After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of…
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The open interest on Bitcoin options has hit $8.8 billion but data show bulls are in favor after BTC’s rally to a new all-time high. Over the past two months the open interest on Bitcoin options has held reasonably steady even as the figure increased by 118% to reach $8.4 billion as (BTC) price rose…
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Bitcoin market volatility is scaring off new institutional investors, but meanwhile, old ones continue to buy up the BTC dips. As a result of the ongoing uptrend, many prominent institutions from the realm of traditional finance have sought to join the crypto bandwagon so as to not miss out on the ongoing action. For starters,…
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Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada. Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Monday, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario…
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Bitcoin futures and options indicators remained stable during the 26.5% crash, a signal that the harshest part of the BTC correction may be over. This week’s $11,000 drop occurred in just 32 hours and this definitely an important milestone for Bitcoin (BTC) price. Many mainstream media outlets perceived the correction as the start of a…
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Traders are freaking out about today’s 27% Bitcoin price drop but historical data show sharp corrections are natural even during bull markets. After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term…
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Ethereum price may have dropped by 34% in 24 hours, but multiple data points show traders are still bullish on Ether. The past week has been an emotional rollercoaster for Ether (ETH) traders, as there were seven four-hour candles of a 10% or larger price movement. Furthermore, the most recent 30% drop to $920 triggered…
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Equos has introduced a Bitcoin perpetual futures contract, possibly setting the stage for wider professional adoption of digital assets. Equos, a Singapore-based digital currency exchange operated by Diginex, has announced the launch of a new Bitcoin (BTC) futures product without any settlement dates, marking a substantial leap in the BTC derivatives market. The firm introduced…
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