New institutional investors flocking into Bitcoin helped major digital asset manager Grayscale Investments to raise over USD 600 million in 2019, or more than in 2013-2018 combined. Cumulative investment across the Grayscale family of products surpassed USD 1 billion for the first time, the company said in their 2019 Digital Asset Investment Report. The report…
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Recently, bitcoin price made another attempt to clear the USD 8,850 resistance area. However, BTC/USD failed to continue higher and started a short term downside correction. On the downside, the USD 8,550 support area might play a major role in the coming sessions. On other hand, there were corrective moves in most major altcoins, including…
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Source: iStock/hocus-focus Only about 10 global cryptocurrency exchanges have any real impact on the price discovery in the bitcoin market, a new research study from crypto analytics firm Digital Asset Research suggests. The study said that price moves that originate in one of these 10 exchanges later trickle over to other marketplaces, Bloomberg reported. This…
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The bitcoin (BTC) safe haven narrative perhaps got its strongest confirmation in the wake of the U.S. missile strike in Iran, and it showed growth as a legitimate asset class, finds crypto market analysis firm Coin Metrics. The BTC as a safe haven narrative is a tale as old as bitcoin, and numerous discussion have…
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Bitcoin price remained in a bullish zone and extended its upward move above the USD 8,550 and USD 8,700 resistance levels. BTC/USD traded towards the USD 9,000 level and formed a swing high near USD 8,850. It corrected lower recently, but the bulls remain in action and the price could rise above USD 8,900. Also,…
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The Organisation for Economic Co-operation and Development (OECD) has recruited some of the biggest names in cryptocurrency and blockchain technology to advise it on blockchain-related matters and distributed ledger innovations. The international organization will seek tips from players such as Joe Lubin of ConsenSys, as well as key execs at eToro, Bitfury and Ripple –…
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Source: iStock/pick-uppath Following the launch of bitcoin options trading on the Chicago Mercantile Exchange (CME) yesterday, the exchange reported that 55 options contracts changed hands during the first day of trading. Each options contract at the CME represents a right, but not an obligation, to buy one bitcoin futures contract, which in turn represents 5…
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As Bitcoin (BTC) mining difficulty and hashrate are reaching new all-time highs, the Cryptoverse is discussing the meaning behind it, and it seems unlikely that the miners are capitulating ahead of the Bitcoin mining reward halving in May. As reported by Cryptonews.com in October 2019, miners will try to increase their mining activity, so as…
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Yet another step forward in the institutional adoption of bitcoin will be taken today with the launch of the much-anticipated bitcoin options market by the major financial derivatives marketplace Chicago Mercantile Exchange Group (CME). As reported by Bloomberg, a note written by strategists at JPMorgan Chase & Co indicated “high anticipation” to the Read more…
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In the past few sessions, there were mostly range moves in bitcoin price above the USD 8,000 and USD 7,850 support levels. BTC/USD also made a few attempts to gain momentum above the USD 8,250 and USD 8,350 resistance levels, but it failed. Similarly, it seems like most major altcoins are consolidating and preparing for…
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