Major financial derivatives marketplace Chicago Mercantile Exchange Group (CME) is seemingly ready to launch its long-awaited options on Bitcoin (BTC) futures on January 13. As BTC’s market capitalization is growing, a number of options to trade this cryptocurrency is growing as well. We may not see ETFs (exchange-traded funds) in the U.S. for a while…
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Bitcoin price remained in a bearish zone and failed to stay above the key USD 8,000 and USD 7,850 support levels. BTC/USD is now closing in towards USD 7,700, below which the price could test the next major support near USD 7,550 in the coming sessions. Similarly, most major altcoins turned red and declined further,…
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Source: iStock/Albert_Karimov In just one week, marked with increased political tension in the Middle East, bitcoin (BTC) moved following traditional safe haven assets such as gold on two occasions. Last week, BTC’s move up coincided with the news that Iranian general Qasem Soleimani was killed by a U.S. drone strike. Back then, not many were…
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Swiss crypto financial services provider Bitcoin Suisse is planning to acquire a banking license in 2020 as part of its plans to build momentum for an initial public offering (IPO). The Zug-based company put in its license application in July last year, and is hoping to be given the regulatory green light in 2020 as…
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As every year, be prepared that something unforeseen could happen in 2020 also, fueling another bitcoin (BTC) rally, Sonny Singh, chief commercial officer of major crypto payment processor BitPay, reminded. In either case, he estimates that BTC will rise above USD 20,000 this year. “A lot of people think it’s going to be because of…
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Bitcoin price struggled to continue above the USD 8,450 and USD 8,500 resistance levels. As a result, BTC/USD started a downside correction below the USD 8,350 and USD 8,200 support levels. The price even traded below USD 8,000, but it is holding the key USD 7,850 support (09:00 UTC). Similarly, most major altcoins extended their…
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Bitcoin (BTC), the best performing asset of the last decade, ended 2019 on a far better note than both gold and the U.S. S&P 500 stock index, while still remaining uncorrelated to traditional assets, a new report from crypto exchange operator SFOX noted. However, there might be a new trend forming in the crypto market.…
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Source: iStock/da-kuk After another strong rally on Tuesday, the most popular cryptocurrency, bitcoin (BTC) is back above USD 8,000 again, increasing its gains this year to more than 15%. Meanwhile, all major altcoins are in red against BTC today. At pixel time (08:49 UTC), BTC trades at c. USD 8,320 and is up 5.4%. While…
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Source: iStock/dima_sidelnikov American regulators are unlikely to green-light Bitcoin ETFs (Exchange-traded Funds) this year, but a China-based expert says that once approved, crypto ETFs will usher in a multitude of benefits to the industry. Matthew Graham, CEO of the China-based advisory company Sino Global Capital and General Partner at Liquid Value, spoke on the matter…
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Source: iStock/Photographer, Filmmaker, Designer Bitcoin (BTC) has gone up over 4.6% in a day, and nearly double that in a week. Popular crypto analysts and traders are discussing this jump, but not many seem convinced that this particular rally will last, let alone lead to new all-time highs. The number one coin by market capitalization…
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