“Serious” global interest in futures is accompanying the launch of two options products, as open interest also extends higher. Bitcoin (BTC) futures traders generated at least $20 billion in daily volume last week as two new options products prepared to hit the market. According to data released by futures provider CME Group on Jan. 9,…
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The up move in the top crypto performers of the past seven days shows that bulls are back in the game. The CME Group will launch its Bitcoin options contract on Jan. 13. The analysts at JPMorgan Chase & Co. have spotted a 69% increase in open interest from year-end in CME’s existing Bitcoin futures…
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Despite strong gains over the past two weeks, Bitcoin’s price remains neutral, suggesting further downside is in store before a strong trend reversal can occur. Bitcoin price (BTC) increased over 10% over the past week, so it didn’t take long for the usual crypto Twitter suspects to start screaming that they are all bullish now.…
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Dash sees its price increase by 16% as Bitcoin hovers around the $8,100 mark, market situation mixed. Sunday, Jan. 12 — most of the top cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers around the $8,100 mark again. Market visualization courtesy of Coin360 Among the top cryptocurrencies, the…
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Bitcoin price rebounded above $8,000, looking to test new highs in 2020 and break a 7-month downtrend with 5 months to go before the halving. The price of Bitcoin (BTC) broke out of a 2-month range and rallied to $8,400 during this week. However, the price couldn’t break out of the downtrend and is stuck…
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The bounce off the first support levels on most major cryptocurrencies indicates a possible change in trend. Safe haven assets were dumped on Jan. 8, on reports that the US-Iran conflict might not escalate to an all out war. Cryptocurrencies, which had surged alongside gold and oil with also retreated from two-month high. However, the…
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Bitcoin price increased amid rising tensions in the Middle East earlier this week but is BTC’s recent correlation to gold price supported by the data? Bitcoin’s (BTC) classification has been a controversial and difficult topic for crypto-enthusiasts, investors, and regulators to reach a consensus on. The digital asset has been compared to a currency, a…
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Bitcoin price rebounded over $8,000 earlier today snapping a 3-day losing streak and placing the asset in a good position to test the $8.6K and $9K levels next. On Friday Bitcoin (BTC) price reclaimed $8,000 as bulls appear to be setting their sights on a second go at the weekly high at $8,473. Earlier in…
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Speaking to mainstream media, Sonny Singh publicly pledged his belief in BTC/USD beating its all-time high of $20,000 at some point this year. Bitcoin (BTC) will reach its highest price ever this year due to “unforeseen” events, which will draw in new buyers, one senior cryptocurrency industry executive says. In an interview with Bloomberg on…
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The largest cryptocurrency sees heavy downward pressure since hitting in excess of $8,400, with a CME futures gap providing reliable support. Bitcoin (BTC) continued falling on Jan. 10 as gains from late last week fizzled and markets attempted to find support levels in the $7,000-$8,000 range. Cryptocurrency market daily overview. Source: Coin360 BTC futures gap…
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