5/12/2023 2:25:00 PM
Bitcoin's dive under $27K liquidates $100M — So why aren't margin traders flipping bearish
BTC price falls below the 55-day support level at $27,000, but futures market resilience sparks hope for a recovery toward $28,000. Bitcoin’s price (BTC) broke below its 55-day support at $27,000 on May 12. In result, the two-day, 7% correction to $26,155 caused $100 million worth of long BTC futures contracts to be liquidated. However, Bitcoin margin and futures markets displayed strength during the down-move, fueling hope of a recovery toward $28,000.Regulatory pressure, st
1/14/2021 6:26:30 PM
If Bitcoin doesn't break record highs right away, it wouldn't be the worst thing, trader posits
Trading sideways for a while could be healthy for Bitcoin. After its rise past $40,000, and a correction back to nearly $30,000, Bitcoin (BTC) has rebounded once again. Stalling before jumping back up past highs near $42,000 could be good for the asset, however, according to Brian Krogsgard, a trader and podcaster going by the name LedgerStatus on Twitter. “Bitcoin's correction was healthy in a strong bullish environment, mean reverting back to the 20 day moving average,” Kro
1/12/2021 2:20:56 AM
JP Morgan Warns of Falling BTC Price With Bitcoin ETF Approval in US
JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan […]
1/11/2021 7:14:31 AM
Guggenheim’s Scott Minerd Calls for Bitcoin (BTC) Profit-Booking, Seems a Plan to Buy Cheaper
It looks like the current Bitcoin (BTC) price rally isn’t just creating a FOMO among retail players but institutions as well. Just as the Bitcoin (BTC) price surged past $40,000 it has started giving jitters to some of the big industry veterans. Guggenheim Partners’ Scoot Miner who earlier predicted that Bitcoin (BTC) can touch $400,000 The post Guggenheim’s Scott Minerd Calls for Bitcoin (BTC) Profit-Booking, Seems a Plan to Buy Cheaper appeared first on Coingape.
1/9/2021 7:27:45 PM
Experts: Gold outflows are pushing Bitcoin higher
Gold's prospects seem to dim as Bitcoin's glitter According to multiple experts, one possible reason for Bitcoin’s remarkable recent price rise are massive investor outflows from another popular inflation hedge: gold. Spot gold swooned over the past week, falling 4.62% to $1,857. The asset previously had been surging in unison with Bitcoin, which is up over 40% from $28,000 lows last week.In a Tweet on Friday, Charlie Morris, founder and CIO at ByteTree Asset Management, said
1/5/2021 1:00:29 PM
FTX lists $GBTC, $ETHE, and $BITW Spot and Futures
Popular crypto-exchange FTX is in the news today after it listed $GBTC, $ETHE, and $BITW Spot and Futures. These are tokenized versions of Grayscale Bitcoin Trust (GBTC), Grayscale Ethereum Trust (ETHE), and Bitwise Index (BITW). The listing of these particular tokenized spot positions on FTX represents the first time a centralized exchange has carried out […]
1/4/2021 2:34:01 PM
Three Arrows reports more than $1.2 billion position in Grayscale’s GBTC
Three Arrows Capital's position in GBTC currently tops $1 billion, according to a recent filing. The post Three Arrows reports more than $1.2 billion position in Grayscale’s GBTC appeared first on The Block.
12/31/2020 1:27:25 AM
At $29,200 Levels & $542 Billion Market Cap, Bitcoin (BTC) Flips Warren Buffett’s Berkshire Hathaway
Bitcoin (BTC) continues to smash new targets as we approach closer to 2021! A few hours back, the world’s largest cryptocurrency hit another all-time high moving past $29,000 levels. At press time, Bitcoin is trading at $29,200 levels with a market cap of $542 billion. With this move, Bitcoin (BTC) has flipped Warren Buffett’s American The post At $29,200 Levels & $542 Billion Market Cap, Bitcoin (BTC) Flips Warren Buffett’s Berkshire Hathaway appeared first on Coingape.