Omkar Godbole

Bitcoin alcanzó un nuevo valor máximo al superar los $50.000 esta mañana, después de haber desplazado el exceso de apalancamiento alcista en el mercado de derivados con una rápida caída del precio el lunes. Por un breve momento, y durante las primeras horas de trading en Nueva York, bitcoin superó por primera vez los $50.000. El lunes, los valores de bitcoin habían caído $3.000 hasta situarse […]

Bitcoin printed new lifetime highs near $50,000 this morning, having crowded out excess bullish leverage in the derivatives market with a swift price drop on Monday. The top cryptocurrency by market value clocked a record high of $49,950.93 at around 08:00 UTC Tuesday and was last seen trading near $49,280, representing a 2.8% gain on the day, according to CoinDesk 20 data. Prices had fallen Monday […]

Despite bitcoin’s rapid $3,000 fall from new record highs seen Sunday, institutions seem confident about the cryptocurrency’s long-term prospects. The cryptocurrency dropped to $47,790 earlier on Monday, after just failing to pass the psychological hurdle of $50,000 over the weekend. So far, however, are there are few signs of preparations for deeper losses in the options market. “There is still an absence of any institutional long-term […]

Bitcoin saw a significant drop early on Monday, soon after it had looked primed for a convincing move above $50,000.  The top cryptocurrency slipped from nearly $49,000 to $45,926 during the early Asian hours and was last seen changing hands near $47,790 – down 1.8% on the day, according to CoinDesk 20 data.  The decline surprised many investors, as a notable all-time high milestone had looked […]

Ethereum’s ether cryptocurrency rallied to new lifetime highs early on Tuesday amid a continued drying up of sell-side liquidity in the market. The second-largest cryptocurrency registered a record high of $1,824.59 during the European trading hours, surpassing the previous peak price of $1,761.35 hit on Feb. 5, according to CoinDesk 20 data. The cryptocurrency is now trading lower at $1,764, representing a 5.5% gain on a […]

Investors look to be temporarily shifting focus away from bitcoin and toward crypto tokens associated with decentralized finance (DeFi). In the past 24 hours, DeFi-linked coins such as COMP, AAVE, KNC and ZRX have all leapt to fresh lifetime highs. Compound’s governance token COMP clocked a new record of $500, taking the month-to-date gain to above 40%. The token jumped 130% last month and has risen […]

The Indian government has hinted how it might move to regulate cryptocurrencies, previously feared to involve an outright ban. Talking in the nation’s upper house, the Rajya Sabha, Tuesday, a minister specified that the aim would be to curb illicit cryptocurrency transactions and bar their use in payments. “The government does not consider cryptocurrencies legal tender or coins and will take all measures to eliminate use […]

Bitcoin’s on-chain metrics are painting a bullish picture after weeks of consolidation. The top cryptocurrency hit a peak price of $41,962 on Jan. 8 and has mostly traded the range of $29,000–$40,000 since, according to CoinDesk 20 data. However, demand continues to outstrip supply amid the price lull. “In 2021 so far, around 26,000 BTC have been mined. Meanwhile, The Grayscale Investment Trust has acquired over 40,000 […]

Payments-focused cryptocurrency XRP jumped to over two-month highs on Monday. The move more than reversed the late-December price slide triggered by legal troubles at the San Francisco-based payment protocol developer Ripple Labs, which has close ties to the digital asset.  XRP rose to a high of $0.6836 during the European trading hours, its highest level since Nov. 25, extending the weekend’s rally from $0.27 to $0.50, […]

XRP rallied hard on Saturday in a move similar to a crowd pump recently observed in out-of-favor stocks such as GameStop.  The cryptocurrency jumped 56% to $0.50944 to hit the highest level since Dec. 22, according to CoinDesk 20 data. That was the biggest single-day percentage gain since Dec. 21, 2017.  The double-digit price rise was likely fueled by members of a Telegram-based group called Buy […]

The Indian Parliament will consider a government-introduced bill that would ban private cryptocurrencies in its upcoming budget session. Given the ruling party controls both houses of Parliament, the chances of the bill’s passage are considered good. According to the Lok Sabha Bulletin published Friday, the Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, seeks to prohibit all cryptocurrencies in India and provide a framework for […]

Bitcoin witnessed a sudden double-digit spike to 10-day highs on Friday. The top cryptocurrency picked up a bid near $32,000 at around 08:30 UTC and jumped to $37,050, the highest level since Jan. 19, according to CoinDesk 20 data. The 15.7% rise happened in less than 15 minutes and more than reversed the early dip from $34,400 to $32,000. While the exact reason for the bullish […]

Strong hands look to be backing the recent rally to record highs for Ethereum’s ether cryptocurrency. The number of whale addresses (those holding at least 10,000 ETH) jumped to a 13-month high of 1,103 on Saturday, according to on-chain data from blockchain analytics firm Glassnode. More than 35 whale addresses have been created this month alone, and 75 since mid-November. The increased accumulation by investors with […]

Bitcoin’s shorter-term price woes are likely not over yet, analysts say, with one predicting a decline to $26,000. The cryptocurrency fell by 13% on Thursday in a spot market sell-off, hitting a low of $28,845 earlier on Friday, the lowest level since Jan. 4. In the hours since, the cryptocurrency has regained some poise to trade back above $31,000. “I’m not sure the low of $28,000 […]

Amid another price downturn Thursday, bitcoin options traders appear to be becoming less bullish on the immediate prospects for the cryptocurrency. The one-week put-call skew, which measures the spread between prices of short-term puts and calls, has risen to a five-week high of 14%. The skew had bottomed out near an extremely bullish -33% just a week ago, according to data source Skew. One-, three-, and […]

Even after setting a new record high of $1,439 on Monday, the rally for Ethereum’s ether cryptocurrency may have only just begun, according to Fundstrat Global Advisors strategist David Grider. Basing his prediction partly on use cases for Ethereum’s blockchain technology, Grider wrote in a note Tuesday that ether has scope for a rally to $10,500, according to Bloomberg. That’s an over seven-fold rise from the […]

Decentralized oracle network Chainlink’s LINK token and other prominent alternative cryptocurrencies (dubbed altcoins) are charting solid gains as the crypto market leader bitcoin takes a bull breather.  LINK set a new record price of $23.68 overnight and is changing hands near $21.73 at press time, a 7.3% gain on a 24-hour basis. The previous lifetime high of $19.90 was reached in August, according to CoinDesk 20 […]

Bitcoin is up only slightly on Monday after seeing its biggest weekly decline in over four months.  At press time, the cryptocurrency is trading 0.2% higher on the day near $35,838, according to CoinDesk 20 data. Prices fell by 6% in the seven days to Jan. 17, a weekly fall not seen since the first week of September.  Bitcoin took a beating a week ago, falling […]

Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement. The U.S. President-elect proposed an emergency relief package worth $1.9 trillion at around 00:15 UTC when bitcoin was changing hands near $39,600. At press time, the leading cryptocurrency by market value is trading down near $38,000, according to CoinDesk 20 data. The lack of a bullish […]

The near-term outlook for bitcoin has dimmed, analysts say, with some now seeing a possible extension of Monday’s major price drop. “There could be another dump as outflows from the cryptocurrency exchange Coinbase Pro have dried alongside an increased transfer of coins onto exchanges,” David Lifchitz, chief investment officer for Paris-based quantitative trading firm ExoAlpha, told CoinDesk. Bitcoin fell by over 20% on Monday to $10,305 […]

Despite bitcoin’s 20% crash on Monday, some options traders are betting on a continued price rally in coming weeks. At the press time price of $35,580, bitcoin is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend highs above $40,000. Some traders, though, have been buying Jan. 29 […]

Bitcoin fell sharply early on Monday, having failed to establish a foothold above $40,000 over the weekend. Over the last 24 hours, the cryptocurrency declined by more than $8,000 to $32,400, an over 20% fall from levels over $40,800 late on Sunday (UTC). The cryptocurrency was last seen changing hands up slightly near $35,380 – still down 13.6% on a 24-hour basis. Prices reached a record […]

Another day, another record high for bitcoin’s price. The top cryptocurrency printed a new peak price of $41,026 soon before press time, surpassing the lifetime high of $40,123 reached on Thursday, according to CoinDesk 20 data. Year-to-date gains are now over 40%. Prices have more than doubled in less than a month in a move typical to bull market euphoria. “Fundamentals have gone out the window […]

Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest. Source link

Investment banking giant JPMorgan has called a long-term bitcoin price target of over $146,000 based on the assumption that the cryptocurrency will grow in popularity as an alternative to gold, Bloomberg reports. “A crowding out of gold as an ‘alternative’ currency implies big upside for bitcoin over the long term,” strategists led by Nikolaos Panigirtzoglou wrote in a note on Monday. “Bitcoin’s [current] market capitalization of […]

Coinbase Pro exchange registered an outflow of over 35,000 bitcoin worth more than $1 billion early Saturday. Source link

The Takeaway: Bitcoin nearly triples its price in 2020 and ends the year close to $29,000 but ether gained 450%. Bitcoin (BTC) trading around $28,963 as of 21:00 UTC (4 p.m. ET), gaining 1.5% over the previous 24 hours. Bitcoin’s 24-hour range: $27,916.63 – $29,280.05 (CoinDesk 20) Bitcoin prices, Dec. 30 – Dec. 31, 2020. Bitcoin printed a new record high above $29,000 early Thursday before […]

Large investors continue to accumulate bitcoin, possibly putting upward pressure on the cryptocurrency’s price. The number of whale entities – clusters of crypto wallet addresses held by a single network participant holding at least 1,000 bitcoin – rose to a new record high of 1,994 on Wednesday. The previous peak of 1,969 reached in 2016 was surpassed on Dec. 18, according to data source Glassnode. The […]

The Indian government is considering a bitcoin transaction tax that would add $1 billion in revenue a year, a move some industry participants said is a sign of the government’s growing comfort with cryptocurrencies. A proposal put forward to the Central Board of Indirect Taxes & Customs (CBIC) by the Central Economic Intelligence Bureau (CEIB) would categorize bitcoin as an intangible asset and impose an 18% […]

Bitcoin’s revived uptrend could soon lead to a much-anticipated breakout above the $20,000 mark, according to several analysts. “We have witnessed a large move up over the weekend, with MicroStrategy’s efforts to increase bitcoin holdings from several large players bringing with it fresh optimism,” Matthew Dibb, CEO of Stack Funds, told CoinDesk. “Our belief is that we will see a breach of $20,000 in the coming […]

JPMorgan analysts said MassMutual’s recent $100 million bitcoin purchases are a sign of growing mainstream acceptance for the cryptocurrency. Source link

The popular narrative that institutional bitcoin investors have been leading the 2020 price rally looks to be backed up by on-chain data. In 2020, the number of wallets – defined as a set of blockchain addresses controlled by a single entity – holding at least 1,000 bitcoins has increased by 302 (17%) and is now at a record high of 2,052, according to Philip Gradwell, economist […]

Bitcoin is facing selling pressure on Tuesday as traditional markets suffer the jitters over fears of a “no-deal” Brexit. The top cryptocurrency by market value is changing hands near $18,800 at press time, representing a more than 2% decline on the day, according to CoinDesk 20 data. The decline comes after multiple rejections near $19,400 in the past 48 hours. Bitcoin‘s rally has lost steam in […]

In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just by buying bitcoin may be behind us. But since those heady […]

India-based investors may soon have to pay taxes on returns earned from bitcoin investments. The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter said, according to The Economic Times (ET), a business-focused daily newspaper.  The tax department collected information about bitcoin trades executed through banking channels […]

The path of least resistance for bitcoin is on the higher side, and the cryptocurrency could more than double from its current value in 2021, according to Bloomberg analysts.  “Bitcoin will maintain its propensity to advance in price into 2021, in our view, with macroeconomic, technical and demand vs. supply indicators supportive of $50,000 target resistance, implying about a $1 trillion market cap,” noted Bloomberg Crypto in a […]

Bitcoin has come a long way since bottoming out below $4,000 in March. The cryptocurrency clocked a record high above $19,900 early Tuesday and is up nearly 170% this year. While institutional participation has increased, a large part of the retail crowd may have stayed away from the market. For that group, the fear of missing out (FOMO) on the opportunity to make triple-digit gains may […]

Despite the sharp pullback last week, bitcoin looks on track to post its highest-ever monthly price close. The number one cryptocurrency by market value fell by over $3,000 to $16,242 on Nov. 26, clearing out excess leverage from the derivatives market. The dip was short-lived and prices have recovered more than 50% of the pullback in the days since. At press time, bitcoin is trading around […]

Bitcoin may have a tough time charting a V-shaped recovery to recent highs in the short term, with on-chain activity showing increased selling pressure in the market. Blockchain analytics firm CryptoQuant’s exchange inflow indicator – which measures the 144-block (roughly 24-hour) average of mean bitcoin deposits across major cryptocurrency exchanges – has risen to 2.5 bitcoin, the highest level since March 20. In other words, the […]

Canada-based investment firm Cypherpunk Holdings has dumped its holdings of two alternative cryptocurrencies and put the proceeds into bitcoin. In an announcement Thursday, the company said that its bitcoin holdings have increased to 276.479 BTC from the balance of 72.979 BTC seen at the end of the second quarter, a 279% increase. The company financed the additional bitcoin purchases with the “full liquidation” of positions in […]

South Korea-based exchange Upbit has announced a limited cryptocurrency withdrawal delay in an effort to protect user accounts from malicious attacks. Scheduled to take effect on Nov. 28, the new restriction will only allow users to withdraw digital assets equal in value to the total of Korean won (KRW) deposited 24 hours after a withdrawal was requested. The withdrawal delay is only applicable to cash deposits […]

Bitcoin suffered a price crash earlier on Thursday, having missed record highs by a narrow margin earlier this week. The top cryptocurrency by market value fell from over $19,300 to $16,327 during the early European trading hours and was last seen trading near $17,200, representing a 10% drop on a 24-hour basis, according to CoinDesk 20 data. The sudden fall caught many traders off-guard, given the […]

Cryptocurrency exchange OKEx recorded a major bitcoin outflow just minutes after it lifted a five-week-long withdrawal suspension at 08:00 UTC Thursday. About 2,822 bitcoins were moved from OKEx in block number 658,728 mined at 08:12 UTC. That’s the biggest single-block outflow since May 2019, according to blockchain analytics firm CryptoQuant. Of the 2,822 coins withdrawn, 456 were transferred to cryptocurrency exchange Binance and more than 400 […]

VanEck, the New York-based investment management firm with around $50 billion in AUM, has launched a bitcoin exchange-traded-note (ETN) that for trading on the Deutsche Boerse Xetra. Listed on the Frankfurt, Germany-based trading venue Wednesday, the VanEck Vectors Bitcoin ETN (VBTC) is physically backed by bitcoin and tracks the MVIS CryptoCompare Bitcoin VWAP Close index. “Bringing to market a physical, fully-backed major exchange-listed bitcoin ETP was […]

A metric from bitcoin’s perpetual futures market suggests some traders may have become overleveraged during the recent rally to above $18,000. The average level of the “funding rate” across major exchanges has risen sharply from 0.023% to a five-month high of 0.087% in the past 48 hours, according to data source Glassnode. “Rising funding rates have in the past been associated with a larger portion of […]

XRP has surged to 16-month highs, leading a pack of cryptocurrencies all benefiting from bitcoin’s rally toward historic levels.  XRP, the native asset of the XRP ledger, developed by payment-focused blockchain firm Ripple Labs, climbed to as high as $0.437564 before retreating to $0.413853 at press time, reaching the highest price point since July 2019, according to The CoinDesk 20. The third-largest cryptocurrency by market value […]

Bitcoin reached fresh 35-month highs above $18,400 during the European trading hours. The cryptocurrency has failed to keep gains above $18,000 in the previous two trading days. It will be interesting to see if prices establish a foothold above that level on Friday.  “The market showed a lot of resilience and dip buying interest to shake off any immediate questions about the sustainability of the recent […]

After running a year-long test, Digital Asset Investment Management (DAiM), a U.S.-based crypto investment advisor, has launched what it says are the first company-sponsored retirement plans supporting bitcoin. DAiM will serve as an advisor and fiduciary while helping companies create a 401(k) plan that allows a maximum allocation of up to 10% in bitcoin alongside varying degrees of exposure to traditional assets, according to an announcement […]

Ethereum’s native token ether has jumped to 28-month highs, taking year-to-date gains to nearly 290%. Source link

Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of global fundamental credit strategy, said, according to ZeroHedge. Bitcoin has long been considered by supporters as […]

Bitcoin’s price surge may be driven as much by a drying up in supply as by an increase in demand.  That’s because Chinese miners are struggling to sell their crypto in ways that would quickly get them much-needed cash in the face of a government crackdown on local exchanges.  “The lack of supply has fed extremely well to the trendiness of this rally, without any of the […]

Bitcoin has plenty of scope to extend its current rally, a price indicator suggests, even as the cryptocurrency is fast closing on the record high near $20,000 set three years ago. With prices rising by 80% to levels above $18,000 in the past six weeks, the cryptocurrency’s Mayer Multiple – the ratio of price to the 200-day moving average – has risen to a 16-month high […]

Litecoin jumped to nine-month highs early on Tuesday, replacing bitcoin cash as the seventh-largest cryptocurrency by market value. The cryptocurrency rose to $75.77 during the Asian trading hours, a level last seen on Feb.24, according to the CoinDesk 20. Trading down slightly at $74 at press time, litecoin is still up 9% on a 24-hour basis. Litecoin now has a market capitalization of $4.90 billion, higher […]

Bitcoin’s options market is in the midst of its strongest bullish sentiment on record as the cryptocurrency rallies to three-year highs.  The six-month put-call skew, or the spread between prices claimed by put options and call options expiring in six months, fell to a life-time low of -21.6% early Thursday, according to data source Skew.  A call option gives the holder the right but not the […]

A bitcoin on-chain metric has increased to three-year highs, suggesting a potential supply shortage and low odds of significant price pullback. While there are conflicting interpretations about this latest signal, many market observers are taking it to be positive for the cryptocurrency.  The percentage of bitcoin unspent transaction outputs (UTXOs) in profit recently topped 98%, the highest level since December 2017, according to data source Coin […]

Bitcoin (BTC) has chalked up a stellar price rally in the past two months, reaching 33-month highs close to $16,000. The uptrend began in early September after buyers bought a dip below $10,000, and gathered pace in the second half of October. Last week, prices reached a high of $15,971, a level last seen in January 2018. That’s a 63% price gain in eight weeks, according […]

Bitcoin and U.S. stock futures shot up on Monday after Pfizer announced positive results from a trial of its coronavirus vaccine. Source link

With record U.S. money printing failing to achieve much-needed economic stimulus, some observers now expect creation of a “digital dollar” central bank digital currency (CBDC) will not only speed payments to consumers but also spur inflation. The Federal Reserve has consistently undershot its 2% inflation target since the Great Recession of 2008, and the situation has only worsened this year due to the coronavirus pandemic. This […]

Bitcoin has closed above last year’s high, toppling a final technical barrier on the road to a potential new all-time high. Source link

Web search data suggests popular interest in bitcoin remains at normal levels, despite a sharp price rally to near $16,000. Source link

Bitcoin’s rally is still going as investors continue to accumulate the cryptocurrency, ignoring overbought signals on technical indicators. Source link

A Reddit user said they accidentally paid a fee 80 times the transaction value while executing a swap on Uniswap. Source link

A wallet possibly belonging to early darknet market Silk Road moved almost $1 billion-worth of bitcoin early on Wednesday. Source link

Bitcoin fell after President Trump alleged “fraud” in the presidential election and pledged to stop vote counting. Source link

Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled. Source link

After October’s double-digit price gain, bitcoin may be looking at a short-term pullback. Source link

Daily volume for bitcoin options have hit lifetime highs on crypto derivatives exchange Deribit. Source link

Bitcoin has carved out a 33-month high, showing resilience amid growing instability in the traditional markets. Source link

The cost of doing transactions on bitcoin is surging while the network suffers its worst congestion in nearly three years. As of Wednesday, the mean fee per transaction, or the average transaction cost, was 0.00086764 BTC, the highest since June 2018, according to data source Glassnode. In dollar terms, the average transaction fee was $11.66.  Average fees in bitcoin terms have increased by 573% in the […]

Publicly traded digital-asset brokerage Voyager Digital (VYGR/VYGVF) registered four-digit revenue growth in the fiscal year ended June 30, 2020. In an announcement Thursday, the Canada-based firm said revenue rose to roughly $1.1 million, marking a 1,159% rise from the previous fiscal year’s tally of $87,318. Other figures for the same period are also impressive: customer assets jumped by 1,959% to $35 million, while the total of brokerage […]

Cryptocurrency-focused money manager sees inflows from hedge funds, financial advisors and family wealth-management offices. Source link

Bitcoin has plenty of room to rally, according to a fundamental analysis indicator that flagged the price bottom in March. Source link

Bitcoin’s (BTC) price has climbed to 15-month highs even as coronavirus-induced instability rocks the stock markets. Source link

Regulatory scrutiny is likely garnering more attention for monero amid an upward-trending broader market. Source link

Daily trading volume on Uniswap surged by over 1,200% to a record $2.04 billion, surpassing the previous record high of $953.59 million registered on Sept. 1 by a big margin. Source link

CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX. Source link

Bitcoin was higher, just above $13,000 and rising for a seventh straight day – the longest winning streak in six months.  “A continuation would probably require more positive news,” Matt Blom, head of sales and trading for the publicly traded cryptocurrency firm Diginex, wrote Thursday in a note to clients. In traditional markets, European indexes rose on positive corporate earnings and strong German manufacturing data, and U.S. […]

Continued rise in network’s usage could accelerate the price rally. Source link

Analyzing cryptocurrency markets may seem easier than traditional markets because blockchain technology has more built-in transparency, enabling anyone to analyze and audit on-chain data. Simultaneously, however, there are challenges to zeroing in on forward-looking numbers that give insights into current and future price trends. Philip Gradwell, chief economist at the blockchain intelligence firm Chainalysis, joined CoinDesk earlier this week to discuss the five must-track on-chain indicators for […]

The bitcoin market looks to be shrugging off increased selling pressure from profit takers after prices surged this week. Source link

Litecoin (LTC) rose more than 10% on on Wednesday, outperforming bitcoin (BCH) to top the list of the best performing major cryptocurrencies after PayPal confirmed it’s entering the cryptocurrency market and included LTC on the list of cryptos its customers will be able to buy, sell and hold. Source link

Bitcoin is on the rise toward $12,000, but may face a stiff challenge to cross the price hurdle. Source link