In this video, we talk to the former Managing Director-General of the Asian Development Bank, Dr Rajat M Nag. We discuss the ongoing currency war in the world and the role of the United States in it. Ukraine has been an issue in the news but behind the scenes what has really been of interest to a lot of people is what is happening in the global currency market. The ruble fell very dramatically. It has now come up and has reached almost parity with the dollar, or where it was before the Ukraine war started. But more than that, the […]
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The U.S. Army this week released what it calls a “market survey” for companies interested in manufacturing new light tanks. A market survey published Feb. 12 on the U.S. government’s main contracting website seeks the capability to manufacture future additional quantities of Low Rate Initial Production (LRIP) Mobile Protected Firepower (MPF) production vehicles. Within the program, the Program Executive Office for Ground Combat Systems (PEO GCS), Project Manager Mobile Protected Firepower (PM MPF) is conducting a market survey to collect written information from industry in determining current market manufacturing capability to produce MPF vehicles and provide STS. – ADVERTISEMENT – CONTINUE […]
Bitcoin traders hit the buy button Monday while a DeFi project gains $135 million in BTC locked since the start of September. Bitcoin (BTC) trading around $11,689 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,409-$11,839 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Bitstamp since Oct. 17. Source: TradingView Bitcoin’s price is making major gains Monday, with a rally starting around 12:00 UTC (8 a.m. ET) and the price jumping from $11,477 to as high as $11,839 on spot exchanges such as […]
China’s industry ministry said on Monday that US companies are welcome to actively participate in its market despite trade tensions between Beijing and Washington. It has promised a fair and just environment. The announcement by Xiao Yaqing, head of China’s Ministry of Industry and Information Technology, was made during a video meeting of the US-China Business Council. Executives from companies including General Motors and Qualcomm took part in the meeting, alongside the heads of the council. The participants discussed the market prospects in areas like 5G technology and new energy vehicles, among other issues. Also on rt.com US companies plan to […]
Bitcoin’s transaction activity has cooled amid the recent lull in price action – and that’s hurting miners’ earnings. Source link
This week saw more exchange drama rock the crypto markets. OKEx, one of the industry’s largest crypto-fiat exchanges, suspended all cryptocurrency withdrawals, saying one of the exchange’s key holders has “been out of touch” with the exchange because they are “currently cooperating with a public security bureau in investigations.” Coming hard on the heels of the BitMEX indictments from a couple of weeks ago, this surely will focus the market’s attention on the security of the withdrawal protocols of large exchanges. At the time, concerns surfaced that withdrawals might be halted from BitMEX, one of the largest derivatives exchanges in the […]
Bitcoin rebounded from an OKEx-related drop; ether options traders may be beacon chain bearish. Bitcoin (BTC) trading around $11,327 as of 20:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,199-$11,623 BTC below its 10-day moving average but above the 50-day, a sideways signal for market technicians. Bitcoin trading on Bitstamp since Oct. 14. Source: TradingView Bitcoin’s price moved as high as $11,623 late Thursday/early Friday but trades at that height were short-lived. Spot traders punched the sell button around 04:00 UTC (12:00 a.m ET) on the news that Malta-based exchange OKEx suspended withdrawals due […]
Bitcoin is turning bullish Thursday while ether futures open interest sticks around $1 billion the past month. Bitcoin’s price is on the rise Thursday, moving from a mostly flat trend to hit as high as $11,543 on spot exchanges such as Bitstamp. It was changing hands at $11,537 as of press time. The move upward arrives as the world’s oldest cryptocurrency has struggled to stay above $11,500 since Oct. 13. Andrew Tu, an executive at trading firm Efficient Frontier, said this phenomenon, often known as “resistance” where traders take profits, creates sell momentum and holds back bitcoin from pushing higher. “There […]
Bitcoin is trending downward while ether transaction activity is showing Uniswap’s influence on the market. Bitcoin (BTC) trading around $11,359 as of 20:00 UTC (4 p.m. ET). Slipping 0.38% over the previous 24 hours. Bitcoin’s 24-hour range: $11,286-$11,555 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since Oct. 12.Source: TradingView Bitcoin’s price dipped Wednesday after a move up to as high as $11,555 on spot exchanges like Bitstamp lost momentum. The world’s largest cryptocurrency by market capitalization then slipped to as low as $11,286 and is at $11,359 as of press […]
Bitcoin’s price is slipping while the amount ether parked in DeFi is in neutral. Bitcoin (BTC) trading around $11,397 as of 20:00 UTC (4 p.m. ET). Slipping 1.3% over the previous 24 hours. Bitcoin’s 24-hour range: $11,313-$11,730 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Bitstamp since October 11.Source: TradingView Bitcoin’s price was able to crack $11,700 in the past 24 hours, going as high as $11,730 on spot exchanges such as Bitstamp. The world’s largest cryptocurrency by market capitalization then trended downward, dipping to as low as $11,313 before settling at […]
Hedge fund Numerai is offering $50 million of its numeraire (NMR) token to quants, researchers and even fellow funds that provide original stock market “signals” into its data clearinghouse, Numerai Signals. UPDATE (10/12/20 19:32 UTC): This article has been updated to reflect who can utilize Numerai and how the payout mechanism works. Source link
Bitcoin bounced close to $11,600 before retreating a bit while ether options traders are less active than they were in September. Bitcoin (BTC) trading around $11,552 as of 20:00 UTC (4 p.m. ET). Gaining 1.7% over the previous 24 hours. Bitcoin’s 24-hour range: $11,186-$11,598 BTC is above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 9.Source: TradingView After a flat weekend that saw the world’s oldest cryptocurrency stick to a tight $11,300-$11,400 range, bitcoin’s price jumped Monday as high as $11,598 before settling to $11,552 as of press time. Read More: […]
The U.K. Financial Conduct Authority’s decision to ban individual investors from speculating on bitcoin and other cryptocurrencies is likely to have a minimal impact, partly because the market is so small, according to analysts and industry executives who track the trading business. Some U.K.-based brokerages that had offered the crypto derivative products to retail traders could see a drop-off in revenue, though big cryptocurrency exchanges including Kraken say the impact is likely to be minimal. While U.K. individuals can still trade the actual cryptocurrencies, there may be some traders who will seek to skirt the rules by trading on offshore exchanges. […]
More than 66.6 percent must vote against Bartomeu for him to be removed. If that happens, the club will then have to hold an election to elect a new president. A vote of no confidence against Barcelona president Josep Maria Bartomeu is set to go ahead within the next few weeks after club members reached the required amount of signatures for the motion to go through. The move to replace Bartomeu comes after six-time Ballon d’Or winner Lionel Messi sent a burofax in August saying he wanted to leave the club. Messi has since changed his mind amid reported threats of legal action […]
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens. Source link
Bitcoin is making gains Friday while ether options traders on the Deribit exchange love $400 strikes. Bitcoin (BTC) trading around $10,050 as of 20:00 UTC (4 p.m. ET). Gaining 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,834-$11,111 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 7.Source: TradingView Bitcoin’s price is making gains Friday, rising as high as $11,111 on spot exchanges such as Coinbase before settling to $10,050 as of press time. David Lifchitz, chief investment officer for quant trading firm ExoAlpha, says another rally could occur […]
Bitcoin is flashing green as Square converts some of its cash to crypto while ether options traders are making lots of bets for December expiration. Bitcoin (BTC) trading around $10,890 as of 20:00 UTC (4 p.m. ET). Gaining 2.1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,532-$10,962 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 6.Source: TradingView Bitcoin’s price popped Thursday, led higher almost immediately following the announcement that payments firm Square had invested $50 million to purchase 4,709 BTC. The development pushed the price per 1 BTC […]
Bitcoin is recovering from Tuesday’s drop while there is a decrease in large-balance ether addresses. Bitcoin (BTC) trading around $10,651 as of 20:00 UTC (4 p.m. ET). Gaining 0.66% over the previous 24 hours. Bitcoin’s 24-hour range: $10,524-$10,683 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since Oct. 5.Source: TradingView Bitcoin’s price is making gains Wednesday, recovering from a spate of selling Tuesday that coincided with U.S. President Donald Trump’s tweet calling off stimulus negotiations with lawmakers. Bitcoin was able to hit $10,650 on spot exchange such as Coinbase […]
In such a fast-growing industry as crypto asset markets, it can be overwhelming to try to extract the main themes driving liquidity and investor interest. Yet, doing so helps to understand how relatively new markets evolve, and what the catalysts will be for the next big steps forward. The latest CoinDesk Research Quarterly Review focuses on three features that have exhibited astonishing growth in Q3 and are playing a significant role in the evolving maturity of the digital asset markets. In 24 charts, we look at stablecoins, decentralized finance (DeFi) and derivatives, and tease out some intriguing findings. It is a […]
Bitcoin’s price is steadily increasing after last week’s bad news dump; while Ethereum’s fees fall. Bitcoin (BTC) trading around $10,734 as of 20:15 UTC (4:15 p.m. ET). Gaining 0.51% over the previous 24 hours. Bitcoin’s 24-hour range: $10,621-$10,775 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Oct. 3.Source: TradingView Bitcoin’s price has been on a steady rise since Saturday, topping out at $10,775 Monday on spot exchanges such as Coinbase. Cindy Leow, portfolio manager for 256 Capital Partners, a multi-strategy trading firm, notes bitcoin’s capacity to rebound from recent unpleasant […]
Bloomberg/Detroit News: With Joe Biden’s lead widening in the polls and President Donald Trump’s campaign sidelined by the virus, investment strategists now say there’s less of a chance for a contested election. One thing that’s clear is that investors are starting to get very comfortable with the idea of a Biden victory, and increasingly don’t see it as a negative for stocks https://t.co/6dfuojmlL9 — Joe Weisenthal (@TheStalwart) October 5, 2020 A clear-cut Democrat victory could avoid a long and messy legal battle and provide certainty to markets that have been nervous about election risks, according to strategists from Citigroup Inc. to […]
Institutional interest in bitcoin futures has plummeted as the DeFi explosion made carry trades less attractive, said Bequant’s Denis Vinokourov. Source link
Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020. Vatican Media via AP hide caption toggle caption Vatican Media via AP Pope Francis celebrates Mass in the crypt of the Basilica of St. Francis, in Assisi, on Oct. 3, 2020. Vatican Media via AP Pope Francis has presented his blueprint for a post-COVID-19 world, covering a vast number of issues from fraternity and income inequality to immigration and social injustice. The document, released Sunday, is his third encyclical — the most authoritative form of papal teaching. Its title is Fratelli Tutti, […]
Since the announcement from U.S. regulators, BitMEX has witnessed an outflow of more than 40,000 bitcoins, currently worth more than $422 million. Source link
Bitcoin has performed well in the face of a bleak news cycle while stablecoin assets in the crypto ecosystem continue to grow. Bitcoin (BTC) trading around $10,515 as of 20:00 UTC (4 p.m. ET). Slipping 0.44% over the previous 24 hours. Bitcoin’s 24-hour range: $10,362-$10,667 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since September 30.Source: TradingView Bitcoin’s price stumbled in the early hours of Friday, falling to as low as $10,362 on spot exchanges such as Coinbase around 5:00 UTC (1 a.m. ET) before rising to $10,515 as […]
Derivative exchange BitMEX’s legal issues with U.S. regulators took a toll on bitcoin’s price while DeFi gave Ethereum miners more fee revenue than ever. Bitcoin (BTC) trading around $10,582 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,427-$10,931 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 29.Source: TradingView Bitcoin’s price was as high as $10,932 on spot exchanges such as Coinbase before quickly plunging 4% within two hours to as low as $10,427. It subsequently rebounded a bit to $10,582 […]
Four years ago, when the Seychelles-based cryptocurrency exchange BitMEX announced a new product called the “perpetual bitcoin leveraged swap,” few traders in nascent digital-asset markets could have anticipated what a major impact the obscure roll-out would have on the industry. But the instrument, which made it easy for customers to trade the equivalent of $100 of bitcoin for every $1 down, proved hugely popular and successful among risk-hungry traders, vaulting BitMEX into the top ranks of the world’s biggest cryptocurrency exchanges. Now, digital-asset analysts and investors are scrambling to assess the market damage after U.S. authorities on Thursday brought a series […]
Bitcoin’s price tested $10,800 to close out September while despite some market deflation, investors continue pushing crypto into DeFi. Bitcoin (BTC) trading around $10,701 as of 20:00 UTC (4 p.m. ET). Slipping 0.27% over the previous 24 hours. Bitcoin’s 24-hour range: $10,657-$10,859 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 28. Source: TradingView Bitcoin’s price dipped down to as low as $10,657 Wednesday, bouncing into the $10,800 range and settling to $10,701 as of press time. Read More: BitcoinACKs Lets You Track Bitcoin Development and Pay Coders for Work […]
Beijing is preparing to launch an antitrust probe into Alphabet’s Google, looking into allegations it has leveraged the dominance of its Android mobile operating system to stifle competition, Reuters reported, citing sources. Two people familiar with the matter said that the case was proposed by tech giant Huawei last year and has been submitted by the country’s top market regulator to the State Council’s antitrust committee for review. They added that the decision on whether to proceed with a formal investigation may come as soon as October and could be affected by the state of China’s relationship with the US. The […]
As bitcoin struggles to hold the $10,700 price range Uniswap’s September volume set records but appears to be declining. Bitcoin (BTC) trading around $10,757 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,621-$10,924 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since September 27.Source: TradingView Bitcoin’s price dropped a couple of hundred dollars as a spate of selling took the world’s oldest cryptocurrency to as low as $10,621 on spot exchanges such as Coinbase, recovering to $10,757 as of press […]
An early rally Monday almost pushed bitcoin over $11,000; the ether options market expects volatility in the short term. Bitcoin (BTC) trading around $10,874 as of 20:00 UTC (4 p.m. EDT). Gaining 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,705-$10,956 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 26. (TradingView) Bitcoin’s price mostly traded around $10,800 Monday, after a rally at 00:00 UTC (8 p.m. EDT Sunday) that pushed the world’s oldest cryptocurrency as high as $10,956 before losing steam. Bitcoin traded at $10,874 as of press […]
Chinese bitcoin miner manufacturer MicroBT is looking to grab a bigger slice of the U.S. market by setting up its first overseas production center. The company said on Friday that it has partnered with New York-based Foundry Digital LLC and a Southeast Asian company in order to improve supply chain efficiencies for North American buyers of its flagship bitcoin mining equipment. The Southeast Asian listed company – which MicroBT declined to name – is contracted to produce and deliver MicroBT’s WhatsMiner equipment to U.S. investors, who would otherwise pay an additional 25% tax if they receive shipments directly from China due […]
Last week saw the third-biggest outflow from stock funds in history, and the dollar is the strongest it’s been since April. Here’s what’s going on. On this edition of The Breakdown weekly recap, NLW looks at the fourth painful week for traditional markets in a row. He discusses the factors contributing to the trouble, including: Source link
Buying volume is pushing bitcoin higher. Meanwhile, DeFi investors continue to seek places to park crypto for steady yield. Bitcoin (BTC) is trading around $10,730 as of 20:30 UTC (4:30 p.m. EDT). Gaining 0.50% over the previous 24 hours. Bitcoin’s 24-hour range: $10,550-$10,795 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 23(TradingView) Bitcoin’s price was able to cling to $10,700 territory, rebounding from a bit of a dip after the cryptocurrency rallied on Thursday. It was changing hands around $10,730 as of press time Friday Read more: Up 5%: […]
China’s sovereign debt is set to be added in another benchmark bond index, World Government Bond Index (WGBI), possibly bringing from $100 to $150 billion worth of foreign investment to the world’s second largest bond market. In a landmark decision announced on Thursday, British index provider FTSE Russell said Chinese government bonds will be added to the key index that includes mostly developed economies from October next year. The inclusion of around $1.5 trillion out of China’s $16 trillion bond market is set to be additionally confirmed in March 2021. Also on rt.com China’s yuan strengthens against US dollar, could grow […]
In August, the volume of personally owned stock sold by corporate executives reached its highest level since 2015, followed by a 10% decline in the S&P500 in September. August saw the largest volume of insider selling since 2015, with more than 1000 corporate officers offloading $6.7B in stock. Subsequently, the market has seen a 10% decline since the S&P500 all time high of Sept. 2. What’s more, according to new statistics, insider selling is happening at the fastest pace since 2012. The question is: What do these executives know that the rest of the market doesn’t? Source link
Bitcoin had a small rally Thursday. Meanwhile, the ether options market is giving some investors protection from decentralized finance downsides. Bitcoin (BTC) trading around $10,653 as of 20:00 UTC (4 p.m. EDT). Gaining 3.3% over the previous 24 hours. Bitcoin’s 24-hour range: $10,135-$10,736. BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 22. (TradingView) Bitcoin’s price made gains Thursday as the world’s oldest cryptocurrency began a modest rally at around 15:00 UTC (11 a.m. EDT). It jumped $343 to as high as $10,736 in just two hours on spot exchanges […]
As relations between the world’s two major economies, the US and China, continue to deteriorate, RT’s Boom Bust talks to Professor Richard Wolff about what’s really going on. “What we’re seeing is mostly posturing by Mr. Trump for domestic electoral votes,” he says, adding that the US president thinks the bashing of China could gain him some kind of support. “This is a way of keeping attention, positioning himself for the American market as a ‘tough guy’ but for the rest of the world as seeking some kind of accommodation.” Wolff adds that “Once the election is over, whoever wins will […]
Uniswap’s week-old governance token is outperforming more established cryptocurrencies Wednesday. Source link
The bitcoin market continues to display weakness; xDai total value locked shows interest in Ethereum scaling solutions. Bitcoin (BTC) trading around $10,285 as of 20:00 UTC (4 p.m. EDT). Slipping 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $10,250-$10,575 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 21.(TradingView) Bitcoin’s price had remained in a narrow range since Monday, as the world’s oldest cryptocurrency stuck within $10,400 territory Wednesday before falling to as low as $10,250 just prior to press time. Read More: Bitcoin Market Weakening After Sell-Off, On-Chain […]
How the Fed and the rise of passive investing and volatility strategies have combined to make market movements faster and more severe. Corey Hoffstein is the founder and Chief Investment Officer of Newfound Research LLC, a quantitative research and investment fund. He is also the host of the “Flirting with Models” podcast. In it, he examines three popular narratives about what is driving radical swings in markets, including: He finds that, individually, none could explain the radical market shifts we’ve seen. However, when combined, they create a market incentive loop that is causing markets to move and react to exogenous shocks […]
Later this week, President Donald Trump is expected to announce his choice for Supreme Court justice to replace Ruth Bader Ginsburg, who died on 18 September due to cancer complications. Democrats insist that the new justice should be nominated after the 3 November presidential election. The American news website Axios has quoted finance experts as saying that US President Donald Trump’s resolve to nominate a new Supreme Court justice in the coming days may add to Wall Street’s concerns over market volatility before the 3 November election. Priya Misra, head of global rates strategy with the Canadian TD Securities investment bank, […]
The November U.S. presidential election could be contentious, yet the bitcoin market is pricing little event risk. Analysts, however, warn against reading too much into the complacency suggested by the volatility metrics. Bitcoin’s three-month implied volatility, which captures the Nov. 3 election, fell to a two-month low of 60% (in annualized terms) over the weekend, having peaked at 80% in August, according to data source Skew. Implied volatility indicates the market’s expectation of how volatile an asset will be over a specific period. Bitcoin’s expected volatility over the next few months, as implied by the options market, has been falling. Source: […]
Bitcoin stuck around $10,400 for most of Tuesday. Meanwhile, ether holders are increasingly choosing smart contracts to park the cryptocurrency. Bitcoin (BTC) trading around $10,494 as of 20:00 UTC (4 p.m. EDT). Gaining 0.10% over the previous 24 hours. Bitcoin’s 24-hour range: $10,357-$10,532 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since September 20.Source: TradingView After bitcoin prices fell sharply Monday, the world’s oldest cryptocurrency stayed near the $10,400 mark on spot exchanges such as Coinbase Tuesday. “Bitcoin remains in pullback-mode after having seen an initial reaction to short-term oversold […]
As European Union ministers met in Brussels on Monday ahead of a summit of heads of government later this week, the UK Parliament pressed on with draft legislation to override the Northern Ireland Protocol of the EU Withdrawal Agreement. On Tuesday, European Union leaders warned the UK that changes to the Brexit agreement could scupper trade talks. EU Commission vice-president Maros Sefcovic said that Brussels would not accept any changes to the agreement, a position backed by French and German Europe ministers. “The EU believes in calm, constructive cooperation through the channels created through the Withdrawal Agreement,” Sefcovic said before a meeting […]
MOSCOW (Sputnik) – US energy services giant Baker Hughes is interested in expanding its presence in the Russian market despite the regime of sanctions between the US and Russia, Elena Akoltseva, the president at Baker Hughes in Russia and the Commonwealth of Independent States (CIS), told Sputnik in an interview. “Our full-stream technology portfolio and expertise, local assets, relationships and experience in Russia make us well-positioned to partner with key operators for any new and potential oil & gas projects in Eastern Siberia, the Far East, and on the Baltic and Caspian seas. We are interested in strategic projects, subject to […]
In some circumstances, is yield farming with non-fungible tokens (NFTs) another term for wash trading? Yield farming is the process of getting tokens in return for providing crypto assets to fledgling marketplaces. The activity surged this summer starting with decentralized finance (DeFi) money markets like Compound. But now the game has migrated to other markets as well. Just like players at arcades, yield farmers put in money and get tokens in return. Then they use those tokens to play video games, hoping to win a prize by beating the game. In the NFT space, this dynamic is being pioneered by Rarible, […]
Bitcoin and ether both dropped Monday as global markets conducted a selling session. Bitcoin (BTC) trading around $10,492 as of 20:00 UTC (4 p.m. EDT). Slipping 3.6% over the previous 24 hours. Bitcoin’s 24-hour range: $10,179-$10,994. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 19. Source: TradingView Bitcoin price fell sharply Monday, with a lengthy sell-off session starting around 07:00 UTC (12:00 a.m. EDT) and dropping to as low as $10,179 on spot exchanges such as Coinbase before gaining to $10,492 as of press time. “The market is still […]
It appeared that with the emergence of Coronavirus, Brexit had drifted from the nation’s attention. However, now it has reemerged with a vengeance following the introduction of Boris Johnson’s controversial Internal Market Bill. UK Prime Minister Boris Johnson appears certain to move forward with legislation that has been the subject of considerable acrimony in recent weeks between Britain and the European Union. Despite arguing himself that “the rules-based international order which we uphold in Great Britain is an overwhelming benefit for the world as a whole,” his own government has admitted that the so-called Internal Market Bill will breach international law. […]
https://cdn1.img.sputniknews.com/img/107862/10/1078621084_0:318:3074:2048_1200x675_80_0_0_fc2b7f6a8a025a7042a4e2dbfe508891.jpg Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/us/202009191080509352-playboy-reportedly-considering-options-to-return-to-stock-market/ In March, media reported that the magazine was suspending its print publication partly due to the coronavirus pandemic but also due to a drop in print magazine sales. Playboy Enterprises is now developing a strategy for print Playboy’s comeback, Reuters reported on Friday, citing people familiar with the matter. The possible options include a merger with a special purpose acquisition company (SPAC), and Playboy is now seeking to initiate discussions with a potential buyer, the sources added. Among the blank-check companies Playboy has reportedly reached out to is Mountain Crest. Print Playboy’s sales have been […]
Bitcoin has lost its market momentum. Meanwhile, the amount of cryptocurrency locked in decentralized exchange Uniswap was nearly doubled on Friday. Bitcoin (BTC) trading around $10,867 as of 20:00 UTC (4 p.m. ET). Slipping 0.42% over the previous 24 hours. Bitcoin’s 24-hour range: $10,812-$11,039 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 16.Source: TradingView Bitcoin was only able to eclipse the $11,000 level briefly Friday before dropping to as low as $10,812 on spot exchanges such as Coinbase. “Markets are looking weak on drying-up liquidity on exchanges while BTC […]
This isn’t the CryptoKitties craze of 2017. “The situation is different now,” Stefan George of Gnosis told CoinDesk. Lots of dapps are clawing for Ethereum’s compute power. If activity calms on one decentralized finance (DeFi) platform, it’s likely to perk up on another. “Ethereum is on the way to becoming a whale chain,” George lamented, one where only people transferring large values can stomach its steep transaction fees. So now Gnosis is voting with its feet. The prediction market technology firm is copying all its smart contracts over to Ethereum sidechain xDai. The move will include DXdao’s Omen, an app for […]
Bitcoin lost momentum Thursday while DeFi delirium pushes fees on Ethereum back up. Bitcoin (BTC) trading around $10,920 as of 20:00 UTC (4 p.m. ET). Slipping 0.73% over the previous 24 hours. Bitcoin’s 24-hour range: $10,735-$11,052 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 15. Source: TradingView Bitcoin headed downward Thursday, going as low as $10,735 on spot exchanges such as Coinbase, but recovering to $10,920 as of press time. Andrew Tu, an executive at quant trading firm Efficient Frontier, sees $11,000 as a key bitcoin price point. ”$11,000 […]
“In China, the recovery is happening now and very fast,” said Travala.com CEO Juan Otero. Source link
Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,662-$11,099 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 14.Source: TradingView Bitcoin hit as high as $11,099 on exchanges such as Coinbase Wednesday after the U.S. Federal Reserve announced it was keeping interest rates near zero until maximum employment is achieved. The price lost […]
Four US lawmaker sent a letter to UK Prime Minister Boris Johnson about the repercussions of the Internal Market Bill on the future of US-UK trade relations post-Brexit. The much-debated bill, stipulating certain amendments to the Withdrawal Agreement, passed the House of Commons on Tuesday. Dr Mark Shanahan, associate professor and head of the Politics and International Relations Department at the University of Reading, believes that the risk of undermining the Good Friday Agreement that now exists after the adoption of the Internal Market Bill could botch the UK chances to clinch a trade deal with the United States. Sputnik: Four […]
Senators pressed Google executive Donald Harrison over whether the tech giant wields too much power over advertisers and publishers in the digital ad market, amid widening scrutiny of the company’s dominance. Chip Somodevilla/Getty Images hide caption toggle caption Chip Somodevilla/Getty Images Senators pressed Google executive Donald Harrison over whether the tech giant wields too much power over advertisers and publishers in the digital ad market, amid widening scrutiny of the company’s dominance. Chip Somodevilla/Getty Images A Google executive faced bipartisan grilling in the Senate on Tuesday over the company’s dominance in digital advertising, in a preview of arguments the tech giant […]
Bitcoin is making gains not seen since early September; the amount of BTC locked in DeFi hits six figures. Bitcoin (BTC) trading around $10,778 as of 20:00 UTC (4 p.m. EDT). Gaining 0.70% over the previous 24 hours. Bitcoin’s 24-hour range: $10,252-$10,950 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 13. Source: TradingView Bitcoin was able to reach as high as $10,950 on spot exchanges such as Coinbase Tuesday before losing some steam, settling around $10,778 as of press time. Read More: Two Charged With Duping Investors of $5M […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Sputnik https://cdn2.img.sputniknews.com/i/logo.png https://sputniknews.com/europe/202009151080467158-eu-cant-deal-with-uk-if-london-passes-internal-market-bill/ Earlier today, the UK House of Commons passed the controversial Internal Market Bill during the second reading in a 340-263 vote. The proposed legislation would override part of the Brexit Withdrawal Agreement with the EU. Source link
Bitcoin is making gains Monday and Ethereum usage is hitting record highs in September. Bitcoin (BTC) trading around $10,669 as of 20:00 UTC (4 p.m. ET). Gaining 3.4% over the previous 24 hours. Bitcoin’s 24-hour range: $10,250-$10,759 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 12. Source: TradingView The price of bitcoin hit as high as $10,759 on spot exchanges such as Coinbase Monday. That level has not been seen since Sept. 3 and the cryptocurrency is now heading into bullish territory. “The trend is indeed higher,” said Darius […]
https://cdn1.img.sputniknews.com/i/logo-itemprop.png Sputnik International https://cdn2.img.sputniknews.com/i/logo.png Irina Acheeva. Sputnik International https://sputniknews.com/uk/202009141080454597-former-uk-finance-minister-sajid-javid-unable-to-support-internal-market-bill/ Last week, UK Prime Minister Boris Johnson introduced the Internal Market Bill in the British Parliament, which has jeopardised the Brexit negotiating process, as it proposes rolling back some of the commitments on state aid and customs checks on goods entering Northern Ireland. Former UK Chancellor of the Exchequer Sajid Javid has said in a statement that he is unable to support the Internal Market Bill introduced by the British prime minister. “Breaking international law is a step that should never be taken lightly. Having carefully studied the UK Internal Market Bill […]
It was a quiet day in the bitcoin market while there was action on Uniswap’s total crypto value locked. Bitcoin (BTC) trading around $10,316 as of 20:00 UTC (4 p.m. ET). Slipping 0.13% over the previous 24 hours. Bitcoin’s 24-hour range: $10,199-$10,383 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since September 9. Source: TradingView The price of bitcoin was struggling to trend upward Friday, staying in a narrow $10,200-$10,380 range to start the weekend. “Bitcoin has traded off this month with other risk assets, such that it is now short-term […]
Bitcoin was trending upward before losing momentum; ether holders are moving their cryptocurrency off exchanges. Bitcoin (BTC) trading around $10,284 as of 20:00 UTC (4 p.m. ET). Slipping 0.12% over the previous 24 hours. Bitcoin’s 24-hour range: $10,174-$10,488 BTC below its 10-day but above 50-day moving averages, a sideway signal for market technicians. Bitcoin trading on Coinbase since September 8.Source: TradingView Bitcoin continued its upward momentum from Wednesday, with the world’s oldest cryptocurrency rising as high as $10,488 on spot exchanges such as Coinbase before losing some steam and now moving in a sideways pattern. Constantin Kogan, partner at crypto fund […]
Bitcoin is eking out gains Wednesday while ether’s volatility is up on DeFi drama. Bitcoin (BTC) trading around $10,299 as of 20:00 UTC (4 p.m. ET). Gaining 2.7% over the previous 24 hours. Bitcoin’s 24-hour range: $9,818- $10,349 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Sept. 7. Bitcoin is slowly making gains Wednesday, reaching as high as $10,349 as of press time. Read More: Bitcoin’s Correlation With Gold Hits Record High “After the Sept. 2-3 drop, bitcoin has been stuck in a narrow range of $10,100 to $10,500, looking […]
Blockchain investment firm Digital Currency Group (DCG) has acquired Luno, a retail-focused cryptocurrency exchange with over five million customers spanning over 40 countries. Luno will continue to operate as an independent, wholly-owned subsidiary of DCG, the companies said. The financial terms of the acquisition were not disclosed in an announcement Wednesday. The deal marks another shift in strategy for DCG (which also wholly owns CoinDesk) as it makes a full acquisition of a solidly retail-focused business. “We have invested in many retail businesses all over the world – including nearly two dozen exchanges,” said Mark Murphy, DCG’s chief operating officer. “But […]
The British government’s Brexit-motivated plan for the internal market will rob Wales, Scotland and Northern Ireland of their powers to decide on how they should live, officials fear. London “plans to sacrifice the future of the union by stealing powers from devolved administrations,” said Jeremy Miles, Wales’ counsel general and minister for European transition. He was referring to the Internal Market bill, which the Boris Johnson cabinet is set to make public on Wednesday. The legislation sparked a scandal earlier this week over provisions, which would de facto renege on key parts of the EU Withdrawal Agreement, which had been included […]
Bitcoin is stuck around $10,000 with little price action while some ether holders have pulled out of the DeFi ecosystem. Bitcoin (BTC) trading around $10,014 as of 20:00 UTC (4 p.m. ET). Slipping 1.1% over the previous 24 hours. Bitcoin’s 24-hour range: $9,920-$10,439 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 5.Source: TradingView Scant action in the bitcoin market over the weekend was a welcome respite from the downward trend since the start of September, when prices hit as high as $12,083 on spot exchanges such as Coinbase. Read […]
Bitcoin is in bear territory for the third straight day and investors are still looking to DeFi to capture gains during the dump. Bitcoin (BTC) trading around $10,606 as of 20:00 UTC (4 p.m. ET). Slipping 0.90% over the previous 24 hours. Bitcoin’s 24-hour range: $9,894-$10,081 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since September 2.Source: TradingView Bitcoin’s price dropped below $10,000 Friday, sliding as low as $9,894 on spot exchanges such as Coinbase. “It’s not the best look for BTC from a momentum and positive volume standpoint, to be […]
Tether and affiliate exchange group iFinex have called for a market manipulation suit to be dismissed – partly, they say, because plaintiffs don’t prove that billions of dollars of unbacked stablecoins did actually enter the market. Read the memorandum in full below: Source link
Bitcoin continues to slide while ether has a larger share of the crypto market than it has had in years. Bitcoin (BTC) trading around $10,726 as of 20:00 UTC (4 p.m. ET). Slipping 6.1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,468-$11,474 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Sept. 1.Source: TradingView Bitcoin continues its downward trend Thursday, with prices descending as low as $10,468 on spot exchanges such as Coinbase. While it has recovered a bit, traders selling for profits has certainly been the theme right now. […]
Bitcoin took a dive Wednesday. Ethereum miners are benefiting from all that DeFi. Bitcoin (BTC) trading around $11,396 as of 20:00 UTC (4 p.m. ET). Slipping 4.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,159-$12,058 BTC above its 10-day moving average but below the 50-day, a sideways signal for market technicians. Bitcoin trading on Coinbase since August 31.Source: TradingView Read More: Bitcoin Price Drops 4% After Latest Rejection at $12K Resistance Bitcoin dropped to as low as $11,159 on spot exchanges like Coinbase Wednesday. The fall was exacerbated by long-oriented derivatives traders on exchanges like BitMEX. That platform experienced $9 […]
The booming stock market is driven by perception of the Federal Reserve’s commitment to high prices and growing individual trading, but how sustainable is it? Today’s episode of The Breakdown looks at the stories the stock market is trying to tell, including: New all-time high in total market capitalization to GDP ratio (higher than dot-com bubble) “No precedent for how high” valuations can go Fed denies asset bubble; intimates it wouldn’t care about asset bubbles if full unemployment comes with them Bezos at $200,000,000,000 Percentage of stocks traded by individuals reaches all time high of 20% Robinhood leads in FTX complaints […]
Bitcoin is trending upward and volume on decentralized exchange Uniswap is soaring to an astounding new high. Bitcoin (BTC) trading around $11,724 as of 20:00 UTC (4 p.m. ET). Gaining 0.61% over the previous 24 hours. Bitcoin’s 24-hour range: $11,575-$11,784 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 29. Read More: Huobi and OKEx Battle for Supremacy in China Bitcoin jumped as high as $11,784 on spot exchanges like Coinbase on Monday. Adding fuel to the fire was the derivatives market; short sellers were liquidated on BitMEX during bitcoin’s […]
Bitcoin bounced back from Thursday’s drop at a time when more of the cryptocurrency is locked in DeFi than ever before. Bitcoin (BTC) trading around $11,511 as of 20:00 UTC (4 p.m. ET). Gaining 2.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,231-$11,552 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 26. Source: TradingView Bitcoin’s price trended upward Friday, going as high as $11,552 on spot exchanges such as Coinbase. “Bitcoin has rotated around the most traded price at $11,500,” said Daniel Koehler, liquidity manager at cryptocurrency exchange […]
Bitcoin’s rally lost power after a speech by the Federal Reserve chief; Ethereum gas usage hits another record. Bitcoin (BTC) trading around $11,251 as of 20:00 UTC (4 p.m. ET). Slipping 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,130-$11,596 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since August 25. Source: TradingView Thursday featured a highly anticipated speech by Federal Reserve Chair Jerome Powell highlighting U.S. dollar inflation. During the hour Powell spoke, spot bitcoin hit as high as $11,596 on Coinbase. However, it lost steam and dropped $466 […]
The bitcoin market bottomed out around $11,100 before bouncing back; DeFi continues an upward trend, garnering interest from traders and perhaps creating new ones. Bitcoin (BTC) trading around $11,467 as of 20:00 UTC (4 p.m. ET). Gaining 1.2% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,593. BTC above its 10-day moving average but below the 50-day, a sideways-turning-bullish signal for market technicians. Bitcoin trading on Coinbase since Aug. 24.Source: TradingView Bitcoin’s price was able to hold above $11,100 Wednesday, going as low as $11,102 before jumping as high as $11,593. Read More: Bitcoin Drop Squeezes Out Weak Derivatives Positions Katie […]
Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,786. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Aug. 23.Source: TradingView Read More: ‘Bitcoin Rich List’ Reaches All-Time High Bitcoin’s price declined to as low as $11,102 on spot exchanges such as Coinbase Tuesday, wiping out long derivatives traders on BitMEX. In just one hour, up to $5.6 million in leveraged positions […]
The bitcoin market is experiencing low volume Monday but ether continues to fuel DeFi’s growth. Bitcoin (BTC) trading around $11,737 as of 20:00 UTC (4 p.m. ET). Gaining 0.34% over the previous 24 hours. Bitcoin’s 24-hour range: $11,592-$11,823. BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 22.Source: TradingView Read More: Leveraged Funds Take Record Bearish Positions in Bitcoin Futures Bitcoin’s price opened the week heading higher, hitting $11,823 on Monday before dipping lower. “Bitcoin has settled into a consolidation position at $11,700,” said Daniel Koehler, liquidity manager at cryptocurrency […]
Price point Bitcoin was up slightly at about $11,776 early Monday, rising along with European equities, stock futures, gold, copper and oil amid optimism over a coronavirus vaccine and treatments. The dollar weakened. The largest cryptocurrency is coming off a 2.2% decline in the seven days through Aug. 23, breaking a four-week string of gains. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in context every wild swing in bitcoin and more. We follow the money so you […]
Turkish bitcoin users are already waist-deep in a bull run, as partially illustrated by growing exchange volumes. BTCTurk CEO Ozgur Güneri, head of the largest crypto exchange in Istanbul, with the most Turkish banking access of any exchange in the region, said volumes roughly quadrupled over the past year, attracting roughly 100,000 active monthly users by July 2020 out of nearly 1 million accounts. “August might be the highest volume ever and the highest level of registrations in any month this year,” he said. “This also correlates to the volatility in prices.” Whatever the cause, the relationship between economic crisis and […]
The Trump administration has struck a small-scale trade agreement with the European Union that could send more American lobster across the Atlantic. Europe has agreed to suspend tariffs on imports of live and frozen lobster from the U.S. for at least 5 years. In exchange, the U.S. will cut tariffs by 50% on some European products, including crystal glassware and cigarette lighters. While the agreement covers a tiny fraction of trans-Atlantic trade, it’s important for the American lobster industry which has been at a competitive disadvantage in Europe ever since Canada struck its own trade deal with the E.U. three years […]
Bitcoin traders are hitting the sell button Friday while the ether options market loads up on lower prices. Bitcoin (BTC) trading around $11,674 as of 20:00 UTC (4 p.m. ET). Slipping 1.4% over the previous 24 hours. Bitcoin’s 24-hour range: $11,605-$11,892. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since August 19.Source: TradingView Read More: Bitcoin Options Open Interest Nears All Time High After holding around $11,800 Thursday into Friday, bitcoin started to slide downward around 08:00 UTC (4 a.m. ET), dropping to a 24-hour low of $11,605. Spot volumes were […]
Bitcoin’s price is trending up while August has been a hot month for the cryptocurrency in decentralized finance. Bitcoin is on the uptrend, going as high as $11,891 with buyers outnumbering sellers in the market Thursday. ”This is similar to what we saw on Sunday, Aug. 9 – a quick move from $11,500 to $12,000 and then back to $11,300,” said John Willock, CEO of crypto asset manager Tritum. “Maybe we’ve got $13,500 in the next phase up in the coming days,” he added. David Lifchitz, chief investment officer for quant trading firm ExoAlpha, expects a bitcoin price bull run to […]
Price Point Bitcoin traded slightly higher early Thursday at $11,772 after falling for two straight days. The largest cryptocurrency by market capitalization has declined 1.3% this week as the U.S. dollar strengthened in foreign exchange markets. The greenback gained support Wednesday as the Federal Reserve said it wasn’t immediately planning to implement a “yield curve control” program that probably would have brought an accelerated pace of money printing. You’re reading First Mover, CoinDesk’s daily markets newsletter. Assembled by the CoinDesk Markets Team, First Mover starts your day with the most up-to-date sentiment around crypto markets, which of course never close, putting in […]
The S&P 500 has recovered to hit new all-time highs but how real is it, and how are leading finance minds interpreting the recovery? Today, NLW debuts a new format: “10 Takes in 10(ish) Minutes.” In this analysis, he looks at 10 takes surrounding the S&P 500’s return to positive territory on the year, including: Source link
Bitcoin traders are hitting the sell button. On Ethereum, DeFi is boosting fees again. Bitcoin traded as low as $11,613 Tuesday. Traders continued selling the world’s oldest cryptocurrency after it hit a 2020 high of $12,485 on Monday. For the time being, it may struggle to break much higher from that. “Too much resistance at $12,000,” said over-the-counter crypto trader Alessandro Andreotti. “So it’s just going to go sideways for a while.” Katie Stockton, analyst for Fairlead Strategies, expects a weaker bitcoin market ahead. “There are signs of short-term upside exhaustion supporting continuation of today’s pullback over the next week or […]
Bitcoin’s prices were off from Monday’s high. Meanwhile, high fees on Ethereum helped decentralized exchange Uniswap rake in $7 million over the past month. Bitcoin (BTC) trading around $12,002 as of 20:00 UTC (4 p.m. ET). Slipping 2.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,825-$12,412 BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on Coinbase since Aug. 16. Source: TradingView Read More: Bitcoin Mining Pools See Hashrate Drop Amid Rainstorms in China After hitting a 2020 high Monday, bitcoin dipped to as low as $11,825 on spot exchanges such as Coinbase […]
Bitcoin made a major gain Monday while investors have locked over $6 billion in crypto into various DeFi services. Bitcoin (BTC) trading around $12,332 as of 20:00 UTC (4 p.m. ET). Gaining 4.1% over the previous 24 hours. Bitcoin’s 24-hour range: $11,774-$12,485 BTC slightly above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since August 15.Source: TradingView The world’s largest cryptocurrency by market capitalization opened the week with higher-than-normal volume pushing bitcoin to as high as $12,485. For some market observers it was only a matter of time before it happened. Read More: Bitcoin […]
Social unrest on the one hand, “Degen Finance” on the other. Strap in for a very weird bull run. On this edition of The Breakdown’s Weekly Recap, NLW looks at the strange melange of realities interacting in the new emerging bull market. On the one hand, bitcoin has found narrative relevance and technical importance in a world of social unrest and increased state involvement in economies and citizens’ lives. On the other, insane financial engineering experiments are seeing three-quarters of a billion dollars in value locked up within hours before a bug sees it all go away. In the middle, agents of chaos […]
Bitcoin hit $12,000 but then fell as long derivatives traders were wiped out. Meanwhile, DeFi lending continues to grow. Bitcoin (BTC) trading around $11,884 as of 20:00 UTC (4 p.m. ET). Gaining 1.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,468-$12,084 BTC above its 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since Aug. 8.Source: TradingView Bitcoin was able to hit as high as $12,084 on spot exchanges such as Coinbase only to quickly drop 4.5% a few hours later. Leverage may have played a large part in its initial runup and the […]
The world’s biggest oil exporter, Saudi Aramco, has reported massive losses for the second quarter, with its net profit nosediving 73.4 percent, as the Covid-19 outbreak crippled global demand for crude. The oil giant’s net profit plunged to 24.6 billion riyals ($6.6 billion) for the three months to June 30, from 92.6 billion riyals ($24.7 billion) in the same period of 2019, according to a regulatory filing published at the Tadawul exchange where its stock trades. For the whole first half of the year, Saudi Aramco said its net income plunged to 87.1 billion riyals ($23.2 billion) down 50 percent from […]
In an effort to prop up the floundering economy amid the fallout from the coronavirus pandemic, the UK government announced a job retention scheme in March, with companies paid up to 80 percent of the wage bill for furloughed employees. British employers are beginning to acknowledge the unavoidability of difficult decisions such as axing staff to navigate an unforgiving labour market, as the UK government hastens to restart the country’s COVID-19 pandemic-battered economy. Amid an easing of lockdown rules and touted schemes such as Eat Out to Help Out to support local restaurants, cafes and pubs against the backdrop of warnings […]
From positive price indicators to a new all time high in smallholder addresses, this is the evidence a new bull run might be starting. This week’s Breakdown Weekly Recap is all about that vibe you’ve been feeling – that inescapable notion a new crypto bull market is afoot. It’s just possible this new bitcoin bull market isn’t just starting to be seen in narratives, but is also showing up in numbers. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an […]
Anil Lulla is the co-founder and COO of Delphi Digital, a research firm dedicated to advancing the development of the crypto market. In the past few months at least four crypto hedge funds have shuttered. Yet, there’s never been a better time for institutions to get involved in this sector. Despite an unprecedented global pandemic wreaking havoc on just about every major economy on the planet, investors have made quite a lot of money in recent months in both traditional and crypto markets. When it comes to the latter, this is just the beginning for those with the discipline to seek […]
Bitcoin gained Wednesday while DeFi interest rate volatility is causing concern over its long-term viability. Traders are mostly buying bitcoin Wednesday, with the world’s oldest cryptocurrency going as high as $11,735 on spot exchanges such as Coinbase. “I think we’ll hit $12,000 by Friday. There’s a lot of momentum in the market just now,” said Chris Thomas, head of digital assets for broker Swissquote. “Tuesday was a pause for breath, but we didn’t react negatively.” Thomas noted bitcoin spot volumes have been rising this past week after a month of relative feebleness. “Flows are definitely picking up and more people are […]
Bitcoin trading is weak Tuesday while volumes on DeFi are as high as they have ever been. After wild Sunday action that saw the price of the world’s oldest cryptocurrency fall as low as $10,050 on spot exchanges like Coinbase, bitcoin is trading relatively flat, at around $11,200 Tuesday. “The asset is trading in a narrow range of $11,080 to $11,220,” said Constantine Kogan, a partner at crypto fund of funds BitBull Capital. “To continue last week’s rally, bitcoin needs to overcome the resistance level, which is in the $11,300- $11,400 region,” he added. Katie Stockton, analyst for Fairlead Strategies, says […]
Cryptocurrencies are working their way back Monday after Sunday’s big flash crash. A bullish run for bitcoin past $12,131 was interrupted Sunday, as bitcoin endured a sudden drop, losing over $1,400 within a brief period of time. “The market had rallied strongly from $9,000 to over $12,000,” said Rupert Douglas, head of institutional sales for crypto brokerage Koine. “The reaction down was purely to shake out the weak longs who had got in at the higher levels,” Douglas added. Indeed, hourly liquidations spiked to over $147 million on derivatives platform BitMEX on Sunday. As the price began trending downward, derivatives traders […]
Bitcoin and ether continue to make gains Friday and stakeholders are increasingly investing their crypto into DeFi. Bitcoin (BTC) trading around $11,333 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours. Bitcoin’s 24-hour range: $10,974-$11,460 BTC above 10-day and 50-day moving averages, a bullish signal for market technicians. Bitcoin trading on Coinbase since July 28.Source: TradingView Bitcoin’s price pushed as high as $11,460 on increased buying volume Friday, continuing its bullish run to cap a week of economic uncertainty. Read More: Bitcoin on Track for Highest July Price Gain in 8 Years “The U.S. Q2 GDP […]
Bitcoin’s price jumped to a fresh 11-month high on Friday, with the options market betting on a sustained bull move. The put-call open interest ratio looks to have risen from 0.50 to 0.63 this week due to greater selling in put options. With the combination of negative skews and a rising put-call open interest ratio, bitcoin’s latest move above $10,000 looks like it can be sustained. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital […]