Trading volumes for CME bitcoin options surged as traders made bull call spreads, anticipating a rally. Source link
Volume
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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 […]
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 […]
Growing institutional interest is helping to drive a recent spike in volume on Bakkt, according to its president, Adam White. But the U.S.-regulated crypto derivatives exchange is holding out hope its dormant options platform will eventually gain traction. Trading volumes for physically settled bitcoin futures on Bakkt rose to $134 million on Tuesday from a previous high of $132 million on July 28, according to crypto derivatives data firm Skew. Bakkt went live last September. Bakkt open interest and volume.Source: Skew “The market recognizes the value that a regulated physically delivered bitcoin future offers for hedging and risk management and speculation,” […]
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 […]
The market for Bitcoin futures snapped back into life on Monday as the cryptocurrency’s price surged up to an 11-month high. Source link
Trading activity in bitcoin futures listed on the Chicago Mercantile Exchange (CME) has cooled notably as the leading cryptocurrency languishes in the price doldrums. Daily trading volume fell to $87 million (via 1,895 contracts) on Friday to hit the lowest level since April 17, when the exchange-traded contracts were worth $77 million, according to data from crypto derivatives research firm Skew. Bitcoin futures volume on CMESource: Skew Volume topped out at $914 million on May 11 – the day bitcoin underwent its third miner reward halving – and has been on a declining trend ever since. The halving was widely expected […]
According to the crypto exchange’s report, June was the most uneventful month for Bitcoin (BTC) trading since February and was marked by a reversal in correlation trends with gold and the S&P 500. Source link
New research shows certain wallets are vulnerable to a quasi double-spending attack, a federal appeals court effectively said blockchain data is not protected under the Fourth Amendment and more. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Law of the LandThe Senate Banking Committee plans to introduce legislation this week to study virtual currency’s role in illicit online activity. “Although the use and trading of virtual currencies are legal practices, some terrorists and criminals, including international criminal organizations, […]
An unknown wallet holder mistakenly, it seems, sent a $2 million transaction fee on the Ethereum blockchain, Elrond is testing its network in a “trial by fire” and Libra’s Dante Disparte thinks governments entering the stablecoin race is good for Libra. Here’s the story: You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant. You can subscribe to this and all of CoinDesk’s newsletters here. Top shelf Libra’s FutureLibra’s initial prospectus and subsequent redesign has left its imprint on the world. Some 70% of central banks are researching a national digital currency, […]
Banning cash transactions and requiring identity verification has not noticeably hurt bitcoin’s oldest operating peer-to-peer exchange, market data shows. Helsinki-based bitcoin exchange LocalBitcoins made significant changes to its policies in June 2019. That included mandatory identity verification and removing its cash-for-crypto trading option. Rather than permanently stifling its business over the past year, volume on the peer-to-peer bitcoin exchange has ebbed and flowed with leading centralized exchanges like OKEx and Coinbase, for example. Compared to reported volumes of 12 months ago, OKEx and Coinbase have seen volume drop by approximately 30% and 45%, respectively, according to data from Nomics. Since January, however, […]